Funds
Merck increases MS Ventures commitment
Merck Group has topped up its strategic venture capital fund MS Ventures with an additional €60m commitment and created an investment affiliate to specifically manage the vehicle.
Foresight launches third Solar EIS fund
Foresight Group has launched its Solar EIS 3 fund, with a target of ТЃ20m, to follow in the footsteps of its recently closed ТЃ30m Solar EIS 2 vehicle.
Swedish venture faces critical funding gap
When it comes to venture capital, opportunities abound in Sweden. Yet, despite the success stories, a critical funding gap threatens the future of the industry. Amy King reports
LBO France to start fundraising after year-long delay
LBO France is seeking around €1bn for its White Knight IX fund, almost a year after it was expected to launch.
Rothschild holds €235m first close for private debt fund
Rothschild's Five Arrows Credit Solutions (Facs), a debt fund focused on the western European mid-market, has held a first close on €235m.
HIG Capital closes credit fund on $1.1bn
Bayside Capital, the credit arm of HIG Capital, has held a final closing of HIG Bayside Loan Opportunity Fund III (Europe).
CIC Mezzanine closes third fund on €165m
CIC Mezzanine has closed its third vehicle, CIC Mezzanine 3, on €165m – comfortably exceeding its €120m target.
Idinvest ups private debt fund in €205m interim close
Idinvest Partners has held an interim close on €205m for its senior debt vehicle Idinvest Dette Senior.
Warburg Pincus Private Equity XI closes on $11.2bn
Global investor Warburg Pincus has held a final close for Warburg Pincus Private Equity XI on $11.2bn.
HIG Capital targets €760m for second Europe fund
HIG Capital has officially launched its second Europe fund, HIG Europe Capital Partners II, with a target of around €760m, according to documents filed with the US's Securities and Exchange Commission (SEC).
F&C holds €90m first close for fund-of-funds
F&C has held a тЌ90m first close for F&C European Capital Partners II, a European mid-market fund-of-funds.
Balderton on the road for fifth fund
Venture firm Balderton Capital has started marketing its new vehicle, according to documents filed with the US's Securities and Exchange Commission (SEC).
Adams Street closes Secondary Fund 5 on $1bn
Adams Street Partners has closed its Global Secondary Fund 5 on its $1bn hard-cap.
Creandum closes Fund III on €135m
Nordic-focused technology VC Creandum has hit тЌ135m for its third fund.
Cerberus closes fifth fund on $2.61bn
Cerberus Capital Management has raised $2.61bn for CIP V, a fund focused on turnarounds and distressed situations, according to reports.
Bridges Ventures launches £14m social impact fund
Bridges Ventures and Big Society Capital have launched the Bridges Social Impact Bond Fund with ТЃ14m in commitments.
Permira holds €2.2bn first close for fifth fund
Permira has raised тЌ2.2bn for its fifth buyout fund so far, just a third of the vehicleтs original тЌ6.5bn target.
Afinum holds final close for fourth buyout fund
Afinum has held a first and final close for its fourth mid-cap buyout fund, Afinum Siebte Beteiligungsgesellschaft mbH & Co KG, on its €280m hard-cap.
Blackstone agrees to buy Strategic Partners from Credit Suisse
Blackstone Group has agreed to acquire Credit Suisse Group AG’s secondary private equity business, Strategic Partners, for an undisclosed price.
Mittel and Roland Berger launch Italian turnaround initiative
Italian investor Mittel Management has announced the launch of a vehicle seeking turnaround opportunities in Italy, in partnership with Roland Berger Strategy Consultants.
Silver Lake closes global tech fund on $10.3bn
Silver Lake Partners has held a final close for its latest large-cap technology investment fund on $10.3bn.
Isai holds second closing on €40m and makes new hire
French VC Isai has held a second closing of its latest growth capital fund Isai Expansion on more than €40m.
HgCapital hits £2bn hard-cap on European buyout fund
HgCapital has held a final closing of its latest fund at its £2bn hard-cap.
Innogest holds first close and strengthens team
Italian VC Innogest has held a first close for its second fund at around €50m and added two new members to its team.