Funds
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 £14m in commitments.
Permira holds €2.2bn first close for fifth fund
Permira has raised €2.2bn for its fifth buyout fund so far, just a third of the vehicle’s original €6.5bn 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.
LP interview: The secondaries saga
Founded in 1991, London-based Paul Capital has decades of experience in secondaries and fund-of-funds investments. unquote" talks to secondaries specialist and partner Elaine Small about the drivers behind the market's unprecedented growth.
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.
NorthEdge's maiden fund hits final close
NorthEdge Capital's maiden fund NorthEdge Capital Fund I LP has held a final close on its £225m hard-cap.
Lanxess joins HTGF II investors
German chemicals company Lanxess has invested a low seven-figure sum in venture investor High-Tech Gründerfonds' second fund, raising the vehicle's total commitments to €301.5m.
DPE closes fund II on €350m
Deutsche Private Equity (DPE) has closed its second fund on €350m, alongside a feeder fund.
DPE closes second fund on €350m
Deutsche Private Equity (DPE) has closed its second fund on €350m and acquired its French partner Parcom, according to reports.
MMC Ventures wins tender for £11m fund
MMC Ventures has won a competitive tender to launch the MMC London Fund.
Idea Capital closes energy fund on €100m
Italian private equity investor Idea Capital Funds has held a final close for its Idea Energy Efficiency and Sustainable Growth fund on its €100m target.
CapMan raises €97m for Russia II fund
CapMan has held a first close for its CapMan Russia II (CMR II) fund on €97m.
CGS III closes above target
CGS has closed its third fund on CHF 208m, above its original hard-cap.
Coller names Jones as CEO
Secondaries specialist Coller Capital has named extant deputy CIO Tim Jones as CEO, a new role for the firm. Founder Jeremy Coller becomes executive chairman and will remain CIO.
Spanish government launches €1.2bn fund-of-funds
The Instituto de Crédito Oficial, Spain’s state-owned bank attached to the Ministry of Economic Affairs and Competitiveness, has launched a fund-of-funds holding €1.2bn.
Accel raises $475m for Europe and Israel venture fund
Accel Partners has held a first and final close for its Accel London IV venture vehicle on $475m, after only eight weeks on the road.
Pantheon extends pension fund deal to Europe
Pantheon has received an allocation of capital for private equity investment, managed on behalf of the Illinois Municipal Retirement Fund (IMRF).
Axa PE raises €1.75bn for infrastructure fund
Axa Private Equity has closed its largest ever infrastructure fund on €1.75bn, including €300m of co-investments.