Funds
Aksia targeting €150m for new fund
Italian mid-cap investor Aksia Group has launched its new fund, Aksia Capital IV, with a €150m target.
New VC investor launches in Italy
Programma 101, a venture capital initiative launched by Principia's Andrea di Camillo, has been announced in Italy.
KLS raises €44m towards second Biofund vehicle
Life sciences-focused KLS Partners has held a €44m first close for its sophomore effort, Kurma Biofund II.
France's FSN PME fund capacity axed by quarter
France's state-backed venture fund FSN PME will manage €300m overall, down from the €400m mentioned at the vehicle's launch in 2011.
Capzanine holds final closing on €350m hard-cap
French equity and mezzanine provider Capzanine has held a final closing of Capzanine 3 on its €350m hard-cap.
CIC Mezzanine tops up third fund with extra €15m
French GP CIC Mezzanine is understood to have held a final close for its third fund on €180m, €15m more than the amount announced at the beginning of May.
Vaaka Partners Buyout Fund II holds final close
Vaaka Partners has held a final close for Vaaka Partners Buyout Fund II on its тЌ150m hard-cap.
Cinven tops up fifth buyout fund to €5.3bn
Cinven has held another final close on its fifth European buyout fund on €5.3bn.
Pricing secondaries: complex process or pure guesswork?
Pricing secondaries
EIF and KOSGEB launch €250m Turkish fund-of-funds
The European Investment Fund (EIF) and the Small and Medium Enterprises Development Organisation of Turkey (KOSGEB) have established a Turkey-focused fund-of-funds targeting €250m.
Waiting for the direct lenders
Direct lenders
Axa launches €10m seed fund
French insurer Axa has launched a seed fund, Axa Seed Factory, with a €10m commitment to invest in French start-ups.
August Equity hits £100m first close
August Equity's ТЃ100m first close brings it more than halfway to its ТЃ180m target for Fund III.
The changing face of fund manager selection
GP selection
Enterprise closes Polish Enterprise Fund VII on €314m
CEE-focused GP Enterprise Investors has closed its latest fund, Polish Enterprise Fund VII (PEF VII), on €314m.
Quilvest closes QS PEP 2012 on $150m
Quilvest & Partners has closed its QS PEP 2012 fund-of-funds on $150m, and simultaneously launched its QS PEP Core vehicle with a $400m target.
AFM-Téléthon and FNA launch biotherapy-focused fund
Charity AFM-Téléthon and French state-backed fund-of-funds Fonds National d'Amorçage (FNA) have committed €50m to a new seed fund dedicated to biotherapy and rare diseases research.
Top Technology Ventures launches £30m vehicle
Top Technology Ventures, the venture capital arm of intellectual property firm IP Group, has launched a ТЃ30m venture fund.
Monetising life sciences deals
Life sciences
Beechbrook mezzanine fund hits €67m first close
Northern European investor Beechbrook Capital has raised тЌ67m for its latest mezzanine fund at first close.
Vertis to launch €60m fund
Italian venture capital firm Vertis is to launch a new fund in June 2013.
Turnaround deals hit five-year low
Turnaround deals
BlueBay reaches €800m final close for Direct Lending Fund
BlueBay Asset Management has held a final close for its Direct Lending Fund after exceeding its initial тЌ500m target.
OCP Special Situations Fund holds first close at £6m
Oakfield Capital Partners (OCP) has held a first close at ТЃ6m for its vehicle Oakfield UK Special Situations Fund, targeting ТЃ20m.