Blackstone’s first ever private equity fund aimed at wealthy individuals – private investors with more than $5m to invest – has raised $1.3bn despite a delayed launch, according to a report by Bloomberg.

Leavitt Equity Partners, a value-add healthcare focused private equity firm, has closed its third fund, Leavitt Equity Partners III, with over $180m in capital commitments ahead of its initial $150m target.

Banner Ridge Partners, a $7.3bn multi-strategy private equity investment firm, has completed fundraising for Banner Ridge Secondary Fund V, which closed at its hard cap with $2.15bn of total commitments.

Goldman Sachs Asset Management has raised $650m for a new fund – West Street Life Sciences I – that will make investments in startups related to the life sciences sector, according to a report by Reuters.

Forward Consumer Partners, a private equity firm that focusses on investments in branded consumer businesses, has held the final close of its oversubscribed debut fund, Forward Fund I (Fund I), at its hard cap of $425m.

Edinburgh-based investment syndicate, Archangels, invested more than £13.8m during 2023 in eleven of Scotland’s early-stage tech and life science companies.

Clearhaven Partners, a Boston-based software private equity firm focused on investments in the technology sector, has closed its sophomore fund, Clearhaven Fund II, with more than $580m of capital commitments, above target and at its hard cap.

Global alternative asset management group Tikehau Capital is targeting assets under management of €800m for the newly launched second vintage of its flagship private equity strategy dedicated to the aerospace sector.

The success of a handful of mega funds has driven European private equity fundraising to an aggregate €116bn in 2023, close to the all-time annual high of €118.7bn raised in 2021, according to data from PitchBook.