Evolution Equity Partners, a private investment firm focused on cybersecurity software companies, has closed Evolution Technology Fund III, with total capital commitments of $1.1bn.

Rex Kim, Chief Investment Officer of the Oregon Investment Council, which oversees Tigard, the $93.6bn Oregon Public Employees Retirement System, has announced a commitment of a combined $1.5bn to private markets strategies.

The Sterling Group, a Texas-based middle-market private equity firm, has held the final close of Sterling Group Partners VI, which was oversubscribed at its hard cap of $3.5bn.

Magnesium Capital, a private investment firm focused on energy transition buyouts, has held the final close of its inaugural Fund, Magnesium Capital I, at its hard cap of €135m, exceeding the vehicle’s original €100m target.

Registered investment advisers (RIAs) who run private funds for clients have upped their allocations to private equity investments while cutting their exposure to hedge funds over the last nine years, according to a report by Citywire.

US private equity firm Compass Group Equity Partners has closed Compass Group Fund III and hit its hard cap of $408m, the firm’s second oversubscribed fundraising in two years.

Lone View Capital, an LA-based private equity firm investing in the technology sector, has held final close of its inaugural fund, Lone View Capital Fund I with total committed capital of $850m, bringing the firm’s AUM to approximately $1.1bn.