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.

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