Deals in brief

New firm Caro Investors launches

TPG NEXT is serving as the firm's anchor investor.

Blackstone invests in Air Control Concepts

Air Control Concept's existing backer is Madison Dearborn Partners.

Titanium Ventures promotes Bielinko to GP, Serfaty to partner, Lee to VP

Titanium Ventures has promoted Albert Bielinko to general partner, Jonathan Serfaty to partner and Eugin Lee to vice president.

Base10 promotes Broder to partner

Base10 Partners has promoted Caroline Broder from principal to partner.

Shake Shack-backer ACG raises $160m for fifth fund

Alliance Consumer Growth, an early backer of Shake Shack and Athletic Brewing, has closed its fifth fund at $160m.

Summit Partners-backed Insurcomm snaps up disaster restoration firm Soil-Away

Insurcomm is a provider of disaster restoration and construction services.

Star Mountain Capital appoints Glovier as managing director and strategic portfolio officer

Previously, Glovier was chairman, CEO and president of PENSCO Trust Company.

Prudent Growth scoops up Ohio shopping mall for $4.8m

Home Center was built in 1980 and renovated in 1991.

Prudent Growth sells Family Dollar retail property for $1.6m

The buyer was undisclosed.

Century Park-backed CJ Pony Parts acquires American Powertrain

Headquartered in Harrisburg, Pennsylvania, CJ Pony Parts is an ecommerce platform that sells restoration and performance parts to auto enthusiasts.