Fundraising

GEF US Climate Solutions Fund II invests in lower middle-market companies in the U.S. and Canada focused on climate change.

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

StepStone was the fund's lead investor.

The fund will focus on next-generation cybersecurity companies.

Charlesbank launched its dedicated tech strategy in 2018 with the hires of Darren Battistoni and Hiren Mankodi, both veteran tech investors.

Buyers have a chance to seize on more proprietary deal flow in the small end of the market, with many processes not run by a banker.

LPs may look to smaller, niche funds as a way to boost returns while diversifying their portfolios.

Magnesium Capital I's limited partners include blue-clip institutional investors from the US, Europe and the UK.

FalconPoint plans on making two to three investments per year, a pace that will allow the firm to dig into the operations of each investment.