LLR Partners, a lower middle market private equity firm, has closed LLR Equity Partners VII with $2.45bn in commitments, exceeding the $1.8bn raised for its previous fund in 2020. The fund will continue the firm’s 25-year strategy of investing in lower middle market growth companies, with a focus on the

Aruwa Capital Management, a Lagos-based, female-founded and led early-stage growth equity and gender lens investor, has secured 90% of the $40m target for its second fund, Aruwa Capital Fund II, already exceeding the $20m raised for its inaugural fund, which closed in 2022.

Palatine, the regionally focused, sustainably driven investor, has closed its largest-ever fund, Buyout Fund V at £254m, beating its target fundraise and achieving a re-up in excess of 100% based on capital raised from existing investors.

Fortress Investment Group has committed $100m in financing to Dataminr, marking a strategic investment in the artificial intelligence platform, which is valued at $4.1bn, according to a report by Bloomberg.

Flat Capital AB, the private investment vehicle founded by Klarna co-founder Sebastian Siemiatkowski and his wife, Nina Siemiatkowski, has strategically expanded its mandate to encompass the defence sector, according to a report by Bloomberg.

Clearlake Capital Group has received an extension from its limited partners to continue fundraising for its eighth flagship private equity vehicle, targeting $15bn, amid a persistently challenging capital-raising environment, according to a report by Bloomberg.

Malaysia-based private equity firm Navis Capital Partners has held the final close of its newly structured Navis Next Generation Fund with $230m in capital commitments. The transaction, which was oversubscribed, was led by TPG NewQuest with participation from a broad syndicate of global investors.

Chinese sovereign wealth funds and state-backed investors, including China Investment Corporation (CIC), are scaling back commitments to US private equity funds, in a further sign of strained financial ties between Washington and Beijing, according to a report by the Financial Times.