Cinven has agreed to buy a 50% stake in home and motor insurance provider Policy Expert from the Abu Dhabi Investment Authority. Policy Expert currently serves more than 1.5 million UK customers.
Global alternatives manager ICG has raised $17bn for the fifth vintage of its senior debt strategy, obliterating its initial target of between $11bn and $12bn.
Alpha Partners, an investor focused on helping early VC investors maintain their ownership stakes in companies amid later funding rounds, has soared past $150m for the final close of its third fund.
Atomico, the venture capital house launched by Skype co-founder Niklas Zennström, has raised $1.24bn for its biggest fundraise yet as it looks to take advantage of Europe's burgeoning tech investment space.
LBP AM, an asset manager created by La Banque Postale and Aegon Asset Management, has upped its fundraising target for its midcap senior debt fund after hitting a €300m close.
PE secondaries and fund of funds specialist BEX Capital has closed its fifth fund on $765m, its first raise since the death of founder Benjamin Revillon last year.