Funds
Lexington to raise $8bn secondaries fund
Secondaries investor Lexington Partners is aiming to raise $8bn for its Lexington Capital Partners VIII fund, which will launch next year.
Capitem holds €20m first close for maiden fund
French private equity house Capitem Partenaires has held a first close for its maiden fund on €20m.
Karmijn Kapitaal nears €50m fund target
Netherlands-based, female-led private equity firm Karmijn Kapitaal has almost reached the €50m target for its maiden fund, Karmijn Kapitaal I, which is due to close next month.
Foresight to raise £200m through Solar Fund float
Foresight Group is to list its Foresight Solar Fund on London Stock Exchange’s main market with plans to raise £200m.
Omnes finalises spinout, secures €70m commitment for new fund
Omnes Capital, the former private equity arm of French bank Crédit Agricole, has started raising its fourth SME-focused fund and is now wholly owned by its management team.
Blackstone credit division closes $5bn fund
GSO Capital Partners, the credit division of Blackstone, has held a final close of its second "rescue" fund on $5bn.
Mandarin Capital announces first close
Sino-Italian investor Mandarin Capital Partners has announced a first close of its second fund on €110.5m.
Octopus launches £50m Titan fundraise
Octopus Investments has launched a £50m fundraise for its Titan Venture Capital Trusts (VCTs).
Mandarin Capital sells IMA
Sino-Italian investor Mandarin Capital Partners has sold its stake in Bologna-based pharmaceutical machinery business IMA Group.
Isai raises €50m for second fund
French VC Isai has held a final close on €50m for its second fund, Isai Expansion.
Adelis Equity hits first close for maiden fund
Stockholm-based Adelis Equity Partners’ maiden fund has hit a first close at €230m following less than six months of fundraising, according to sources close to the situation.
UnternehmerTUM closes first fund on €25m
German VC UnternehmerTUM has closed its maiden fund on €25m after 24 months on the road.
Lack of exits forces Candover to make contingency plans
Without any realisations in the first half of this year and a growing debt burden, listed entity Candover Investments has started to review a range of alternative plans including refinancing existing facilities.
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Texas retirement fund commits €40m to Nordic Capital VIII
The Texas County & District Retirement System (TCDRS) has committed €40m to Nordic Capital's latest vehicle.
Synova smashes £110m fundraise
Synova Capital has closed its second fund on its £110m hard-cap in less than three months.
Avedon holds final close on €190m
Avedon Capital Partners has closed its first independent fund, NIBC Growth Capital II, on €190m after two years on the road.
SS&C GlobeOp opens new Luxembourg office
Connecticut-headquartered fund administrator SS&C GlobeOp has opened a new office in Luxembourg.
EdRip's fourth life sciences fund nears target
Edmond de Rothschild Investment Partners (EdRip) has so far raised €192m for its fourth life sciences fund, BioDiscovery 4, meaning the vehicle is close to reaching its target.
Maven appointed manager of GMLF
Maven Capital Partners has been appointed sole fund manager of the £20m Greater Manchester Loan Fund (GMLF).
German GPs cautious on venture
Kreditanstalt für Wiederaufbau (KfW) and BVK, the German private equity and venture capital association, have published a survey revealing decreased confidence in early-stage investments from local deal-doers in Q2.
Azulis set to hit the road in 2014
French mid-cap GP Azulis Capital is planning to start a new fundraising effort in the first half of 2014. Managing partner Michel Rowan talks to Greg Gille about the upcoming vehicle and the firm’s evolution