Fundraising

Mountaingate Capital is seeking to raise $400 million for its second fund, according to an SEC filing.

CarVal Investors has closed its clean energy fund at $490 million, beating its $250 million target.

Encap Investments has raised about $1.2 billion for its energy transition fund.

Veritas Capital has closed its vantage fund at a hard cap of $1.8 billion.

Warren Equity Partners Manager LP has closed its third fund at a hard cap of $673 million, beating its $550 million target.

KKR has raised about $18.5 billion for its latest flagship North America private equity fund, reported Reuters.

New York-based Quad Partners, a lower middle-market private equity firm, has closed its sixth fund at a hard cap of $388 million.

Fundraisers in the 40 under 40: Future Leaders of Private Equity list, from meteoric risers to people who made the switch to virtual without batting an eye.

Private Equity International's senior editorial team had to whittle down the entrants to 40 from more than 500 nominations.

MiddleGround Capital has raised $736 million in total for a series of funds, which include flagship fund MiddleGround Partners II, LP; MiddleGround Partners II-X, LP; and Mobility Opportunity Fund LP.