Preeti Singh

The placement agent will seek relationships with independent sponsors and lower-mid market buyout, growth and late-stage venture funds.

The Kuwaiti and Swedish investors bring the combined funds of Capital Constellation – which launched last year as a partnership between three LPs – to $1bn.

These firms have become more diversified and their sticky revenue stream is tied more to management fees, according to director and head of private equity Mark Hoeing.

Here are some key things to know about the technology investor's seventh flagship fund.

The sovereign fund, which has struggled to meet its pacing target, will likely have less capacity for new fund commitments over the next five years.

LightBay Capital, formed by two former Ares Management partners, has focused on employing a differentiated strategy.

Almost two-thirds of US public pension plans with private equity targets are under-allocated to the asset class, according to eVestment.

The firm has been cautious about its fund sizes and measured in coming back to market with successive funds.

The secondaries player is in the market with its ninth flagship and fifth co-investment funds.

Private equity must outperform all other strategies for the pension plan to reach its assumed rate of return, says chief investment officer Dhvani Shah.