New York City-based venture capital firm Vine Ventures has closed its second fund, Fund II, with total commitments of $140 million from a raft of investors including Tiger Global Management, Goldman Sachs, General Atlantic, and Blackstone, according to a report by CTech. The founders of Carta, Shutterstock, and Hippo are also all among the investors in the new fund which will focus on investments of between $1 million and $10 million in B2B companies in the cloud, cybersecurity, AI, data, and fintech sectors. Fundraising for Fund II brings Vine Ventures’ total AUM to $243 million. 

Brookfield Asset Management has closed its Brookfield Global Transition Fund (BGTF) with $15 billion in capital commitments, making it one of the largest funds raised with a focus on facilitating the global transition to a net-zero carbon economy. The $15 billion includes investments from institutional investors in and alongside the fund, as well as amounts reserved for the private wealth channel. Highlighting strong industry support for decarbonisation, demand for the fund significantly exceeded its initial hard cap, and the final fund size was oversubscribed. A diverse group of more than 100 investors from around the world committed to the Fund,

Private equity investments helped the Pennsylvania State Employees’ Retirement System (Pen SERS) investment portfolio produce a return of approximately 17.2% in 2021, raising its total asset value to $40.2 billion in the process, according to a report by chief investment officer. Although just short of the pensions fund’s benchmark return of 17.5%, the performance more than doubled the its assumed rate of return. Private equity was the top performing asset class for the year  with a return of 52.8%. Penn SERS’ PE investments have now returned 20.1% and 15% respectively over the past five and 10 years on an annualised basis.

Venture capital firm Accel’s new global late-stage “leaders” fund, has closed with $4 billion in capital commitments, according to a report by Deal Street Asia.

Presto Ventures, a VC fund investing in early-stage B2B startups from Central and Eastern Europe (CEE), has announced the final close of its €30 million Fund II. The new fund will invest in up to forty B2B tech startups at seed and pre-seed stages in the CEE region, supporting them with fast access to capital, fast business development, and fast growth. Presto has already invested in startups such as Cloudtalk, IP Fabric, Yieldigo, Sharry and Wolf3D. Presto Ventures has also announced the appointment of three new partners: Roman Nováček, a CFA charterholder and ex-analyst at US private equity firm GTE;

ECP has closed a continuation fund with $1.6 billion in capital commitments. The fund has subsequently signed a purchase and sale agreement to acquire a portion of Calpine Corporation (Calpine), an USA-based, privately held power company, from ECP III and ECP IV, along with consortium investors. The fund is supported by new and returning limited partners, and is anchored by Pantheon and existing consortium investor Phoenix Insurance.  The continuation fund provides ECP III and IV investors, as well as the consortium of investment partners, the opportunity to monetise a minority stake in their investment in Calpine while enabling new investors

LGT Capital Partners has held the final close of Crown Asia-Pacific Private Equity V (CAPE V), its fifth private equity investment programme investing in the Asia-Pacific region, at the hard cap of USD1.65 billion and above the target fund size of USD1 billion. The fund’s investor base includes more than 50 institutions, including pension funds, insurance companies, university endowments and foundations in Europe, the United States, Canada, Australia and the Middle East.

ICG has held the final close of the ICG Strategic Equity IV fund, which is focused on GP-led secondaries, at over $5 billion in capital commitments, according to a report by Secondaries Investor. The report cites unnamed sources as revealing that the fund reached final close after just 18 months in the market having been launched in November 2020. ICG chief investment officer and chief executive officer Benoît Durteste is reported as previously saying during the firm’s annual results presentation in May that the final close would be held within the coming financial year. SE IV is backed by investors

EnCap Investments (EnCap) and the team behind the Double Eagle family of companies (Double Eagle) are to form Double Eagle Energy Holdings IV (Double Eagle IV) and Tumbleweed Royalty IV (Tumbleweed IV). The new entities have also received minority investments from Apollo Natural Resource funds (Apollo), Magnetar Capital (Magnetar), and other strategic institutional partners.  Headquartered in Fort Worth, Texas, Double Eagle IV will primarily focus on investing in oil and gas properties in the Permian Basin, and Tumbleweed IV will focus on royalty and mineral investments across the Permian Basin. Double Eagle IV was formed by the same management team