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The ground being laid in the US to welcome retail investors into alternatives is rocky. Where mid-market managers fit is an open question.

Blackstone Core Equity Partners II is the largest long-term private equity vehicle ever raised, in an increasingly competitive market.

The tech investment giant said Monday it had held final closes across three vehicles, including for its flagship Thoma Bravo Fund XIV.

The firm has also 'materially concluded' fundraising for its latest flagship, chief executive Christian Sinding said on its earnings call on Wednesday.

Performance track record is less important than fees, terms and conditions for Asian institutions considering a private assets fund, according to research from Schroders.

The consumer-focused private equity firm raised more than €600m for its L Catterton Europe IV fund last year.

EQT Growth will invest between €50m and €200m in mostly European companies focused on B2B tech, healthcare tech and impact tech.

The €25.7bn firm is in market with at least seven funds and has promoted its Iberia head to concurrent head of the UK.

The number of funds that have closed so far in 2020 is down 50% year-on-year while the dollar value of capital raised remains steady, PEI data show.

Shanghai-based Chris Lerner and another senior executive are understood to have left the placement agent and advisory firm in August.