Service business investor Broadtree Partners has closed a $240m multi-asset continuation fund led by Adams Street Partners.

Italian PE firm Investindustrial has reached a one-and-done close for its fourth lower mid-market fund at €1.5bn, hitting the vehicle's hard cap.

Corporate VC arm BMW i Ventures has launched its third fund at $300m, targeting AI applications reshaping the automotive industry.

Spanish PE firm Nazca Capital has completed a continuation fund for Zunibal, a provider of tech solutions for the fishing and marine monitoring sectors.

Asia-Pacific renewables specialist Equis is launching a management-led recapitalisation following a failed sale process last year.

Product-led VC firm Mighty Capital has closed its third fund at $91m, triple the size of its predecessor.

KKR is preparing to launch an AI infrastructure platform backed by more than $10bn in capital, led by a former AWS chief.

US buyout firm Seidler Equity Partners has closed its ninth flagship fund at $1.6bn, up 28% from its predecessor.

Digital infrastructure specialist SDC has raised $1.5bn for its fifth fund, reaching the halfway mark of its target.

Alternative asset manager LibreMax has launched its first interval fund targeting asset-backed finance and structured credit opportunities.

US buyout firm THL Partners has closed its tenth flagship fund at $6.35bn, exceeding its $6.25bn target.

Credit specialist Audax Private Debt has closed a $1bn continuation fund led by Pantheon.

Tierra Adentro Growth Capital has launched its first fund targeting infrastructure investments in New Mexico, backed by the state's SIC.

Mid-market buyout firm TowerBrook Capital Partners has raised approximately $2.7bn at the first close of its latest flagship vehicle.

Private equity firm Reverence Capital Partners has closed a continuation fund for wealth management platform Osaic, raising over $2bn through the vehicle and a recapitalisation.

Innovation platform Plug and Play Japan has closed its debut investment fund on ¥6bn ($38m), beating its initial target.

Credit specialist Apollo has held final close on its liquid credit fund at $1.9bn amid heightened market volatility.

Credit specialist Apollo Global Management has raised $6.5bn for the third vintage of its hybrid investment strategy.

US-based HarbourVest has closed its thirteenth flagship fund at $2.4bn, with $1.3bn committed to venture.

Lower middle market specialist Twin Bridge Capital Partners has closed its oversubscribed sixth flagship fund on more than $855m.

Tech investor Bridge Growth Partners has closed a $790m single-asset continuation vehicle for Solace, a real-time data platform it backed in 2016.

Private equity firm MidOcean Partners has closed a roughly $300m single-asset continuation vehicle for automotive components maker Cloyes Gear and Products.

European infrastructure investor Ancala has launched its fourth flagship fund targeting €2bn, following its oversubscribed €1.4bn predecessor.

San Francisco-based VC firm Lionheart Ventures has raised $10m toward its second fund, targeting AI, mental health tech, and impact investments.

Tech investor Bridge Growth Partners has closed a $790m single-asset continuation vehicle for Solace, a 2016 portfolio company.

US private equity firm MidOcean Partners has closed a roughly $300m single-asset continuation vehicle for automotive portfolio company Cloyes Gear and Products.

Lower mid-market investor 5th Century Partners has closed its oversubscribed second fund at $276m, nearly double its debut vehicle.

Washington, DC-based Capitol Meridian, led by Carlyle alumni, is targeting $1.2bn for its second fund, with a first-quarter initial close expected.

Private equity firm Baird Capital has closed a $450m continuation fund for life sciences-focused Blue Matter Consulting.

Financial infrastructure investor Apis Partners has closed its third fund at $1.23bn, more than double its prior vehicle.