Sam Sutton

The buyout giant’s debut natural resources fund will target sub-$150m investments in the energy, natural resources and mining sectors and will share deals with Apollo’s $14.9bn seventh fund.

Senior Whole Health consolidates Medicare, Medicaid and Medicare Part D pharmacy benefits into a single coverage plan, an advantage as the US healthcare market adapts to reforms signed into law last year.

The $107bn retirement system has entrusted a total of $6bn to KKR and Apollo for investments across asset classes.

The US development finance institution wants to engage private equity firms with expertise in debt to help fill a gap in lending for deal activity in developing economies.

The bank’s transition into asset-based lending for private equity-backed deals could be part of a niche financing trend for medium sized banks, says Amalgamated investor Wilbur Ross.

The firm, which closed its Milan office earlier this year, has exited all but two of its European investments as it focuses on its core investment strategy, the US market.

After struggling to find support in the early going, ArcLight’s fifth fund has thoroughly beaten its $2bn target and closed on $3.3bn.

The energy and power firm has closed its fourth US power fund, picking up commitments from pensions, insurance companies, endowments, family offices and foundations.

The $146bn retirement system awarded nearly $1.8m in bonuses to its investment staff after posting its highest returns in 25 years.

After only six months on the market, the Baltimore- and San Francisco- based firm has closed its seventh fund, which offers LPs an attractive ‘European-style’ distribution.