Venture capital firm General Catalyst is looking to raise at least $5 billion for its next flagship fund, according to a report by Bloomberg, citing an unnamed source. The firm’s last fund raised $4.6 billion and closed in February 2022. According to the Reuters source, General Capital has already begun

MAPFRE, through MAPFRE AM, is launching MAPFRE Private Debt, a new fund that will bring together all the existing private debt investments of the insurance group’s subsidiaries, as well as new investments, up to an amount of €350 million. The ultimate aim is to have exposure via 15 large fund

Schroders has received regulatory approval from the UK’s Financial Conduct Authority to launch the first Long-Term Asset Fund (LTAF). LTAFs are regulated open ended investment vehicles designed to enable a broader range of investors, with longer term horizons, to invest efficiently in illiquid and private assets. Schroders already offers structures

BlackRock Alternatives, through its Private Equity business, has launched two new European Long-Term Investment Funds (ELTIFs), broadening access for institutional investors and private individuals across Europe to private equity opportunities globally. 

The Riverside Company, a global private investor focused on the smaller end of the middle market, has held the final close of the Riverside Micro-Cap Fund VI (RMCF VI) with $1.872 billion in investable capital, making it the company’s largest fund to date. 

Indiana Public Retirement System has allocated $450 million to two private equity vehicles, according to a report by Private Equity International – $150 million to Hellman & Friedman Capital Partners XI and $300 million to a custom fund of a vehicle managed by HarbourVest Partners.

Bain Capital Ventures, the VC arm of private equity firm Bain Capital, has closed two oversubscribed funds totalling $1.9 billion, which will focus on investments in technology startups from seed to growth stage. 

Northleaf Capital Partners has held the final closing for the latest vintage of its global private equity solutions fund, Northleaf Private Equity Investors VIII with over $675 million of capital commitments, surpassing the fund’s original $600 million target. 

B Capital, a global multi-stage investment firm, has closed the inaugural B Capital Healthcare Fund I which, in conjunction with B Capital Growth Fund III, gives the the firm over $500 million to invest in opportunities across the healthcare sector, from digital health to biotech. The B Capital Healthcare team,