Lyric Capital Group, a New York-based private equity firm that specialises in investing in music copyrights, has closed its second fund, with total commitments of approximately $410 million, exceeding its target with support from a diverse group of new and existing institutional investors. 

Alternative credit investment firm Crescent Capital Group has held the final close of its eighth private credit solutions fund, Crescent Credit Solutions VIII, at $8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund – the largest capital raise in the firm’s history. 

Rainier Partners, a private equity firm investing in lower middle-market services businesses, has completed fundraising for its debut fund, Rainier Partners Fund I, at its hard cap of $300 million, in excess of its $250 million target.  The fund’s limited partners include foundations, global asset managers, insurance companies, pension plans,

Summit Partners has held the first and final closing of its newest Europe growth equity fund, Summit Partners Europe Growth Equity Fund IV, at its hard cap with €1.4 billion in total capital commitments. Launched in October 2022, the fund was oversubscribed.

eWTP Arabia Capital, a venture capital fund backed by China’s Alibaba Group and Saudi Arabia’s Public Investment Fund, is aiming to raise $1 billion to invest in tech startups in China, India, Southeast Asia, and MENA, according to a report by Bloomberg.

Nuveen, the $1.1 trillion investment manager of TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen, have launched the Nuveen Churchill Private Capital Income Fund, which will offer individual investors access to private capital investments across the US middle market, typically only available only to institutional investors.