Aramco, one of the world’s largest integrated energy and chemicals companies, has allocated an additional $4bn to its global venture capital arm, Aramco Ventures, more than doubling the capital allotted from $3bn to $7bn.

Bowmark Capital, a British mid-market private equity firm, has closed its seventh flagship fund, Bowmark Capital Partners VII, with commitments totalling over £900m and exceeding its predecessor fund by approximately 50%.

Committed Advisors has held the final closing of its fifth secondary fund, Committed Advisors Secondary Fund V, with €2.6bn of total capital commitments, surpassing its original €2.4bn fundraising target.

Vidia Equity, a thematic private investment firm focused on industrial decarbonisation climate solutions, has held the the final close of its inaugural fund Vidia Climate Fund I at its hard cap of €415m.

Lexington Partners, a manager of secondary acquisition funds, has held the final close of Lexington Capital Partners X with $22.7bn of capital commitments, in excess of its original $15bn target.

Azalea Investment Management has held the first closings of the Altrium Co-Invest Fund I and Altrium Growth Fund I with a combined $356m in capital commitments from institutions, family offices and high-net-worth individuals.

Four of New York City’s five public employee pension funds, catering for teachers, police officers, firefighters and civil servants, are to up their allocations to private equity and other illiquid asset classes, as they look to boost investment returns, according to a report by Bloomberg.