B Capital has held the close of its third venture growth fund and related companion funds (Growth Fund III), with aggregate capital commitments of approximately $2.1 billion. The fund will target investments around the world with a particular focus on the US and Asia.

Los Angeles Fire & Police Pensions has committed an additional allocation totalling $190 million to four alternative investment funds, according to a report by Pensions & Investments Online.

WestView Capital Partners, a Boston-based growth equity firm, has closed its oversubscribed fifth fund, WestView Capital Partners V (Fund V), at its target and hard cap of $1.0 billion of limited partner commitments. 

Alternative investment manager Stonepeak Partners is looking to raise $2.5 billion (€2.3 billion) for its new infrastructure fund, which will target investment opportunities in North American and Europe, according to a report by IP&E Real Assets. The report cites an investors meeting document as revealing that the Teachers’ Retirement System

Former fund managers from KKR & Co and British International Investment Plc are planning to raise up to $250 million for a new fund that will invest in technology-focused startups in India, according to a report by Reuters. Ajay Candade, who until recently led KKR’s growth tech business in India,

British Patient Capital and Mubadala Investment Company, an Abu Dhabi-based sovereign investor, have a made a co-investment in the SV Biotech Crossover Opportunities Fund (SV BCOF) through the UK’s Life Sciences Investment Programme, a £200 million initiative launched in 2021 to support the growth of UK life sciences businesses.

CalPERS has made a $1 billion commitment aimed at identifying and supporting the next generation of investor entrepreneurs in the private markets sector.

HESTA, an Australian super fund dedicated to people working in health and community service, is committing a further $200 million to the HESTA Sustainable Capital Investment Trust, a targeted private equity investment programme managed in partnership with Stafford Capital Partners.