Funds
ITALY - Arca reaches first closing of third fund on EUR 70m
It is understood that Arca Impresa Gestioni has reached the first closing of its vehicle Arca Impresa TRE on EUR 70m. The fund is targeting targets EUR 200m.
UK/GERMANY - WHEB Ventures reaches £90m third close
WHEB Ventures has achieved a third closing of its second clean technology fund, WHEB Ventures Private Equity 2 LP, at ТЃ90m (EUR 105m).
UK - Sovereign hits first close for £350m fund
Sovereign Capital has held a first close of its third fund, Sovereign Capital Limited Partnership Fund III, at around 40% of its ТЃ350m target. The sizeable first close is already 27% larger than its predecessor, despite today's extremely difficult fundraising...
NETHERLANDS - Holland Venture launches EUR 70m fund
Holland Venture Partners has set up NPE Holland Venture Partners Fund I, a EUR 70m fund sponsored by Natixis Private Equity.
UK - Govt to create £150m fund-of-funds
The UK government has announced plans to create a ТЃ150m fund-of-funds aimed at enhancing the venture capital sector, with the aim of ultimately scaling up the fund to ТЃ1bn.
UK - Kelso to launch new turnaround opportunites fund
London-based Kelso Place Asset Management has announced the launch of The UK Special Situations Fund IV, a new fund for turnaround opportunities in the UK targeting ТЃ75m.
SPAIN - Diana to launch second fund
According to reports Diana Capital is close to launching its second fund, having fully investing its first EUR 70m vehicle.
BELGIUM - Gimv holds second close on EUR 560m
Belgian investor Gimv has reached a second closing of its XL fund on EUR 560m, up from the previous EUR 500m.
EUROPE - Marwyn to launch recovery fund on SFM
Investment and advisory group Marwyn intends to launch a UK-based recovery fund on the Specialist Fund Market (SFM) of the London Stock Exchange, The Marwyn Alternative Capital Fund, which will be aimed at businesses suffering depressed valuations as...
RUSSIA - UFG holds first close of second fund on $150m
UFG Asset Management has held a first closing of its second Russia-focused private equity fund, UFG Private Equity Fund II, on $150m.
UK - Albion Ventures launches £25m share issue for VCT fund
Albion Ventures, formerly Close Ventures before spinning out of Close Brothers in January, intends to launch a new share issue this autumn to raise ТЃ25m for its Albion Development VCT.
EUROPE - Cipio holds first close of Fund VI on EUR 61m
Secondary direct player Cipio Partners has held a first closing of Cipio Partners Fund VI on EUR 61m, targeting EUR 200m.