StepStone Group has successfully closed its first secondaries fund with $1.5 billion in capital commitments. The new vehicle targets the secondary market for private equity assets, providing liquidity to investors looking to exit positions ahead of schedule.

MEAG, the investment arm of Munich Re, has appointed a new head of infrastructure equity. The appointment signals the insurer's continued strategic focus on the infrastructure asset class as it seeks to diversify returns and expand its real assets platform.

Apollo Global Management has agreed to acquire KKR's FBO platform in a deal valued at approximately $10 billion. The transaction underscores the ongoing consolidation and strong demand for fee-based operating platforms within the alternative investment space.

The week's briefing highlights significant momentum in the secondaries and infrastructure sectors, with major players actively deploying capital and reshaping their portfolios through high-value transactions.