Law firm Jones Day has reached a settlement with private equity firm Centre Lane Partners over a lawsuit seeking $9.6m in allegedly unpaid legal fees, bringing the dispute to an end without the terms of the agreement being disclosed, according to a report by Reuters.

Private equity firms are placing greater emphasis on physical climate risk as increasingly severe weather events begin to influence investment performance, portfolio valuations and exit planning, according to a report by Bloomberg.

Private investment firm Arlington Capital Partners has launched Highwater, a global naval services platform focused on vessel preservation, repair and specialist sustainment services for US, Australian and allied fleets.

Blackstone’s private equity fund for wealthy investors posted its strongest monthly performance since launch in May, driven by its exposure to artificial intelligence company Anthropic, according to a report by Bloomberg.

Forgent Power Solutions and its private equity backer Neos Partners are looking to sell around 35 million shares in what would be the company’s third stock offering since listing in February, according to a report by Bloomberg.

Partners Group is considering launching slightly smaller evergreen funds in future, with chairman Steffen Meister saying the firm may better align fund sizes with long-term investor flow dynamics following recent redemption pressures.

Caplight, a platform providing pricing data and transaction infrastructure for private company shares, has raised $16m in a Series A funding round co-led by BlackRock and Fin Capital, according to a report by Bloomberg.

Shares in Swiss private markets manager Partners Group slipped on Monday, breaking below levels reached earlier this month after the firm imposed caps on withdrawals from its $8.6bn private equity fund, according to a report by Reuters.