Funds
Siparex closes €120m midcap fund
French GP Siparex has held an interim close for the Siparex Midcap II vehicle on its €120m target.
Ned Dorbin joins Business Growth Fund
The Business Growth Fund (BGF) expanded its regional team for the South West and South Wales with the appointment of Ned Dorbin as senior investment manager.
EBRD launches €100m technology venture fund
The European Bank for Reconstruction and Development (EBRD) has launched a venture capital programme for the technology sector.
SEP and SSE launch £95m green energy fund
Scottish Equity Partners (SEP) has launched a new secondaries fund and has acquired the alternative energy portfolio of Scottish and Southern Energy (SSE).
Access Capital Partners closes fund on €500m
Access Capital Partners has held a final close of its fifth European small- and mid-market fund-of-funds, Access Capital Fund V Growth Buy-out Europe (ACF V), on €500m – above its initial target of €350m.
Summit Partners holds final closing of venture fund on $520m
Summit Partners has announced the final closing of the Summit Partners Venture Capital Fund III on $520m.
Summit Partners' eighth fund closes on $2.7bn
Summit Partners has announced the final closing of Summit Partners Growth Equity Fund VIII on $2.7bn.
Partech announces first close on €100m
Partech Ventures has announced the first close of its new venture fund Partech International VI on €100m.
Sunstone holds first close on €85m
Sunstone Capital has held a first close of its third technology ventures fund, Sunstone Technology Ventures Fund III, on €85m.
Falling listed fund valuations hint at secondaries boom in 2012
Listed private equity funds are suffering from lower valuations in 2011. This is likely to have broader implications for investors in private equity funds looking to divest, and the secondary specialists hungry for deals. Diana Petrowicz investigates.
Bridges Ventures holds first close on £72m
Bridges Ventures has held its first close of its sixth fund, Bridges Ventures Fund III, on £72m. Fund III is expected to grow substantially over the next 12 months.
Forbion closes second FCF 1 Co-Investment Fund at $50m
Forbion Capital Partners has a held first and final closing of its second FCF 1 Co-Investment Fund.
EMBL II holds first close on €40m
EMBL Ventures has held a first close of its second fund, EMBL Technology Fund II (ETF II), on €40m.
CDB names Permira its latest strategic partner
Permira has signed a memorandum of understanding with CDB Capital to become the Chinese Development Bank’s sole European private equity partner. Kimberly Romaine reports
Perusa Partners closes second fund on €207m
Perusa Partners Fund 2 has held its first and final close on €207m.
Credit Agricole Private Equity raises cleantech fund
Credit Agricole Private Equity has raised €120m for its Capenergie II Renewable Energy Fund.
HitecVision VI closes at $1.5bn hard-cap
HitecVision VI has closed at its $1.5bn hard-cap, making it Norway's largest buyout fund to date.
Dunedin refocuses trust for direct investments
Dunedin Enterprise Investment Trust has voted to change its focus to direct buyout investments, rather than third party funds.
Up to half of FoFs to disappear
Consolidation is hotting up. But not all are created equal and as some outfits vanish, others will emerge. Kimberly Romaine reports.
New corporate venture fund launched in France
French corporations SNCF, Orange, PSA Peugeot Citroën and Total have launched the €30m Ecomobilité Ventures vehicle.
Could corporates turn their backs on venture?
As difficult economic conditions hit financial and corporate investors alike, some large corporates may be tempted to neglect their venture arms. But this could prove disastrous for investee companies that need support.
Bencis raises €408m for fourth buyout fund
Bencis Capital's latest fund has closed at €8m above target.
Neuberger Berman raises $720m
Investment management firm Neuberger Berman Group has announced the raise of $720m for the NB Crossroads 2010 fund-of-funds.
Dutch province launches cleantech fund
The Overijssel province in The Netherlands has launched a fund focusing on sustainable energy investments.