Carlyle AlpInvest has closed a $1.25bn securitisation of private equity fund stakes through a collateralised fund obligation (CFO), marking its third such transaction as institutional appetite for structured exposure to private markets continues to build, according to a report by Bloomberg.

Revolution Beauty Group has rejected a takeover offer from consumer-focused private equity firm True, as the embattled UK cosmetics brand continues to evaluate strategic options including a potential equity raise, according to a report by Reuters citing sources familiar with the matter.

Shares in Australian financial software provider Iress surged on Friday following confirmation that the company is in early-stage talks with Blackstone and Thoma Bravo regarding a potential acquisition, according to a report by Reuters.

Apollo Global Management has increased the size of its net asset value (NAV) loan to SoftBank’s Vision Fund 2 to $5.4bn, in what is now the largest known NAV-backed facility to date, according to a report by Bloomberg citing people familiar with the matter.

TPG’s Asia-focused private equity platform has agreed to acquire ASX-listed automotive software provider Infomedia in a deal valuing the company’s equity at AUD651m (circa $421m), according to a report by Reuters.

International private equity firm Cinven has entered into an agreement to acquire a majority stake in Objectway, a leading provider of end-to-end digital software solutions for wealth managers, banks, and asset managers globally.

Blackstone has launched a JPY507.4bn ($3.5bn) tender offer to take Tokyo-listed engineering staffing firm TechnoPro Holdings private, marking its latest move in an increasingly competitive Japanese buyout market, according to a report by Reuters.