Global private equity platform Moonfare has held the final close of its second core portfolio, Moonfare Core Portfolio II (Core II), above its fundraising target, taking a proprietary Moonfare portfolio beyond the €100 million mark for the first time. Moonfare says Core II is a central plank in its mission to bring private equity funds of top-tier managers within reach for individual investors. Designed to sit at the heart of an individual’s private investments portfolio, it offers access to buyout and buyout-related strategies, such as secondaries and co-investments.  Core II offers diversification by geography, fund manager, sub-investment strategy, and target

AlpInvest Partners and HarbourVest Partners have helped One Equity Partners raise $1 billion for a new continuation fund for two of its portfolio companies – construction parts distributor USCO and laboratory glassware maker DWK Life Sciences – according to a report by Bloomberg. The report cites a statement made by One Equity Partners as revealing that the portfolio companies will use the funds for acquisitions and growth opportunities. The new fund is co-led by Carlyle Group Inc’s private equity unit AlpInvest and HarbourVest.  Continuation, or secondary funds, allow long-time investors to access some liquidity while bringing in new investors to

LightBay Capital, a Los Angeles-based private equity firm focused on service-based, middle-market companies, has held the close of LightBay Investment Partners II LP and its related vehicles with total capital commitments of $1.04 billion. 

Pictet Alternative Advisors, the alternative investment specialist of the Pictet Group, has raised a combined $2.5 billion at the final close of Monte Rosa VI, the sixth fund in its series of diversified, multi-manager private equity funds, and Monte Rosa Co-investments V, the fifth vehicle dedicated to co-investments.

BlackRock Inc is targeting an initial $1 billion fundraise from some of the Middle East’s largest sovereign wealth funds for a new private equity fund focused on infrastructure investments in the region, according to a report by Bloomberg.

Truffle Private Markets Group (TPMG), a provider of private markets solutions and partner to wealth managers and family offices across Europe, has launched the US Mid-Market Private Equity Programme (TPM US Midmarket Programme) which has already closed 75% of its target size in 3 months.