FundWatch Briefing - Feb. 6th, 2026

PRIVATE EQUITY

Otro Capital Fund I closed at $1.2B — New York-based Otro Capital closed the largest first-time dedicated sports buyout fund ever raised globally. The oversubscribed fund targets cash-generating, middle-market sports companies anchored in enduring intellectual property, with LPs including global pension plans, retirement systems, endowments, and family offices. Business Wire has more here.

HighVista Private Equity Fund XI closed at $800M, surpassing its $725M target — Boston-based HighVista Strategies has refined its approach over two decades, investing in small US companies with enterprise values below $150M through primary commitments to specialist sponsors, direct co-investments, and selective lower-middle-market secondary purchases. PR Newswire has more here.

Bayhawk Capital Fund I closed at $616M — Boston-based Bayhawk Capital closed its oversubscribed inaugural fund at its hard cap, surpassing its $475M target. The fund focuses on founder-owned technology and essential services businesses, backed by leading endowments, institutions, and family offices. Kirkland & Ellis has more here.

Mubadala Capital MCCF I closed at $554M — Abu Dhabi-based Mubadala Capital exceeded its $400M target for its inaugural co-investment fund. MCCF I targets direct PE co-investments alongside premier sponsors in financial services, healthcare, software, and education, drawing capital from a geographically diverse LP base spanning North America, Europe, the Middle East, and Asia. Zawya has more here.

CAVU Consumer Partners Fund V closed at $325M — Los Angeles-based CAVU exceeded its $275M target with over 90% of existing LPs re-upping. The fund targets culture-led, better-for-you consumer brands, following marquee 2025 exits including Poppi to PepsiCo and OSEA to General Atlantic. Yahoo Finance has more here.

VENTURE CAPITAL

Voyager Ventures Fund II launched at $275M — San Francisco-based Voyager Ventures targets early-stage climate tech companies modernizing energy, advanced manufacturing, and critical materials across North America and Europe. ESG Today has more here.

2150 Fund II raised €210M for its second climate-focused venture fund — London-based 2150 invests in startups addressing cities' carbon footprint, backed by institutional investors and family funds including Church Pension Group and Danish sovereign fund EIFO. TechCrunch has more here.

SNAK Venture Partners closed its oversubscribed $50M debut fund — New York-based SNAK is anchored by Pritzker Group and focused on B2B vertical marketplaces that haven't yet digitized, planning seed checks of $1–2M across at least 20 companies. TechCrunch has more here.

CREDIT FUNDS

Power Sustainable Infrastructure Credit Fund I announced its final close with over $1B in total capital — Montreal-based Power Sustainable, a subsidiary of Power Corporation of Canada, has completed eight investments across community solar, fiber-to-the-home, data centers, and aerial firefighting in North America. PR Newswire has more here.

Eurazeo & Pantheon Private Debt Continuation Vehicle closed at €480M — Paris-based Eurazeo established the vehicle with Pantheon to hold performing European senior credit assets from its legacy private debt platforms, providing LP liquidity while maintaining asset management continuity. Alternative Credit Investor has more here.

DS2 Capital launched — Charlotte-based DS2 Capital, a new CLO-focused credit firm led by former Redding Ridge CIO Stephen Riddell, launches with institutional backing from Gallatin Point Capital. The firm plans its inaugural CLO in 2026. Amount not yet disclosed. Alternative Credit Investor has more here.

SECONDARIES & GP-STAKES

CAZ GP Stakes Fund launched — Houston-based CAZ Investments, which has deployed over $6B into GP stakes and holds minority ownership in more than 100 private asset managers, launched a registered interval fund offering daily subscriptions and quarterly redemptions. Amount not yet disclosed. PR Newswire has more here.

PICTON Morningside Private Equity Fund launched — Toronto-based PICTON Investments partnered with Morningside Capital to offer Canadian accredited investors access to GP-led secondary investments in mature, high-quality private companies. Amount not yet disclosed. Newswire has more here.

INFRASTRUCTURE

Patrizia/Mitsui Emerging Asia Sustainable Infrastructure Fund launched targeting $300M — Augsburg-based Patrizia and Tokyo-based Mitsui are expanding their 15-year infrastructure partnership into emerging Asia, targeting sustainable infrastructure across Malaysia, the Philippines, Thailand, Vietnam, Indonesia, and India. Infrastructure Investor has more here.