Star Mountain Capital, LLC (Star Mountain), a private credit and secondaries specialist investment firm with approximately $3.75bn in assets under management, has closed its Value-Added Direct Lending Fund IV above its $750m LP capital target at approximately $1.2bn. 

YFM Equity Partners has held the final close of its Buyout Fund III, with £95.5 million of committed funds and a high percentage of new entrepreneurial investors in place.

Riverwood Capital, a private investment firm solely dedicated to technology growth and scalability, has raised approximately $1.8bn in new capital commitments for investments in high-growth technology businesses globally.

Waning investor appetite in the current challenging fundraising environment has prompted US private investment major the Carlyle Group to lower the target for its latest pan-Asia private equity fund by at least 30%, according to a report by Reuters.

HSBC Asset Management (HSBC AM) has launched the sixth vintage of its Vision Private Equity strategy as part of its annual programme offering exposure to a globally diversified portfolio by geography, sector and strategy.

BlackRock has held the first close of its Evergreen Infrastructure Fund with client commitments of over $1bn from European founding partners. The fund has already begun to commit capital, including to the acquisition of a US commercial and industrial solar and battery platform.

L Squared Capital Partners has held the final closing for its fourth private equity fund with $840m of capital commitments, taking the total raised by the firm from investors since its launch in July 2014, to over $2bn.