Funds
TEP seeks €100m for new fund
Time Equity Partners (TEP) has launched its second venture capital fund and is seeking to raise €100m, having already collected two thirds of its target, according to reports in the French press.
Better Capital raises £185.6m
Better Capital has raised £185.6m via a share issuance for the firm’s 2012 Cell, listed on the main market of the London Stock Exchange.
Switzerland to increase start-up support via new fund-of-funds
The Swiss Private Equity & Corporate Finance Association (Seca) has teamed up with Swiss investment platform CTI Invest to set up a CHF 500m fund-of-funds to support local start-ups.
Riverstone Holdings to float energy vehicle
Energy-focused private equity firm Riverstone Holdings is to float its latest energy vehicle in London, according to reports.
GSK launches $50m venture capital fund
GlaxoSmithKline (GSK) has launched a $50m strategic venture capital fund, Action Potential Venture Capital (APVC), to make investments in the biotech and bioelectric medicines industries.
Glennmont holds first close on €200m
Glennmont has held the first close of its second fund, Glennmont Clean Energy Fund Europe II, on €200m.
CapMan holds second close, appoints new CEO
Listed entity CapMan has reached a second close on €206m for CapMan Buyout X, posted €4.3m in net profits and appointed Heikki Westerlund as new CEO.
Target Partners appoints Michael Kowalzik
Michael Kowalzik, Target Partners
TDR holds €900m first close for third fund
TDR Capital has held the first close of its third fund, TDR III, on approximately €900m after starting the fundraising process in December last year.
European venture: patience rewarded
Patience rewarded
Q&A: Partech's Gabriel Matuschka
Q&A: Partech International
Earlybird closes fourth fund on €150m
Earlybird Venture Capital has held the final close of its fourth fund, Earlybird 2012 Fund, on €150m ($200m).
Direct secondaries set to peak in 2017
The volume of the direct secondaries market has already doubled in the last year and is set to continue expanding rapidly, according to recent research by placement agent Triago.
Austrian politician praises mezzanine to support SMEs
Sonja Zwazl, president of the federal economic chamber of lower Austria, has called for more mezzanine financing to support local SMEs, according to local press reports.
Bridgepoint asks for extension on 2008 fund
Bridgepoint has asked investors in the €4.8bn Bridgepoint Europe IV (BE IV) vehicle for a 12-month extension of the fund’s investment period, which was due to end in November this year.
Strong branding boosts dealflow
A new study has revealed that 88% of CEOs believe a strong venture capital brand helps to attract entrepreneurs and improves dealflow.
Invision reaches €285m hard-cap
Swiss GP Invision Private Equity has exceeded its €250m target, closing its fifth fund on €285m.
N+1 raises €100m for latest fund
Spanish investor N+1 has held a €100m first close for QMC II Iberian Capital Fund.
Dunedin fund surpasses target to reach £300m final close
Dunedin has closed its latest vehicle on £300m, comfortably surpassing its £250m target.
Funds-of-funds falling out of favour?
Funds-of-funds
Herkules nears first close for latest fund
Herkules Capital is believed to be approaching a first close for its latest fund.
Amadeus fund hits $75m first close
Amadeus Capital Partners has received a $75m commitment from South Africa-based telco business MTN Group towards its Amadeus IV Digital Prosperity Fund.
Palatine closes second fund on £150m
Manchester-based Palatine Private Equity has held a final close for its second fund on its £150m hard-cap.