Happy Sunday. Here’s what we’ve got today…

• A look at CVC’s plans to kick-start US growth

• Plus, Google agrees to buy Wiz for $32 billion, handing a big win to early backers, including Cyberstarts, Index Ventures, Insight Partners, and Sequoia

CVC plays catch-up, starting with private credit:

CVC Capital Partners sees US private credit as a key growth market and says the firm is continuing to evaluate potential fund manager acquisitions.

"We have always said that if the right inorganic opportunities came along, then we would look very carefully at those," said CVC Chief Executive Officer Rob Lucas on this week's earnings call. "We have highlighted in the past US private credit – that [interest] remains the case."

One possible target is Fortress Investment Corp., the Mubadala-backed manager with around $49 billion in assets under management. CVC has already held talks with Fortress and Mubadala, though negotiations reportedly stalled over a mismatch in valuation expectations. Fortress was last valued at more than $2 billion when Mubadala acquired its stake.

CVC remains interested, reports Bloomberg, though it's unclear whether talks will be resumed.

The firm was also among those hoping to acquire HPS Investment Partners last year but ultimately lost out to BlackRock’s $12.4 billion purchase.

Lucas says the firm has no issue waiting: "We would be very selective. There needs to be a really good cultural fit, there needs to be the ability to scale. We don't want something that's too big, and we don't want anything that's too small. So it is a question of being very selective there, and we're not in any rush."

While Lucas espouses the firm's patience, CVC has separately moved to shake up operations in its existing US business. Earlier this year, the firm replaced Chris Stadler, who had overseen the North American private equity unit for 18 years, with new co-heads Lorne Somerville and Cathrin Petty, who were both previously based in London.

Stadler will take up a new role as chair of North America at CVC and will remain on the investment committee, but will no longer be responsible for bringing in new deals.

The US has “clearly been an underperforming part of CVC for a while," said one unnamed limited partner in an interview with the Financial Times. It's a “totally different market” than CVC's European roots, and “trying to craft what CVC is in the US, rather than just another firm, is a challenge,” he added.

The firm’s varying private credit fortunes highlight the difference on either side of the Atlantic — as CVC waits for the right deal to jumpstart US growth, its European business has grown into a dominant regional player.

"The bulk of our private credit deployments system is predominantly on the European direct lending side," said COO Ken Young on this week's call.

"I think the key point when you're looking at European direct lending, in particular, is two things: I think the first one is it is a more nascent marketplace relative to the States. So I think there's still a long way to go in terms of market penetration."

“The second thing, which is really important, is if you look at the way that we've tackled that market opportunity," Young continued.

"We've embedded CVC Credit professionals working alongside the Private Equity teams in many of our European offices. And that just gives us an unbelievable advantage when it comes to originating investment opportunities."

• Google (Nasdaq: GOOGL) agreed to acquire cloud security platform Wiz for $32 billion in cash.

• Brookfield Asset Management is the frontrunner to acquire Colonial Pipeline, the largest U.S. fuel pipeline system, in a deal that could value the company at more than $10 billion including debt, per Bloomberg.

• Stada, a German pharmaceutical company owned by Bain Capital and Cinven, pushed its IPO back to September after initially planning to launch this week, citing market volatility; expectation was a valuation between €10 billion and €12 billion.

• Broad Sky Partners acquired Commonwealth Electrical Technologies, a Worcester, Massachusetts-based electrical contractor and energy solutions provider.

• Apollo (NYSE: APO) agreed to acquire a majority stake in OEG Energy Group, an offshore energy solutions provider, from Oaktree Capital Management for around $1 billion, with Oaktree retaining a stake.

• Aldaron Partners and True Wind Capital agreed to acquire DCM Services, a Bloomington, Minnesota-based provider of estate and specialty account recovery solutions.

• Baltic Cable and Equitix agreed to acquire Greenlink, a 504MW subsea energy interconnector between Ireland and the UK, from Partners Group for €1 billion.

• Investcorp agreed to acquire a majority stake in Miebach, a German supply chain and logistics consultancy with offices in 20 countries, while existing equity partners will retain a significant minority stake.

• Partners Group agreed to acquire Middle River Power and a portfolio of 11 California natural gas power plants for $2.2 billion from Avenue Capital Group.

• Sandals Resorts International is exploring a sale of its luxury all-inclusive Caribbean resort operations, which could be valued between $6 billion and $7 billion, per the Wall Street Journal.

• Gallant Capital acquired Altify, a London-based sales enablement software platform, from backers including Sabvest.

• Abry Partners acquired a minority stake in AirHelp, a German provider of air passenger rights and compensation claims management.

• Main Post Partners invested in Rebel Athletic, a Carrollton, Texas-based manufacturer of cheer and athletic apparel, taking a minority stake.

• Petershill, a unit of Goldman Sachs, acquired a passive minority stake in Seattle-based investor Frazier Healthcare Partners.

• Summit Partners led a growth equity investment in Cenosco, a Dutch asset integrity management software provider, with participation from existing investor Fortino Capital.

• Brighton Park Capital invested in HITRUST, a Frisco, Texas-based provider of information security assurance for risk management and compliance.

• Sixth Street made a significant equity investment in the MLB’s San Francisco Giants.

• Forcura and Medalogix announced a merger to create a post-acute care technology platform valued at around $1 billion; Berkshire Partners will be majority owner and The Vistria Group will hold a minority stake.

• Permira acquired Encore Fire Protection, a Northeast and Mid-Atlantic fire protection services provider, from Levine Leichtman Capital Partners.

• Bregal Milestone acquired Ridango, an Estonian provider of public transportation software, from BaltCap.

• Forward Consumer Partners acquired SerVaas Laboratories, the Indianapolis-based maker of Bar Keepers Friend cleaning products.

• E3Tech acquired Sylvan, a Michigan-based industrial services contractor, from Blue Point Capital Partners, with Blue Point maintaining a rollover investment.

• Steliau Technology, an Astorg-owned French electronic components maker, acquired UX Gruppe, a German engineering and manufacturing services provider.

• Regent agreed to acquire Foundry, the publisher of PCWorld and Macworld, from Blackstone portfolio company IDG.

• Crédit Mutuel of France agreed to acquire Oldenburgische Landesbank (OLB), a German regional lender, from Apollo Global Management for more than €1.8 billion.

• Wabtec Corporation (NYSE: WAB) agreed to acquire Dellner Couplers, a maker of passenger train connection systems, from EQT for $960 million in cash.

• Carlyle Group is seeking a buyer for SierraCol, a Colombian oil producer that could fetch around $1.5 billion, per Reuters.

• Axel Springer, the KKR-backed German media group, is considering a sale of its Awin affiliate marketing unit, which could be worth around €400 million, per Reuters.

• Intermediate Capital Group is preparing to sell PSB Academy, a Singaporean private education group with over 20,000 students per year, which could fetch around $525 million, per the WSJ.

• ZF Friedrichshafen is exploring the sale of its airbags and seat belt business, attracting interest from automotive supplier Adient, American Industrial Partners, and FountainVest Partners, in an asset that could be worth several billion euros, per Bloomberg.

• Kraken is nearing a $1.5 billion acquisition of NinjaTrader, a Chicago-based retail futures trading platform owned by Long Ridge Equity Partners, per the WSJ.

• Ardian is in advanced talks to acquire French renewables firm Akuo from Intermediate Capital Group for around €1 billion, per Bloomberg.

• General Atlantic is in talks to acquire a 10 percent stake in ProSiebenSat.1 Media, exchanging its minority interests in NuCom and ParshipMeet Group, per Bloomberg.

• Verisure, a Swiss security solutions provider owned by Hellman & Friedman, has hired Goldman Sachs and Morgan Stanley to prepare for an upcoming European IPO.

• TA Associates invested in QIMA, a Hong Kong-based provider of supply chain quality control and compliance solutions.

• Knox Lane invested in Healthcare Experts Squared, a Glenview, Illinois-based education provider for healthcare professionals.

• Bain Capital invested $508 million in Manappuram Finance, a listed Indian non-banking financial company.

• RRJ Capital led a $600 million convertible preferred investment in private jet operator VistaJet, with Andalusian Private Capital also participating.

• Thoma Bravo made a growth investment in PCMI, a Park Ridge, Illinois-based provider of administration software for automotive and consumer finance and insurance products.

• Energean (LSE: ENOG) terminated its proposed $945 million sale of gas-weighted exploration and production assets to Carlyle due to regulatory approval delays.

Portfolio Company Add-Ons

• Advanced Instruments, owned by Patricia Industries, agreed to acquire Nova Biomedical, a Waltham, Mass.-based maker of analytical testing instruments, for $2.2 billion.

• Paratek Pharmaceuticals, a portfolio company of Gurnet Point Capital and Novo Holdings, agreed to acquire Optinose (Nasdaq: OPTN), a biotech focused on chronic rhinosinusitis, for up to $330 million.

• Perforce Software, a portfolio company of Clearlake Capital and Francisco Partners, acquired Snowtrack, a Canadian version control client for digital artists and designers.

• Systems Planning & Analysis, an Arlington Capital Partners portfolio company, acquired Intrepid, a Huntsville, Alabama-based engineering firm focused on federal government customers.

• Qualified Digital, a Berkeley-based digital consultancy backed by Stella Point Capital, acquired Xpediant Digital, a Houston-based content creation platform for pharma and life sciences.

• Scale Microgrids, an EQT portfolio company, acquired a 9.6-MW combined heat and power fuel cell project in Bridgeport, Connecticut, from NuPower.

• TerraVest Industries (TSX: TVK), a portfolio company of American Industrial Partners, acquired EnTrans International, a manufacturer of tank trailers and transportation solutions, for $546 million.

• RealTruck, a portfolio company of L Catterton, acquired automotive accessories manufacturer Dealer Products Holdings from Kinderhook Industries.

• WHP Global, a brand management firm backed by Oaktree Capital Management and Ares Management, offered to take apparel retailer Guess (NYSE: GES) private for $770 million, or $13 per share.

• Husky Technologies, a Platinum Equity-backed Canadian injection molding company, acquired secondary injection unit and rotary platen technologies from MGS Healthcare Manufacturing.

• The Kenan Advantage Group, a portfolio company of OMERS Private Equity, acquired Evergreen Transport, an Alabama-based dry bulk materials transportation provider serving the Southeastern U.S.

• JSI, a portfolio company of Stone-Goff Partners, acquired LogicomUSA, a Huntsville-based provider of communications services to broadband providers and electric cooperatives.

Tech, Vertical SaaS, & Misc. Enterprise

• Cognition AI, developer of coding assistant Devin, raised hundreds of millions of dollars in new funding led by 8VC at a valuation of $4 billion, with participation from Founders Fund, Khosla Ventures, and Conviction Partners.

• Nerdio, a cloud automation platform for IT management, raised $500 million in Series C funding led by General Atlantic, with participation from Lead Edge Capital and StepStone, valuing the company at over $1 billion.

• Dataminr, an AI platform for detecting events and risks, raised $85 million in new funding from NightDragon and HSBC through a combination of convertible financing and credit.

• Graphite, a code review platform, raised $52 million in Series B funding led by Accel, with participation from Anthropic's Anthology Fund, Menlo Ventures, Shopify Ventures, Figma Ventures, Andreessen Horowitz, and The General Partnership.

• Evroc, a Swedish cloud infrastructure company focused on European data sovereignty, raised €50.6 million in Series A funding led by blisce/, with participation from Giant Ventures, EQT Ventures, and Norrsken VC.

• GrubMarket, a B2B food supply chain marketplace, raised $50 million in Series G funding from 3Spoke Capital, Liberty Street Funds, ROC Venture Group, Portfolia, Pegasus Tech Ventures, and Joseph Stone Capital at a post-money valuation of $3.5 billion.

• Norm AI, a regulatory compliance automation platform, raised $48 million in Series A funding led by Coatue, with participation from Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, and TIAA Ventures.

• Inn-Flow, a Raleigh-based hotel management and accounting software provider, raised $45 million in Series A funding from Mainsail Partners.

• Cape, a Washington DC-based privacy-focused mobile carrier, raised $30 million in Series B extension funding, split between $15 million in equity from A*, Costanoa, Point72, and XYZ Ventures, and a $15 million debt facility from Silicon Valley Bank.

• Buynomics, a pricing and revenue optimization platform, raised €27.5 million in Series B funding led by Forestay Capital, with participation from Anais Ventures, VI Partners, Insight Partners, Seedcamp, DvH Ventures, and Tomahawk Ventures.

• Augment, an AI platform for the freight logistics industry, raised $25 million in seed funding led by 8VC.

• Rerun, a Stockholm-based developer of data tools for physical AI, raised $17 million in Series A funding led by Point Nine, with participation from Sunflower Capital, Costanoa Ventures, and Seedcamp.

• TurinTech, a London-based AI code optimization platform, raised $15 million in Series A funding led by Oxford Capital, with participation from Circle Rock and IQ Capital.

• Gradial, a Seattle-based AI startup that automates marketing content for enterprises, raised $13 million in Series A funding led by Madrona, with participation from Pruven Capital, General Advance, Outsiders Fund, and DLA Piper.

• Arcade.dev, a platform for secure AI agent authentication and integration, raised $12 million in seed funding led by Laude Ventures, with participation from Flybridge Ventures, Hanabi Capital, and Neotribe.

• VulnCheck, an exploit intelligence company, raised $12 million in Series A funding led by Ten Eleven Ventures, with participation from Sorenson Capital and In-Q-Tel.

• Kosli, a Norwegian software delivery governance platform, raised $10 million in Series A funding co-led by Deutsche Bank's Corporate Venture Capital group and Heavybit, with participation from Defined Capital and Transpose Platform.

• Tera AI, a startup developing navigation software for autonomous robots, raised $7.8 million in seed funding co-led by Felicis and Inovia Capital, with participation from Caltech + Wilson Hill.

• Pluralis Research, a Melbourne-based company developing open-source AI via decentralized methods, raised $7.6 million in seed funding co-led by USV and CoinFund, with participation from Topology, Variant, Eden Block, and Bodhi Ventures.

• Kaiko Systems, a Berlin-based maritime operations platform, raised €6 million in Series A funding co-led by Hi inov and Flashpoint Venture Growth, with participation from Motion Ventures.

• Aletiq, a French industrial product lifecycle management software provider, raised €6 million in Series A funding led by Point Nine, with participation from Entropy Industrial and Angel Invest.

• Orion Security, an AI platform that prevents data exfiltration, raised $6 million in seed funding co-led by Pico Partners and FXP, with participation from Underscore VC.

• Spangle, a platform that creates personalized landing pages to improve e-commerce conversion rates, raised $6 million in seed funding co-led by Madrona Ventures and Streamlined Ventures.

• Occuspace, a Westlake Village-based platform that tracks building occupancy, raised $6 million in Series A funding led by Lewis & Clark Ventures, with participation from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures.

• Leta, a Kenyan logistics tech startup optimizing business logistics, raised $5 million in seed funding led by Speedinvest, with participation from Google's Africa Investment Fund and Equator VC.

• Entegrata, a legal data analytics platform for law firms, raised $4.5 million in seed funding led by Chicago Ventures, with participation from OnDean Forward and The LegalTech Fund.

• ResiQuant, a property intelligence platform for insurers assessing catastrophe risks, raised $4 million in seed funding led by LDV Capital, with participation from Foothill Ventures, Pear VC, and Alumni Ventures.

• Agentic Marketing Technologies, an AI platform that automates influencer marketing campaigns, raised $3.5 million in seed funding led by NFX.

• PeopleIX, a Cologne-based people intelligence platform that integrates HR data across systems, raised €2.3 million in pre-seed funding led by Earlybird-X, with participation from neoteq ventures, TS Ventures.

• 2X, a B2B marketing-as-a-service provider, received a strategic secondary investment from Insight Partners, less than two years after initial backing from Recognize.

Fintech

• RedotPay, a Hong Kong-based crypto payment platform, raised $40 million in Series A funding led by Lightspeed, with participation from HSG, Galaxy Ventures, DST Global Partners, Accel, and Vertex Ventures.

• NymCard, a UAE-based embedded finance platform, raised $33 million in Series B funding led by QED Investors, with participation from Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, FJLabs, Shorooq, Endeavor, and Oraseya Capital.

• Crossmint, a platform for building blockchain applications, raised $23.6 million in Series A funding led by Ribbit Capital, with participation from Franklin Templeton, NYCA, First Round, Lightspeed Faction, and HF0.

• Multiply Mortgage, a Denver-based employee mortgage benefits provider, raised $23.5 million in Series A funding led by Kleiner Perkins, with participation from A*, BoxGroup, Mischief, and Workshop.

• Halliday, a blockchain payments startup that simplifies smart contract workflows using AI, raised $20 million in Series A funding led by Andreessen Horowitz's crypto arm (a16z crypto), with participation from Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer.

• Utila, a secure digital asset wallet platform for institutions, raised $18 million in Series A funding led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners.

• Privy, a crypto wallet API provider for developers, raised $15 million in Series A funding led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, BlueYard, and Coinbase.

• ClearGrid, a Dubai-based debt collection platform, raised $10 million across pre-seed and seed funding rounds co-led by Raed Ventures, Beco Capital, and Nuwa Capital, with participation from Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst, and Wamda Capital.

• Yeet, a cryptocurrency gambling platform, raised $7.75 million in seed funding led by Dragonfly, with participation from Primitive Crypto and Mirana.

• Manifest, a NYC-based protocol that tokenizes U.S. private equity real estate, raised $2.5 million in pre-seed funding co-led by VanEck Ventures and Lattice Fund, with participation from Compound and SALT.

• Qlarifi, a platform aggregating Buy Now, Pay Later credit data for lenders, raised £1.4 million in pre-seed funding from HoneyComb Asset Management and Carthona Capital.

Consumer & Media

• PhilosopherKing, a gaming platform that adapts narratives to player decisions, raised $3 million in seed funding co-led by 468 Capital and 212.

Healthcare

• Latigo Biotherapeutics, a clinical-stage biotech developing non-opioid treatments that target pain at its source, raised $150 million in Series B funding led by Blue Owl Capital, with participation from Deep Track Capital, Access Biotechnology, Qatar Investment Authority, Cormorant Asset Management, Sanofi Ventures, Rock Springs Capital, UPMC Enterprises, Kern Capital, Westlake Village BioPartners, Foresite Capital, 5AM Ventures, and Alexandria Venture Investments.

• Arbor Biotechnologies, a developer of gene editing therapeutics for liver and CNS diseases, raised $73.9 million in Series C funding co-led by ARCH Venture Partners and TCGX, with participation from QIA, Partners Investment, Revelation Partners, Kerna Ventures, abrdn, Ally Bridge Group, Arrowmark Partners, Deep Track Capital, Piper Heartland Healthcare Capital, Surveyor Capital, Temasek, T. Rowe Price Associates, and Vertex Pharmaceuticals.

• Maxion Therapeutics, a developer of antibody therapeutics for ion channel and GPCR-driven diseases, raised $72 million in Series A funding led by General Catalyst, with participation from British Patient Capital, Solasta Ventures, Eli Lilly and Company, LifeArc Ventures, Monograph Capital, and BGF.

• Ampersand Biomedicines, a developer of targeted biologic medicines that act only at disease sites, raised $65 million in Series B funding from Flagship Pioneering, Eli Lilly & Company, and several additional investors.

• MicroTransponder, a maker of FDA-approved neurostimulation devices for stroke rehabilitation, raised $65 million in Series F funding led by US Venture Partners, with participation from Osage University Partners, Action Potential Venture Capital, GPG Ventures, The Vertical Group, Exceller Hunt Ventures, Gilde Healthcare, and Longitude Capital.

• Proscia, an AI-powered digital pathology software company, raised $50 million in Series C funding led by Insight Partners, with participation from AI Capital Partners, Triangle Peak Partners, Avenue Venture Opportunities Fund, Emerald Development Managers, GPG Healthcare, Fusion Fund, Interwoven Ventures, and Razor's Edge.

• Inspiren, an AI platform for senior living care, raised $35 million in Series A funding led by Avenir, with participation from Primary Venture Partners, Story Ventures, Third Prime, and Studio VC.

• Jutro Medical, a Poland-based primary care provider combining digital and in-person healthcare services, raised €12 million in Series A funding led by KAYA VC and RIO ASI, with participation from Inovo VC and a debt component from mBank.

• brain.space, a neurotechnology startup providing brain data for AI applications, raised $11 million in Series A funding led by Toyota Ventures, with participation from Mangrove Capital Partners and The Group Ventures.

• Eventum Orthopaedics, a UK-based developer of knee replacement surgery devices, raised £3.8 million in Series A funding led by NPIF II - Mercia Equity Finance, with participation from Mercia's EIS funds.

• Vibrant, a platform for longevity medicine practices, raised $1.7 million in pre-seed funding from Anthemis Group, Emerson Collective, and Lombardstreet Ventures.

Industrials, Greentech, & Other

• Apptronik, a humanoid robotics company for manufacturing and logistics applications, raised $403 million in Series A funding led by B Capital and Capital Factory, with participation from Google, Mercedes-Benz, Japan Post Capital, ARK Invest, Helium-3, Magnetar, RyderVentures, and Korea Investment Partners.

• Kela Technologies, an Israeli company that integrates commercial technologies into military systems, raised $39 million across an $11 million Seed round led by Sequoia Capital and a $28 million Series A round led by Lux Capital, with participation from In-Q-Tel.

• Coreshell, a company developing silicon-based anodes for EV batteries, raised $24 million in Series A2 funding co-led by Ferroglobe and Zeon Ventures, with participation from Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdale Ventures, and Asymmetry Ventures.

• SkySpecs, a company using drones and software to monitor renewable energy assets, raised $20 million in growth funding led by Goldman Sachs Alternatives, with participation from Statkraft and Equinor Ventures.

• C1 Green Chemicals, a Berlin-based company developing green methanol catalysis technology, raised €15 million in Series A funding led by denkapparat, with participation from Planet A Ventures, Maersk Growth, and SquareOne.

• theion, a Berlin-based crystal sulfur battery technology company, raised €15 million ($16.4 million) in Series A funding led by Team Global, with participation from Geschwister Oetker Beteiligungen and Enpal.

• Seadronix, a South Korean autonomous ship navigation company, raised $11.3 million in Series B funding led by LB Investment and KB Investment, with participation from Korea Development Bank, Wonik Investment Partners, and Lighthouse Combined Investment.

• Novatron Fusion Group, a Swedish fusion energy startup developing magnetic mirror reactor technology, raised €10 million in Series A1 funding led by St1, with participation from TomEnterprise, Unit E Limited, Axon Partners Group, Climentum Capital, Santander InnoEnergy Fund, Granitor, and Industrifonden.

• 257, an AI company creating energy management models for residential homes, raised $9.2 million in seed funding led by F2 Venture Capital.

• PulseTrain, a Munich-based company developing technology to extend EV battery life by up to 80 percent, raised €6.1 million in seed funding co-led by Vsquared Ventures and Planet A Ventures, with participation from Climate Club.

• Resilco, an Italian startup that converts industrial waste into construction materials with CO2 storage capabilities, raised €5 million in Series A funding led by 360 Capital through its ClimateTech fund 360 LIFE II, with participation from CDP Venture Capital, Tech4Planet, and Parallel Fund LV 360.

• Noble Gas Systems, a Wixom, Michigan-based developer of high-pressure hydrogen gas storage vessels, raised $4.2 million in Series B funding led by AP Ventures, with participation from ALIAD (Air Liquide Venture Capital) and NOVA by Saint-Gobain.

• Capalo AI, a Helsinki-based virtual power plant platform for energy storage optimization, raised €3.8 million in seed funding led by VentureFriends and PROfounders, with participation from Inventure and Innovestor.

• BlueShift, a Boston-based startup that extracts minerals from industrial waste while removing CO2 from seawater, raised $2.1 million in pre-seed funding from ConocoPhillips Company, Ridgeline, and Massachusetts Clean Energy Center.

• Evera, a Paris-based EV subscription service for businesses, raised €2 million in funding from Groupe Magellim and Newfund NAEH Innopy, with participation from MCapital, AstoryaVC.

• Morgan Stanley Infrastructure Partners raised $4.1 billion for its fourth North Haven Infrastructure Partners fund.

• Andreessen Horowitz is raising its fifth bio-focused fund with a $750 million target, around half the size of its 2022 predecessor.

• Weatherford Capital raised $300 million for its second fund.

• Carr's Hill Partners, led by former Bernhard Capital executive David de Lauréal, raised $210 million for its debut fund focused on industrial services, exceeding its $175 million target.

• SemperVirens raised $177 million for venture investments in healthcare and workforce technology.

• Susa Ventures raised $175 million for its fifth seed-stage fund.

• Sofinnova Partners raised €165 million for its Biovelocita II fund, a Europe-focused biotech acceleration vehicle.

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