BlueFive Capital has been appointed as the first general partner for a fund of funds established by CICC Capital, the private equity arm of China International Capital Corporation, and Chinese steelmaker HBIS Group. The fund targets raising CNY32bn ($4.58bn) with a 15-year term and will pursue investments aligned with HBIS Group’s industrial priorities, including cross-border investments.

Amsterdam-based investment platform Carbon Equity has launched its first co-investment fund, the $50m Co-Invest Fund I, targeting growth-stage, unlisted climate technology companies across the US and Europe.

Ardian, a global private investment firm with $196bn in assets under management & supervision across its private equity, real assets, and private credit platforms, has launched Ardian Access Infrastructure SICAV-RAIF, an evergreen vehicle domiciled in Luxembourg. The fund will be available to professional investors only.

Arlington Capital Partners, a Washington, DC-based private investment firm specialising in government-regulated industries, has closed its fund Arlington Capital Partners VII, with capital commitments totalling $6bn. The fund was oversubscribed, reaching its hard cap in less than five months and surpassing its $4.75bn target. This represents a 57% increase over Arlington’s previous fund, which closed in 2023, and a more than 250% increase from its fifth fund, which closed in 2019.

BC Partners has secured approximately €1.8bn ($2.1bn) in investor commitments for its new flagship fund, with the private equity firm aiming for a first close by the end of 2025, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Dan Sundheim’s D1 Capital Partners is seeking to raise over $1bn for its first dedicated private equity fund, marking a strategic expansion by the $24.5bn hedge fund firm into the traditional private markets arena, according to a report by Bloomberg.

Abu Dhabi-based BlueFive Capital is looking to preparing to close a new $1bn private equity fund focused on Asian investments by the fourth quarter of 2025, according to a report by Reuters citing Chief Executive Officer Hazem Ben-Gacem.

Los Angeles-based Aurora Capital Partners has closed its seventh middle-market private equity fund, Aurora Equity Partners VII, with $2.1bn in total capital commitments, its largest fund to date, exceeding its initial fundraising target.