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'Partnering with a team that is deeply versed in the science like Sofinnova is critical to meaningfully scale and accelerate our investment activity,' said Apollo's Neil Mehta.

The PE manager's GP commitment will account for 10% of Bain Europe VI's total.

The SWF's special opportunities basket focuses on direct investments in venture capital and buyout deals as well as co-investments and stakes in investment firms.

Warburg Pincus, KKR and Permira are among private equity funds included in Astrea VII – the first securitisation to offer the Singaporean public access to higher risk-return profile bonds.

Fund XI is understood to be already more than 29% larger than its 2020-vintage predecessor, which raised €6.1bn against a €5bn target.

The firm will list 25% of its asset management unit by year-end as it seeks to expand its offerings and investor base.

The firm's core PE strategy, which since inception has earned a 26% gross IRR, oversaw $32bn of assets at the end of March.

The specialist firm, which takes minority stakes in sports teams and franchises, raised the largest debut private equity vehicle last year.

All employees of German toymaker Schleich have been able to invest in the business, the firm writes in its annual sustainability report.

The £24bn defined contribution pension's first-ever PE mandate will make up to 10 investments in small and mid-cap companies.