Eurazeo has secured €480 million, or roughly $567 million, for a private credit continuation fund backed by Pantheon. The fund will roll assets from previous Eurazeo private credit vintages into a new vehicle, allowing existing investors to cash out while providing Eurazeo with fresh lending capacity to support additional European mid-market transactions.

A Hong Kong billionaire-linked family office is backing a new $100 million artificial intelligence venture fund focused on the infrastructure underpinning AI growth. 3C AGI Partners, founded by former SenseTime executive Esther Wong, is targeting up to $100 million for the fund by March, following a $50 million first close. The vehicle is supported by VMS Group, a family office managing more than $4 billion for some of Hong Kong's wealthiest families.

Otro Capital has raised $1.2 billion for its first buyout fund, underscoring surging institutional appetite for sports-focused private equity strategies. The firm, founded by former RedBird Capital Partners executives, exceeded its initial $500 million target as pension funds, endowments, and family offices increased exposure to sports franchises and related assets. California Public Employees' Retirement System committed $50 million to the fund.