Fund-of-funds
DENMARK – Danske PEP IV holds first close on EUR 521m
Danske Private Equity has held a first close of its new fund-of-funds vehicle, Danske Private Equity Partners IV (Danske PEP VI), on EUR 521m.
PORTUGAL - EIF launches dedicated Portugal fund-of-funds
The European Investment Fund, alongside leading Portuguese financial institutions and the Portuguese State, has launched the Portugal Venture Capital Initiative, a EUR 111.3m dedicated fund-of-funds and co-investment programme focused on Portuguese funds...
SPAIN – Ahorro Corporación launches new fund
Ahorro Corporación, grouping several Spanish savings banks, has launched a new fund set to raise between EUR 50-70m to invest in Castilla y León-based companies.
GLOBAL – Morgan Stanley close USD 4bn fund
Morgan Stanley has announced the closing of a USD 4bn private equity fund dedicated to infrastructure projects. The fund far exceeded its initial USD 2.5bn target and is one of the largest infrastructure funds raised to date.
SPAIN – ProA closes EUR 250m maiden fund
ProA Capital has closed its first vehicle, ProA Capital Iberian Buyout Fund I, on EUR 250m. The generalist fund will invest in proprietary buyouts and in sectors yet to be consolidated.
SPAIN – Arcano launches new fund-of-funds
Investment bank Arcano has launched its second fund-of-funds, Global Opportunity Fund, with a target of EUR 250m.
FRANCE – I-Source Gestion closes new fund I-Source 3
I-Source Gestion has closed I-Source 3 on EUR 60m. The fund will be used to continue I-Source’s early-stage venture investments in information and communication technology companies in Western Europe.
Q & A – Funds-of-funds speak out
Christophe Bavière of AGF Private Equity, Vincent Gombault of AXA Private Equity and Dan Kjerulf of Danske Private Equity discuss the funds-of-funds landscape.