Buyout
EUROPE - Candover downsizes fund
UK buyout house Candover has become to latest large-cap investor group to succumb to the pressures facing firms at the top of the market by announcing a reduction in the size of its latest fund.
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
UK - Matrix launches new VCT fundraising
Matrix Private Equity Partners has launched a further share offer for the Matrix Income & Growth 2 VCT (MIG 2).
UK - M2M Management launches $400m fund
Shipping investment group M2M Management has launched Global Maritime Assets (GMA), a $400m private equity fund focusing on the acquisition of shipping vessels.
ITALY - PM&Partners closes second fund on EUR 340m
PM&Partners has closed its second fund on EUR 340m, EUR 40m above its initial target.
FINLAND - CapMan holds first close on EUR 203m
Capman has held a first closing of its ninth buyout fund on EUR 203m, not final as accidentally reported yesterday on unquote.
BELGIUM - Gimv holds EUR 500m first close
G imv has held a first closing of its new XL fund on EUR 500m.
UK/US - Accel raises more than $1bn
Global venture capital firm Accel Partners has closed two news funds, Accel London III and Accel Growth Fund, on $480m and $525m respectively.
UK - ECI closes ninth fund on £430m
UK mid-market buyout house ECI Partners has held a first and final close of its ninth fund, ECI 9, on £430m just three months after its launch.
DACH - Zurmont Madison raises more than CHF 250m for buyouts
Zurmont Madison Management AG has held a final close of its new fund, Zurmont Madison Private Equity LP, with total commitments of more than CHF 250m, exceeding its original target fund size of CHF 200m.
EUROPE - Oaktree closes on EUR 1.6bn
US-headquartered investor group Oaktree Capital Management has closed OCM European Principal Opportunities Fund II LP, its second European fund dedicated to opportunistic private equity and distress-for-control investments, on around EUR 1.6bn.
SWEDEN - Nordic Capital closes on EUR 4.3bn
Nordic Capital has held a final close of its seventh fund, Nordic Capital VII, having secured EUR 4.3bn in total commitments.