Funds
Giza Venture Capital closes Polish fund
Israel-based Giza Venture Capital has closed its Giza Polish Ventures fund on $30m, according to recent media reports.
Russia seeks private equity partners
The Russian government is said to be seeking global private equity partners in a $10bn fund aimed at attracting international money into the country, with Apollo, Carlyle and Blackstone all believed to have been approached.
French retail funds: Feeling the strain
FCPI and FIP retail vehicles have been a major source of funding for innovative French SMEs in recent years. But according to a study carried out by French trade body AFIC, these funds attracted fewer commitments in 2010. Is a tougher economic environment...
KKR appoints European head of special situations
KKR has appointed Mubashir Mukadam as its European head of special situations.
BlackBerry Partners Fund II to launch in June 2011
BlackBerry Partners Fund will launch its second fund, BlackBerry Partners Fund II, in June 2011.
Gores Group closes fund on $2bn
Los Angeles-based private equity investment firm The Gores Group has closed its third fund, Gores Capital Partners III, with capital commitments of $2bn. It exceeds the vehicleтs $1.5bn target by 30%.
21 Partners closes fourth fund on €380m
21 Partners has held the final close of 21 Centrale Partners IV on €380m, according to media reports.
Tagua Capital is launched
A new investment fund called Tagua Capital has been launched by former Spanish Prime Minister Felipe Gonzalez.
Institutional cuts to PE: A mixed bag?
On Wednesday, it was reported that CalPERS is looking to sell another $800m of its private equity commitments. The news came the same week that PA SERS announced it was cutting its allocation to private equity to around 15%. This comes after CalPERS sold...
Kernel to manage Bank of Ireland MedTech fund
An Irish seed fund, the тЌ10m Bank of Ireland MedTech Accelerator Fund, has been launched by Kernel Capital.
NVM nears fundraising target
NVM Private Equity looks set to comfortably hit its ТЃ15m top-up target for its oldest VCT vehicle, Northern Venture Trust.
Acuity cedes management of VCTs to Foresight
Management shift is the second example of industry consolidation this year
Industry pushes ahead with fundraisings
Fundraising is surging forwards in early 2011, with a raft of funds launching and reaching closes in the past month. Following news that Blackstone has raised $15bn for one of the largest private equity funds ever seen, how are other players responding...
Blackstone closes BCP VI fund on $15bn
Blackstone Group has announced the final close of its sixth buyout fund, BCP VI, on $15bn.
VCT community attracts two new entrants
Investor demand for tax-efficient vehicles is luring newcomers into the VCT space, with two launched today.
Deutsche Beteiligungs AG raises €170m
Deutsche Beteiligungs AG (DBAG) has raised €170m for its new fund DBAG Expansion Capital. From the money raised, €100m comes from DBAG's balance sheet and €70m from investors commitments.
Spain welcomes Extremadura Avante
The founders of private equity firm Extremadura Avante have applied to Spain’s Comisión Nacional del Mercado de Valores to approve its creation.
Innova buys Provus from Turkven
Innova Capital has acquired 96% of Romanian card processors Provus Services Provider and Romcard. The deal was a secondary buyout from incumbent backer Turkven Private Equity and was funded entirely with equity.
Cipio hits €137m final close for Fund VI
Direct secondaries specialist can now invest in US.
VC Czech-mate
The Czech government is the latest to consider a venture fund to fill an equity gap.
Foresight, Clearwater team up to offer £20m VCT
Foresight Group, an independent alternative asset manager, has teamed up with Clearwater Corporate Finance to launch a ТЃ20m venture capital trust (VCT) to invest in UK businesses seeking under ТЃ10m of capital.
Diana Capital II holds first close on €100m
Spanish private equity firm Diana Capital has held a first closing for its second fund, Diana Capital II, on €100m.
Alcuin announces fund closing on £81m
Alcuin Capital Partners has hold a closing of its Third Alcuin Fund with ТЃ81m commitments. The final closing on the vehicle, which has a target of ТЃ100m, is expected to happen by the end of the first quarter of 2011.
Next Wave closes second fund on £27m
Next Wave Partners has closed its second fund on ТЃ27m, exceeding its initial target.