Boston-based private equity firm Heritage Holding has closed its first institutionally-backed fund on $220m, taking just four months to reach a final close.
KKR has agreed a €13.5bn break-up of media and tech company Axel Springer, which will see the buyout house exit its stake in the company's media operations.
Baltic private equity house INVL Asset Management has launced a new co-investment fund which will invest alongside its €165m Baltic Sea growth vehicle.
Avid Ventures, the software and fintech investor launched by former General Catalyst and General Atlantic exec Addie Lerner, has closed its sophomore fund on $87m.