The PE arm of life insurance and financial planning major Northwestern Mutual has raised more than $470m for its latest direct co-investment fund, above its $400m target.
More than half of LPs committing to alternative assets are using AI technology to predict market trends and investment results, new data from alts-focused software provider Dynamo Software suggests.
Dutch venture capital investor 4impact Capital has closed its second fund on €68m to target digital and sustainability ventures in north-western Europe.
David Blitzer, the head of Blackstone's $37bn Tactical Opportunities unit targeting non-traditional PE and debt deals, is stepping back from day-to-day management of the business arm.
Energy and manufacturing-focused Pelican Energy Partners has soared past its target for a new fund targeting nuclear services companies, reaching $450m at final close.
Lower mid-market private debt manager Beechbrook has raised more than £150m for the first close of its UK SME Credit IV fund, including separately managed accounts.