LVMH-backed private equity firm L Catterton has launched a $500m investment vehicle in partnership with a group of high-profile athletes, aiming to capitalise on the commercial influence of sports figures in consumer markets, according to a report by the Financial Times.

Azalea, the private equity platform owned indirectly by Singapore state investor Temasek via Seviora Holdings, is preparing to introduce an evergreen-style private equity fund as early as this year, subject to market conditions, according to a report by Reuters.

UK-listed private equity firm Bridgepoint Group has secured more than €6bn in commitments for the first close of its latest flagship vehicle, putting the fund roughly 80% of the way toward its target size, according to a report by Bloomberg citing unnamed people familiar with the matter.

26North Partners, led by Apollo Global Management co-founder Josh Harris, has raised nearly $6bn for its inaugural private equity fund, marking the largest first-time buyout vehicle on record in the United States, according to a report by Bloomberg.

Court Square Capital Partners has closed its fifth flagship fund at approximately $3.8bn, significantly exceeding its $3bn target and marking the largest vehicle in the firm’s history, according to a report by the Wall Street Journal.

Sports-focused private equity firm 154 Partners has completed fundraising for its inaugural fund, reaching its $400m hard cap as it looks to capitalise on opportunities across the broader sports ecosystem, according to a report by Bloomberg.