Buyout
CapVest launches third fund with €400m target
CapVest has launched its third generalist mid-market fund, CapVest Equity Partners III LP, with a target of €400m.
CataCap hits first close on DKK 500m
Danish GP CataCap has raised DKK 500m at first close for its maiden buyout fund, which is focused on backing local SMEs.
Avallon planning to raise €107m for second fund
Avallon MBO Fund II, which is planning to raise €107m for investing in Eastern European SMEs, has hit a first close after securing a cornerstone investment from the European Bank for Reconstruction and Development (EBRD).
Equistone closes €1.5bn fund
Equistone Partners Europe has closed its first independent fund on €1.5bn, 14 months after its launch in November 2011.
Industries & Finances hits first close for third fund
French buy-and-build specialist Industries & Finances Partenaires (I&F) has held a €60m first close for its third fund, less than six months after launch.
Dunedin hits £240m for first close
Dunedin has held a stealth first close on £240m for its third buyout fund, indicating its target is comfortably within reach.
Galena Asset Management holds first close on $275m
Trafigura's asset management arm Galena has held a first close of its Private Equity Resource Fund on $275m.
Latour Capital reaches €115m final close
French mid-cap investor Latour Capital - co-founded by former finance minister Alain Madelin - has closed its maiden fund on its €115m hard-cap.
Egeria Private Equity Fund IV closes on €600m
Egeria has held an oversubscribed first and final close for its fourth private equity fund, reaching its hard-cap of €600m.
KBC sells majority of PE portfolio to KeBeK
KBC Private Equity has sold a large part of its portfolio to KeBeK I, a new fund managed by four former KBC employees, including CEO Floris Vansina.
Apollo officially launches new $12bn fund
Global private equity house Apollo Global Management has started marketing its eighth buyout fund with a $12bn target, co-founder Josh Harris announced during a presentation at the Bank of America Merrill Lynch Banking and Financial Services conference...
ADCURAM closes first fund on €150m
ADCURAM Group has held a final close on its maiden fund, amounting to around €150m.
Nordic Capital cuts LBO fund target by 25%
Nordic Capital has told investors it will cut the original €4bn target of its latest leveraged buyout fund by 25%, according to reports.
Baring Vostok raises $1.5bn for fifth fundraising effort
Baring Vostok has held a final close for Baring Vostok Private Equity Fund V LP and Baring Vostok Fund V Supplemental Fund LP, raising a total amount of $1.5bn.
BPE 3 holds first close at €55m
BPE's third fund, BPE 3, has held a first close on €55m.
Montefiore hits €180m target for third fund
French mid-cap GP Montefiore Investment has raised €180m for its third fund and is still raising the vehicle beyond its initial target.
Blackstone closes $2.5bn energy fund
Blackstone has held a final close for its first energy-focused private equity fund, Blackstone Energy Partners (BEP), on $2.5bn.
DN Capital holds first close on €51.5m
DN Capital is reported to have held a first close of DN Capital GVC III on €51.5m.
Apollo looking to raise up to $12bn
Global private equity house Apollo Global Management is planning to raise $10-12bn for its next buyout fund, according to reports.
NorthEdge hits £125m first close
Manchester-based lower mid-market investor NorthEdge Capital has hit a first close on £125m for its maiden fund, according to sources close to the firm.
Competition heats up for German fundraising
Deutsche Beteiligungs AG (DBAG) last week closed Germany’s biggest fund since 2007. While the country’s fundraising environment has been paid little attention in recent years, it has seen as many fund closes in 2012 as the UK. John Bakie investigates
Main Capital holds €12m first close for third fund
Main Capital Partners has held a €12m first close for its Main Capital III fund, launched in September 2011.
DBAG VI hits €700m hard cap
Deutsche Beteiligungs AG (DBAG) has closed its sixth fund at €700m, breaking its target and reaching its hard cap.
Inflexion closes £100m co-investment fund
Inflexion Private Equity has closed its 2012 Co-Investment Fund on its £100m hard cap, six weeks after sending out PPMs.