Fundraising

Fund II will invest in later stage companies in healthcare services, technology and medical devices with significant growth potential.

Ardian Expansion Fund V LPs also included several managers of the fund family's portfolio companies, representing about 5 percent of total capital. 

Greenfield Partners became independent earlier this year, though continues to collaborate with TPG Growth on selected investments.

Stellex focuses on investments in manufacturing and service businesses in sectors like automotive, aerospace, building products, consumer, defense, food, general industrial and transportation. 

StoneBridge, with capital commitments from sources including MPT and Oaktree Capital Management, may put in an offer for a distressed hospital as soon as this week.

Summit Partners also hired Melanie Whelan as a managing director focused on high-growth consumer and technology-enabled services. Whelan previously worked as CEO of SoulCycle.

Sherpa Special Situations III plans to make between eight and 10 investments, making equity investments of between €10 million and €25 million.

Led by Scott Graves, the Special Opportunities team includes partners Craig Snyder and Aaron Rosen.

Auda Capital VIII focuses on primaries, secondaries and co-investments in small and mid-cap private equity in Asia, Europe and U.S.

The majority of the fund's capital came from returning investors. Sterling Group focuses on corporate carve-outs and family businesses.