Incline, which is based in downtown Pittsburgh, is the region's biggest private equity firm as ranked by capital under management, which was $5.073 billion, according to the List published by the ...

But some say Avenues fell short on academics and its promise of a global campus. Private-equity firms like Blackstone and RedBird bet on star power and high spending by major streaming services.

A new local private equity firm has surpassed its target for its inaugural fund.

Mustafa Siddiqui has founded SQ Capital, which is looking to buy positions in U.S. and Europe-focused middle market funds.