Funds
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 £30m venture fund.
Monetising life sciences deals
Life sciences
Beechbrook mezzanine fund hits €67m first close
Northern European investor Beechbrook Capital has raised €67m 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 €500m target.
OCP Special Situations Fund holds first close at £6m
Oakfield Capital Partners (OCP) has held a first close at £6m for its vehicle Oakfield UK Special Situations Fund, targeting £20m.
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 £20m, to follow in the footsteps of its recently closed £30m 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).
A vintage year for the secondaries market
Secondaries
F&C holds €90m first close for fund-of-funds
F&C has held a €90m 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 €135m for its third fund.