Blackstone Inc and Neuberger Berman Group LLC have committed at least $600m to a continuation vehicle launched by Trilantic Capital Partners, according to a report by Bloomberg citing people familiar with the matter.

The South Korean government has successfully overturned a $216.5m damages ruling in its long-running dispute with US private equity firm Lone Star Funds over the 2003 sale of Korea Exchange Bank (KEB), according to a report by Reuters.

KKR & Co has opened an office in Abu Dhabi’s financial centre, strengthening its presence in the Middle East. The office will be led by Julian Barratt-Due, a managing director overseeing KKR’s regional investment business, according to a report by Bloomberg.

CVC Capital Partners, one of the world’s largest private equity managers, has reported realisations of €15.4bn as of end-September, ahead of its previous full-year guidance.

Medicxi, a European life sciences venture capital firm, has closed Medicxi V, a €500m fund dedicated to building and backing biotechnology companies. The oversubscribed fund closed with support from existing limited partners and a select group of new institutional investors. The fund will focus on Medicxi’s asset-centric investment model.

Software-focused sponsor Vista Equity Partners has informed its investors of plans to significantly reduce its workforce as the firm accelerates the integration of artificial-intelligence platforms, according to a report by the Financial Times.

Private equity firm Warburg Pincus has opened its Tokyo office, located in the Marunouchi building in the heart of the city’s central business district. The firm has an over three-decade presence in Asia, alongside a long-standing partnership with Japanese corporates and investors.

Brazilian fintech Credix, which leverages AI to provide credit to small and midsize companies, has raised BRL500m ($93m) in a combination of equity and debt financing to support lending growth and technology development, according to a report by Bloomberg.