The Ukrainian Venture Capital and Private Equity Association has launched the Ukrainian Fund of Funds, an investment vehicle enabling investors to deploy capital into local funds through an intermediary. The expected initial size is $300m.

RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds and co-investment funds, has held the final closing of RCP Fund XVIII with approximately $285m in aggregate commitments.

Patron Capital, a pan-European investor focused on property-backed investments, has closed its seventh flagship fund, raising in excess of €860m, including more than €200m of Patron discretionary co-investment capital for larger opportunities.

Independent European infrastructure fund manager Arjun Infrastructure Partners has held the final close of its Infrastructure Alliance Europe 2 fund with total capital commitments of €1.1bn, with an additional €300m allocated to its co-investment programme.

Global alternative asset management firm TPG has closed its eighth Asia-focused private equity fund, TPG Asia VIII, and TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Funds, with combined commitments in excess of $8bn.

Private markets investment major CVC Capital Partners has activated three new funds — Americas Fund IX, Asia VI, and Strategic Opportunities III — due to “increasing deployment activity”.

HighVista Strategies, an alternative asset manager focused on investments in public and private markets, has held the final close of HighVista Private Equity X, with $675m of capital commitments.

NextEnergy Capital (NEC), a global renewables manager specialising in the solar infrastructure sector, has held the second close of its fifth strategy NextPower V ESG (NPV ESG) with $745m in capital commitments, having raised an additional $265m since first close.

Mercer has closed Mercer Private Investment Partners VII with the fund, which offers investors flexible access to a wide spectrum of global private markets, attracting limited partner capital commitments of over $3.9bn.