JMI Equity, a growth equity firm focused on investing in software companies, has closed the JMI Equity Fund XI, and JMI XI Executive Fund, with total commitments of $2.4 billion. The fund was oversubscribed, with demand exceeding the original $2 billion target.

Rakiza, an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia, which is co-managed by Oman Infrastructure Investment Management and Equitix, has reached the target for its first vehicle with over $1 billion in capital commitments.   

Deerpath Capital Management attracted more than than $2.8 billion in capital commitments for its sixth private credit fund, according to a report by Reuters. The fund will finance healthcare, IT and business services companies with enterprise values between $50 million and $150 million. Fundraising for the fund began in September

Petronas, Malaysia’s state-owned oil company, is planning to expand its corporate venture capital arm by up to $200 million with the extra funding set to be in place as early as April, according to a report by Reuters. Two unnamed Reuters sources have revealed that the new funding will be

SWEN Capital Partners, a €7.7 billion private investment firm focused on responsible investment in unlisted assets in Europe, has closed its Blue Ocean fund with €170 million in capital commitments, exceeding its stated target of €120 million. The fund was originally launched in September 2021 in scientific partnership with Ifremer

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.