Funds
Dawn Capital closes second fund on £63m
London-based VC firm Dawn Capital has held the final close of its Dawn Capital II Venture Capital Fund after raising £63m.
CVC to scrap infrastructure fund
Private equity firm CVC Capital Partners has cancelled plans to raise a €2bn infrastructure fund as part of change in its infrastructure investment strategy.
Montana closes debut secondaries fund on €80m
Montana Capital Partners, a firm focusing on the smaller end of the secondaries market, has closed its annual programme on its hard-cap of €80m.
HIG raises €825m in just 3 months
HIG Capital has held a final close of HIG European Capital Partners II on €825m, exceeding the target of around €760m, after just three months on the road.
Idinvest closes debt fund on €281m
Idinvest Partners has announced the final close of its Idinvest Dette Senior debt fund on €281m, surpassing its original €250m target.
Better Capital posts 42% NAV growth
Listed private equity firm Better Capital has posted 42.08% value growth combined NAV and distribution for Fund I.
Erhvervsinvest holds first close on DKK 770m
Erhvervsinvest has held a first close of its third fund, Erhvervsinvest III KS, on DKK 770m.
Tikehau takes 35% stake in Duke Street
Duke Street has sold a 35% stake of itself to Paris-based investment firm Tikehau Group in an effort to boost the firm’s deal-by-deal model.
CVC Credit raises €350m for debt fund
CVC Credit Partners has placed €350m's worth of shares for its listed debt fund, CVC Credit Partners European Opportunities.
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 €150m 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 £100m first close brings it more than halfway to its £180m 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.