Fundraising

Fund III will target North American companies within the tech-enabled business services and consumable products industries.

Bucking the industry trend of challenging fundraising and more time on the road, Arcline closed Fund IV in under 10 months.

Ben Luckett, who set up Aviva's VC platform in 2015, says low distributed to paid-in ratios have been less of an issue for the investor to date due to the use of evergreen structures.

Nordic Capital's Fund XII intends to make equity investments between €250m and €1bn across four key sectors.

Fund III’s LPs include endowments and foundations, investment advisers and fund-of-funds, public and private pension plans, family offices, and financial and insurance institutions.

There is now proof of concept that institutional and retail products can successfully be managed side by side, say Davis Polk’s Andrew Ahern, Oran Ebel, Christopher Healey and Leor Landa.

The firm wrapped its fund up in about a quarter of the average industry time.

WindRose Health Investors VII is set to raise 27% more than its predecessor, closed in 2023 at more than $1.4bn.

EQT continues to put up strong exit numbers, defying a broader drought. Plus: Apollo taps a Japanese LP heavyweight to lead its Asia business; and a big Australian investor gets a new private markets head. Here's today's brief, for our valued subscribers only.

Featherlight Capital counts ex-Wafra, La Caisse and Power Sustainable investors among its investment team.