Platinum Equity is targeting a fundraise of $1.75bn for its second small-cap fund, Platinum Equity Small Cap Fund II, which was unveiled last year, according to a report by BuyoutsInsider.

Mumbai-based private equity firm Kedaara Capital is closing in on raising $1.7bn for its fourth private equity fund, which, if achieved, would make it India’s largest ever buyout fund and 54% bigger than its predecessor PE vehicle, according to a report by Reuters.

Goldman Sachs is planning to raise funds for its ninth private equity fund later this year, according to a report by Reuters citing comments made by Chief Executive Officer David Solomon at a conference in Miami on Tuesday.

TRP Capital Partners has closed a single asset continuation fund for industrial gas transportation company GenOx Transportation, with Barings, Kline Hill Partners and Adams Street Partners serving as co-lead investors.

European growth investment firm Verdane has held final close of Verdane Edda III at €1.1bn, in excess of its original fundraising target. Verdane has now closed two funds above target in the past six months for a combined €2.2bn.

Lower middle market investment manager Keystone Capital Management, has held the first and final closing of its oversubscribed Keystone Fund III after just four months of fundraising at its hard cap of $630m in capital commitments.

Family offices have upped their allocations to alternatives in recent years, with an average 52% of assets now allocated to the asset class up 200 basis points since 2020, and they will continue to do so in 2024, according to a report by global private investment firm KKR.

Private equity LPs had the lowest amount of cash returned to them from their investments last year since the global financial crisis, restricting efforts by buyout firms to launch new funds, according to a report by Bloomberg.