Fund-of-funds
UK - Govt to create £150m fund-of-funds
The UK government has announced plans to create a £150m fund-of-funds aimed at enhancing the venture capital sector, with the aim of ultimately scaling up the fund to £1bn.
NETHERLANDS - Robeco holds EUR 50m first closing
According to reports, Robeco's EUR 250m Responsible Private Equity Fund II has reached a first closing on EUR 50m.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
ITALY – IDeA II fund-of-funds reaches first closing on EUR 150m
IDeA Capital Funds has held a first close on EUR 150m for IDeA II fund-of-funds.
EUROPE - Osmosis to raise EUR 200m for new fund-of-funds
Reports suggest that newly launched fund-of-funds manager Osmosis Capital is seeking to raise EUR 200m for its inaugral fund, which will target investments into low carbon technology funds.
FRANCE - UI Gestion holds first close of MI 5 on EUR 50m.
UI Gestion has held a EUR 50m first close of its new FCPR fund MI 5.
RUSSIA - Aurora holds first closing of £50m LP fund
Aurora Investment Advisors (AIA), which currently manages the AIM-quoted vehicle Aurora Russia Ltd, has reached an undisclosed first closing of Aurora II LP, a £50m Guernsey-based limited partnership dedicated to investments in Russia.
SPAIN - Arcano launches EUR 200m fund-of-funds
Arcano Private Equity has launched Arcano Earth Fund, a private equity fund-of-funds focusing on clean technologies and renewable energy fund managers around the world, targeting commitments of between EUR 200-250m.
FRANCE - New EUR 300m Government fund to support SMEs
The French Government is set to launch a new EUR 300m fund to invest in fragile French SMEs, with up to EUR 200m to be provided by private investors including AGF and AXA Private Equity.
GLOBAL - Abbott Capital closes sixth fund-of-funds on $1bn
Abbott Capital Management has closed its latest private equity fund-of-funds, ACE VI, on just over $1bn.
GLOBAL - Morgan Stanley raises $1.14bn fund
Morgan Stanley Alternative Investment Partners (AIP), the fund-of-funds division of Morgan Stanley Investment Management, has raised Private Markets Fund IV, a $1.14bn vehicle.
EUROPE/US - Portfolio Advisors closes fifth fund above $1bn
Portfolio Advisors has closed its latest private equity fund-of-funds, Portfolio Advisors Private Equity Fund V, on just over $1bn.