Fundraising

West Street Capital Partners, Goldman Sachs’s seventh buyout fund and its first since 2007, is targeting $5bn and has already made two investments.

HGGC Fund III, which closed on $1.84bn, received the firm’s first LP commitments from Japan and Korea.

Steep valuations in the mid-market are hitting deal and exit activity.

Multiple fee layers, high minimum investment tickets and a painful J-curve have deterred many wealthy families from investing in the asset class, says Richard Clarke-Jervoise, a partner at Stonehage Fleming.

The Paris-based firm is also closing in on a first close for its latest fund of funds.

The firm’s eighth flagship fund, Wind Point Partners VIII, expects to hold an interim close on its way to its $750m hard-cap.

Two government-backed investors have committed capital to InFrontier, Afghanistan's first private equity fund.

The private equity firm beat the target for Adveq Europe VI, which will invest in primary, secondaries and co-investments.

Elaghmore Partners will target UK-headquartered operationally challenged businesses.

The global firm has rounded up $711m for its ‘Next Generation Technology Growth Fund’, which included a sizeable GP commitment.