EQT is to launch EQT Active Core Infrastructure, a longer-hold fund with a focus on downside protection, which applies EQT’s active ownership playbook to core infrastructure companies. The fund will target companies that provide essential services to society and offer a distinct and attractive risk-return proposition based on stable cash yield generation, inflation protection, low volatility, and pursuit of longer-term value creation opportunities, while actively contributing to the Fund’s sustainability objectives. It will have an ownership horizon of 15 to 25 years.   The Fund has a target size of EUR5 billion and will leverage the expertise and deal sourcing

Baronsmead Venture Trust and Baronsmead Second Venture Trust (the Baronsmead VCTs), managed by specialist alternative asset manager Gresham House, have raised a further GBP75 million. As with previous years, this 2022 tax year fundraise closed ahead of schedule and was oversubscribed beyond its initial GBP50 million target, reflecting strong investor demand. The Offer opened up new distribution channels including the St James’s Place platform, which further increased accessibility to retail investors.   The Baronsmead VCTs are managed by Gresham House and are hybrid VCTs, with public and private equity portfolios that look to deliver consistent returns with a consistent dividend

Inflexion Private Equity (Inflexion) has held the final close of Inflexion Buyout Fund VI at its hard cap figure of GBP2.5 billion.

Behrman Capital, a private equity investment firm based in New York, has closed Behrman Capital Micross CF LP, a new single asset continuation fund of approximately USD500 million in connection with the sale of its portfolio company Micross Components (Micross or the Company), by Behrman Capital VI LP (Fund VI) and other investors. The continuation fund, managed by Behrman Capital, will be supported by new and returning limited partners, anchored by funds managed by Apollo Global Management, Inc and its affiliates (collectively Apollo) and funds managed by BlackRock’s private equity secondaries team. Behrman Capital and existing Fund VI limited partners

Hiro Capital, a specialist European VC focused on video games, metaverse technologies, creator platforms and gamified fitness, has launched Hiro Capital II, a EUR300 million (USD340 million) fund focused on backing the world’s emerging gaming and metaverse innovators. Hiro II will be announcing its first investments in April.  Hiro’s new fund invests in entrepreneurial teams at Seed A and B across the UK, Europe and North America (and selectively ROW), building innovative and disruptive leaders in Games, Esports, Creator Platforms and Gamified Fitness.

Tyr Capital, a digital asset focused investment manager, has launched a new fund, Tyr Capital Venture. Tyr Capital Venture SP is a discretionary hybrid venture capital fund offering investors exposure to long term returns across a portfolio of liquid tokens and illiquid digital assets (early-stage tokens and multi-stage venture capital equity) with a liquidity horizon of one to three years.   The fund combines the team’s venture capital and liquid trading backgrounds to provide access to asymmetric upside investment in early-stage deal flow, while capturing broader beta exposure in the digital asset market.   Portfolio construction is based on a

Mediobanca Private Banking has expanded its illiquid investments offering for Private Banking clients in Italy with the launch of the Mediobanca Venture Capital Fund, a sub-fund of Russell Investments Alternative Investment ICAV. It will invest in technology start-ups primarily based in the United States. This represents a further step on Mediobanca’s roadmap towards strengthening its Private Investment Banking model, bringing together private capital and investment opportunities in the real economy. The Fund, developed by global investments solutions provider Russell Investments, will be distributed exclusively by Mediobanca Private Banking until 25 March 2022. It will enable Italian private investors to access

Global real estate firm Hines is set to launch Hines European Value Fund 3 (HEVF 3), which is expected to be its largest closed-end fund to date in its growing flagship series of value-add funds in Europe. The fund is targeting equity commitments of approximately EUR1.5 billion. HEVF 3 intends to build on Hines’ principles of value-add investing applied across the fund series so far – high conviction thematic investment into tactical opportunities for value creation, supported by fundamental trends and capital markets inefficiencies. Hines will adopt an approach of confining investment of HEVF 3 to what it considers to

Barings, one of the world’s largest diversified real estate investment managers, has closed the Barings Real Estate European Value-Add Fund II (BREEVA II), its second pan-European value-add real estate fund, at its hard-cap of EUR850 million after receiving EUR1 billion of client demand, significantly surpassing the target of EUR750 million. BREEVA II follows the success of BREEVA I, which has already realised a number of assets and returned more than 60 oper cent its equity to investors and achieved a blended Gross IRR on realisations in excess of 45 per cent.   Of the capital raised for BREEVA II, 50