VMS Group, a $4bn Hong Kong-based multi-family office with an historical focus on private equity investments, is expanding into hedge fund strategies as it responds to growing client demand for more liquid investment options, according to a report by Bloomberg.

Capital Group and KKR have filed for regulatory approval to launch a new interval fund aimed at retail investors, blending listed US equities with private equity exposure in a structure designed to broaden access to alternative assets, according to a report by Bloomberg.

The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, remains firmly committed to private equity despite ongoing challenges in liquidity and exit activity across the asset class, according to a report by Bloomberg citing CEO Marcie Frost.

Odyssey Investment Partners is marketing a $1bn single-asset continuation fund to prolong its ownership of portfolio company Industrial Electric Manufacturing (IEM), according to a report by Bloomberg citing sources familiar with the matter.

50 South Capital Advisors, Northern Trust Asset Management’s global alternatives investment manager, has held the final closings of two of its flagship private equity funds, both significantly exceeding their fundraising targets.

Global sustainable infrastructure investor Actis is set to accelerate its push into Southeast Asia’s renewable energy market, committing up to $500m over the next two years to capitalise on rising demand for clean power across the region, according to a report by Bloomberg.

Glenwood Private Equity, an independent investment firm headquartered in Seoul that focuses on upper middle-market corporate carve-out opportunities in South Korea, has closed its latest Glenwood Private Equity Fund III, with total commitments of $1.1bn, reaching its fundraising hard cap.

Ardian, a global private investment firm with $180bn AUM and supervision across its private equity, real assets, and private credit platforms, has launched Ardian Access SICAV-RAIF, an evergreen vehicle domiciled in Luxembourg.