Funds
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 vehicle’s $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 €10m 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 £15m 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.
Longbow launches Growth and Income VCT
Longbow Capital has launched a VCT which will invest in life enhancement and wellbeing companies located in the UK.
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 £20m venture capital trust (VCT) to invest in UK businesses seeking under £10m 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 £81m commitments. The final closing on the vehicle, which has a target of £100m, 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 £27m, exceeding its initial target.
Agreement increases Danish venture funding by up to DKK 10bn
An agreement between the Danish government and Danish pension schemes The Danish Insurance Association, ATP and LD may provide up to DKK 10bn additional venture funding.
Holtzbrink Ventures closes its fourth fund on €177m
Holtzbrink Ventures has closed its HV Holtzbrink Ventures Fund IV on €177m, raising capital from both Verlagsgruppe Georg von Holtzbrink and funds managed by HarbourVest Partners, LLC.
Perceva Capital raises €150m
French special situations investor Perceva Capital has raised €150m for its latest fund.
Vendis Capital closes latest fund on €111.5m
Vendis Capital has announced the third and final closing of its Vendis Capital I fund at €111.5m, ahead of its €100m target.