LightBay Capital, a Los Angeles-based private equity firm focused on service-based, middle-market companies, has held the close of LightBay Investment Partners II LP and its related vehicles with total capital commitments of $1.04 billion. 

Pictet Alternative Advisors, the alternative investment specialist of the Pictet Group, has raised a combined $2.5 billion at the final close of Monte Rosa VI, the sixth fund in its series of diversified, multi-manager private equity funds, and Monte Rosa Co-investments V, the fifth vehicle dedicated to co-investments.

BlackRock Inc is targeting an initial $1 billion fundraise from some of the Middle East’s largest sovereign wealth funds for a new private equity fund focused on infrastructure investments in the region, according to a report by Bloomberg.

Truffle Private Markets Group (TPMG), a provider of private markets solutions and partner to wealth managers and family offices across Europe, has launched the US Mid-Market Private Equity Programme (TPM US Midmarket Programme) which has already closed 75% of its target size in 3 months.

Pacific Avenue Capital Partners, a private equity firm specialising in corporate divestitures in the middle market, has held the final closing of its first fund, Pacific Avenue Fund I, which was significantly oversubscribed at its hard cap of over $500 million. 

HV Capital, an early-stage and growth venture capital investor has held the final close of HV Capital Fund IX at €710m, making it the largest fund ever raised by the firm. The fund will invest in ‘technology disruptors’ across all growth phases. 

Investindustrial has held the final close of Investindustrial Growth III above its target at €1.1 billion. The fund will continue the strategy employed by Investindustrial’s previous two funds of making majority investments in European lower mid-market companies with strong internationalisation potential. Investments will predominantly focus on companies headquartered in Italy,

Kian Capital Partners, a lower-middle-market focused private investment firm, has held the final closing on its latest fund, Kian Growth Partners III, which was oversubscribed at $400 million.