Funds

Larger deals and cross-border ties-ups underscored $7.2bn worth of healthcare deals in the region.

The Neuberger Berman unit has not set a hard-cap for the vehicle but is unlikely to exceed $6bn, PEI understands.

Investments from the mandate awarded by Australia’s superannuation fund Rest to QIC will be mostly in the US, Europe and Asia-Pacific.

The vehicle – which was launched in 2016 – has already completed three deals and is over halfway invested, founder Crevan O’Grady tells PEI.

The top 10 largest buyout funds amassed $46.4bn between them in the period, representing 87% of the $53.6bn committed to the strategy.

The firm held a final close on Growth Fund II at €230m, well above its €200m hard-cap and more than triple the size of its €70m predecessor.

Japan's biggest brokerage will seed a $900m fund in a boost to its consultancy services and to reinforce businesses in the country.

The private equity firm's founder and chief executive, Yichen Zhang, says that while China’s private equity industry is shifting to buyouts, the absence of operating talent still remains a challenge.

Riding a wave of fundraising and dealmaking, the Japanese mid-market is gathering pace.

The Detroit-based firm collected $142m for the vehicle, well above its $100m target, according to a statement.