Manhattan West Private Equity has successfully closed its inaugural fund which will target investments in the “most attractive underserved sectors” in media, entertainment and sports.  The Los Angeles-based fund will aim to provide investors with a 15% annual cash yield across the portfolio.  Investments to date include a majority stake

One Peak, an investor in growth stage B2B software companies in Europe and Israel, has closed the One Peak Growth III fund at its hard cap of $1 billion. The fund was significantly oversubscribed, demonstrating strong LP demand. 

CVC Credit, the global credit management business of CVC, has held the final close of its third European Direct Lending fund with €6.3 billion to deploy across the European direct lending opportunities, representing a significant increase over CVC’s prior fund.

European credit specialist AlbaCore Capital Group has held the final close of its third flagship fund, AlbaCore Partners III Fund, with €2.2 billion in capital commitments, exceeding its €2 billion target. 

K2 Global, a venture capital firm focused on early-stage technology companies, has raised $300 million in committed capital to invest in promising technology start-ups in the food tech, climate tech and AI sectors.  K2 Global, which is led by investor Ozi Amanat, has previously backed Uber, Spotify, Airbnb, Coinbase, Warby

Adams Street Partners, a private markets investment firm with more than $52 billion in assets under management, has held the final close of the Adams Street 2022 Global Fund Program with approximately $1.1 billion in committed capital.  The Global Fund Program is a private markets portfolio spanning all of Adams

Swedish truck maker Scania AB is launching a new $189.5 million (SEK2bn) venture capital fund, Scania Growth Capital II which, like the firm’s first VC fund, will be managed by East Hill Equity. The new fund will continue its predecessor’s focus on companies and entrepreneurs in the B2B tech space. 

TDR Capital has raised €4.2 billion for a new buyout fund that will focus on both new deals and bolt-on acquisitions for its existing portfolio of consumer-related companies, according to a report by Bloomberg.