Apiary bought a majority stake in TAG for £18m in July, marking the first investment from its debut fund which closed in the same month at £200m.
Marondo Small-Cap Growth Fund I, which is targeting €175m, will invest between €5m to €15m in small-cap, high-growth technology companies.
Heyworth joins as head of finance from Investec where he was group financial controller.
Polish Enterprise Fund VIII, which closed at €498m last year, will acquire a 38 per cent stake in Polish insurance multiagency Unilink.
Atlas Merchant Capital and Edmond de Rothschild Equity Strategies will take minority stakes of 19.7 per cent and 8 per cent respectively.
Idinvest Partners is targeting a €300m final close for Idinvest Digital Fund III. The firm raised €154m for its second digital fund in 2015.
Gilde has bought its stake in Esdec, which develops, produces and delivers structures to hold solar panels, from Dolfin Capital and Holland Venture.
Inflexion portfolio companies ProLabs and AddOn Computer Peripherals have joined up to form Halo Technology, a global vendor of optical transceivers.
The deal values Refresco at a 41 per cent premium to its closing price before PAI's interest was made public, and gives Refresco a €3.3bn enterprise value.
Riverside has sold the German cycling retailer after less than three years.