Fund-of-funds
Mercer closes Private Investment Partners V on $2.7bn
PIP V consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors
HarbourVest and Vanguard agree strategic partnership
Strategic partnership will see new PE funds raised annually to be accessed by Vanguard clients
Adams Street holds final close for 2019 Global Fund
Adams Street's global programme provides clients exposure to all of its investment strategies
Integra holds third close on €110m for maiden fund
Fund hit its €100m target and the subscription period was extended to mid-2020
Azalea closes Altrium Private Equity Fund I on $650m
Fund-of-funds invests in primary and secondary private equity funds across the US, Europe and Asia
EQ targets first close for two PE funds by January 2020
One fund-of-funds will focus on European primaries, and the other on the secondaries market
CDP, Assofondipensione to launch €1bn fund-of-funds
In addition to a commitment from CDP, the vehicle expects to raise €500m from six Italian pension funds
Mediobanca launches second fund for private clients
Fund expects to raise around €135m and targets a final close before the end of the year
Schroders sets up PE fund for private investors
Investors can gain exposure to the new vehicle with a minimum investment of $50,000
FII holds €200m first close for FoF PE Italia
Cassa Depositi e Prestiti is the fund's anchor investor and has already committed €200m
Altamar near to €450m final close for Galdana Ventures II
Fund is larger than its predecessor, Galdana Ventures I, which closed on €275m in 2016
CDP acquires 70% of Invitalia Ventures to manage FNI
Invitalia will be appointed as fund manager of FNI, which is expected to raise around €1bn
Certior holds €100m close for credit fund-of-funds
Fund was originally registered in Luxembourg in June 2018 and held a first close on €51m
Integra holds second close on €75m for maiden fund
Fund held a first close on €21.5m in Q4 2018 with the backing of a number of entrepreneurs
Hamilton Lane announces final close for co-investment fund
Vehicle was registered as a Delaware LP in October 2017 and held a first close on $755m
Obligo extends life of fund-of-funds
Decision was made following LP approval of a three-year extension at the fund's general meeting
Hamilton Lane, Scala Fund Advisory close club fund on $215m
Concept of the vehicle is to allow Finnish institutions to invest in oversubscribed funds
Sella Venture Partners to launch €150m VC fund-of-funds
Vehicle will make around 20 investments and will target Europe, the US and Israel
Saga closes fund-of-funds on €600m
Vehicle was launched in March 2018 with a €700m target and held a first close on €170m
Dunas Capital hires two for new fund-of-funds
New vehicle, Rainforest Dunas Iberia Fund I, has been registered in Spain and has a target of €100m
BEX closes third fund on $365m
On the market since November 2018, BEX Capital III hit its $280m target in January
BPC wins £250m mandate from NLF
Development marks the first time the BBB-backed firm has raised third-party commitments
Isomer taps existing LPs for new co-investment fund
Fund aims to raise between €50-100m and will seek direct investment opportunities in technology
DeA Capital launches new alternatives fund
Italian manager launches vehicle that will target private equity, private debt and infrastructure
