Capturing sets of ordinals by normal ultrapowers

We investigate the extent to which ultrapowers by normal measures on $\kappa$ can be correct about powersets $\mathcal{P}(\lambda)$ for $\lambda>\kappa$. We consider two versions of this questions, the capturing property $\mathrm{CP}(\kappa,\lambda)$ and the local capturing property $\mathrm{LCP}(\kappa,\lambda)$. $\mathrm{CP}(\kappa,\lambda)$ holds if there is an ultrapower by a normal measure on $\kappa$ which correctly computes $\mathcal{P}(\lambda)$. $\mathrm{LCP}(\kappa,\lambda)$ is a weakening of $\mathrm{CP}(\kappa,\lambda)$ which holds if every subset of $\lambda$ is contained in some ultrapower by a normal measure on $\kappa$. After examining the basic properties of these two notions, we identify the exact consistency strength of $\mathrm{LCP}(\kappa,\kappa^+)$. Building on results of Cummings, who determined the exact consistency strength of $\mathrm{CP}(\kappa,\kappa^+)$, and using a forcing due to Apter and Shelah, we show that $\mathrm{CP}(\kappa,\lambda)$ can hold at the least measurable cardinal.