Family offices have upped their allocations to alternatives in recent years, with an average 52% of assets now allocated to the asset class up 200 basis points since 2020, and they will continue to do so in 2024, according to a report by global private investment firm KKR.

Private equity LPs had the lowest amount of cash returned to them from their investments last year since the global financial crisis, restricting efforts by buyout firms to launch new funds, according to a report by Bloomberg.

Epiris, a private equity firm that targets control positions in UK-headquartered businesses with an enterprise value of between £75m and £500m, has held the final close of Epiris Fund III with total capital commitments of £1.044bn.

Coalesce Capital, a private equity firm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments.

Independent infrastructure investment manager Ancala has held the final close of its third flagship co-mingled fund with €1.4bn in capital commitments, surpassing its original €1.2bn target and marking the firm’s largest single fundraise to date.

Texas-based private equity firm Trinity Hunt Partners has closed its latest fund, Trinity Hunt Partners VII, at its hard cap of $700m in capital commitments, which was oversubscribed and had fundraising completed in under five months.

Brookfield Asset Management, a real assets-focused alternative asset manager with over $850bn of AUM, has held the first closing of the second Brookfield Global Transition Fund at $10bn in fund commitments and strategic capital.

TJC, a middle-market private equity firm investing primarily in North American businesses, has held the final closing of Resolute Fund VI, with total capital commitments of $6.85m, an amount significantly above its initial $6bn hard cap.