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San Francisco-based Revelation Partners, a secondary healthcare investor, has closed its third fund at a hard cap of $350 million, beating its $300 million target.

European private equity Triton has closed its second lower mid-cap fund at 815 million euros, beating its target of 600 million euros.

Special purpose acquisition companies are both an opportunity and a threat, interim chief investment officer Dan Bienvenue tells the pension’s investment committee.

European markets are easing the path to public markets to lure more PE funds and their portfolio companies as SPACs become more mainstream.

Partners Group co-chief executive André Frei is stepping back to focus on sustainability. Plus: London's Triton has held the final close on its sophomore mid-market fund and PE dealmakers are getting creative. Here's today's brief, for our valued subscribers only.

The fund, backed by existing and new LPs, gives the firm $1.5bn in total AUM. Partner Chris Arsenault says the firm came to market with the vehicle sooner than expected.

The European manager's latest lower mid-cap fund raised €815m, well over its €600m target and 80% more than its 2017-vintage predecessor.

The latest Aberdeen vehicle will target lower mid-market turnaround, value buyout and growth capital funds.

There has been a general awareness by GPs in recent years that some companies they buy deserve to be held longer, because they still have room to grow.

The US public pension has backed a pair of private equity funds in its latest round of commitments.