Fundraising

The fund's original target was $2 billion.

The software specialist has internal talks about accepting outside capital 'all the time', but likes things as they are, says co-founder Orlando Bravo.

Clearlake Opportunities Partners III will target investments in technology, industrial, and consumer businesses.

As with its previous funds, Union Capital Equity Partners III will invest in U.S. founder-owned businesses where Union Capital is typically the first institutional investor.

NB's fourth secondary fund closed on $2.5 billion in January 2017.

Innovation Fund II invests in innovative growth-stage healthcare companies with innovative technologies and solutions.

Building out technology in old-line businesses is a way to potentially make them more valuable, which can serve as a hedge to rising rates and potential lower exit multiples in the future.

Resurgens Technology Partners II will invest in North American and select European lower middle-market application and IT infrastructure software businesses.

Led by managing partner Ted Yun and founding partner Kurt Larsen, NexPhase spun out of Moelis in 2016 and closed its debut fund two years later.

A trio of private equity giants with enormous existing LP bases are using digital securities platforms to unlock new sources of capital.