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Intel

True Light closes China-focused flagship fund at $3.3bn

Singapore-based private investment firm True Light Capital, a division of Singapore government-owned investment company Tamasek Holdings, has held the final closing of its first flagship find with $3.3bn in capital commitments.

Altriarch launches private credit fund

Private credit investment manager Altriarch Asset Management, has launched a new fund that will focus on investments in what the South Carolina-based firm describes as “overlooked segments” within the private credit space.

Corsair sells Oakbridge Insurance to Audax Private Equity

Corsair, a New York-based private equity firm targeting payments, software and business services, has sold its majority stake in Oakbridge Insurance, an independent insurance and risk management agency, to Audax Private Equity.

Altamont Capital sells Douglas Products to Brightstar

Altamont Capital Partners has sold portfolio company Douglas Products, a manufacturer and marketer of brands in global agriculture production and structural pest control markets, to private equity firm Brightstar Capital Partners.

Oakley Capital closes lower mid-market fund at €750m hard cap

Oakley Capital, a pan-European private equity investor, has held the final close of the Origin Fund II at its hard cap of €750m after just four months. Origin II received strong demand from institutional investors, including 18 new LPs in Europe, US and Asia.

Arlington acquires Thoma Bravo’s Exostar

Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Exostar, a secure business collaboration platform, from software investment giant Thoma Bravo.

65 Equity Partners appoints two senior partners

65 Equity Partners, an independent global investment firm backed by Temasek, has bolstered the company’s presence in Europe and North America, with the appointments of Pascal Heberling and Leon Brujis as Partners.

Apax raises $750m in commitments for first generation credit funds

Global private equity advisory firm Apax Partners has raised circa $750m for the first generation of dedicated Apax Credit Funds, which like the firm’s private equity firms will focus on four core sectors – technology, services, healthcare and internet/consumer.

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