UK

More than 100 defence and security strategies are raising capital – or preparing to do so – in the region, with mid-market specialists offering the best potential returns, according to the European Investment Fund and a new report from Rede Partners.

In today's edition, Why the US midterms could spell trouble for private funds; Secondaries fundraising dips; Matching individual investors with UK private assets.

The firm started raising the strategy in Q2 and aims to reach final close by Q1 next year as more funds emerge in this space, Private Equity International has learned.

The £108bn pension pool expanded its private markets portfolio during the financial year ending 31 March, with co-investment remaining a key area of focus, according to its latest annual report.

In today's edition, Panellists explain how to unblock the UK's investment pipeline; Continuation vehicle performance is becoming easier to dissect; Gulf-based BlueFive's HNWI connections.

A healthy balance between the two markets, backed by a deep pool of domestic savings, is required for the next generation of UK companies, according to panellists at an industry event in London.

The $865m fund will be invested by a new growth team led by former TCV general partner Shalini Rao and including alumni of Bessemer Venture Partners, EQT Group, Insight Partners and Bond.

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

Investors in the new funds include California Public Employees' Retirement System, New Mexico State Investment Council, Alaska Permanent Fund and the Fire and Police Pension Association of Colorado

One Peak, a growth investor targeting B2B software companies in Europe and Israel, has closed its third fund at its hard cap of $1bn.