Funds
ITALY - Montezemolo launches EUR 350m second fund
Montezemolo & Partners SGR has launched its second private equity fund, Charme II, which is targeting EUR 350m.
UK - New corporate recovery fund launched
NorthEdge Capital, a new corporate recovery fund targeting distressed businesses, has been launched by four financiers, previously partners at HBOS, PwC and Lloyds TSB Development Capital.
NETHERLANDS - Robeco holds EUR 50m first closing
According to reports, Robeco's EUR 250m Responsible Private Equity Fund II has reached a first closing on EUR 50m.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
EUROPE - KKR writes down value of European fund by half
US buyout house KKR has reportedly written down the value of its second European fund, which includes in its portfolio Alliance Boots, by almost half.
ITALY – IDeA II fund-of-funds reaches first closing on EUR 150m
IDeA Capital Funds has held a first close on EUR 150m for IDeA II fund-of-funds.
NORWAY - Verdane holds first close of new fund on SEK 650m
Secondaries direct specialist Verdane Capital has held a first closing of its seventh fund on around SEK 650m (approximately EUR 63m). The fund's target size is SEK 1-1.5bn.
EUROPE - AnaCap closes second fund on EUR 575m
London-based buyout-house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR 575m, almost twice the size of its predecessor, which closed on EUR 300m in 2006.
CEE - PPF and Generali launch EUR 615m fund
According to reports, Czech investment group PPF and Italian insurer Generali have joined forces to launch PPf Partners, a new EUR 615m private equity fund targeting Central and Eastern Europe.
EUROPE - Osmosis to raise EUR 200m for new fund-of-funds
Reports suggest that newly launched fund-of-funds manager Osmosis Capital is seeking to raise EUR 200m for its inaugral fund, which will target investments into low carbon technology funds.
SPAIN - N+1 decides against distressed fund
N+1 has decided against raising a EUR 300m fund for distressed assets, citing possible conflicts of interest with its corporate finance division.
FRANCE - UI Gestion holds first close of MI 5 on EUR 50m.
UI Gestion has held a EUR 50m first close of its new FCPR fund MI 5.
HUNGARY - Launch of EUR 100m SME fund for CEE
ELAN SBI Capital Partners, an arm of Japanese financial services business SBI, and MFB Invest, the investment banking arm of the Hungarian Development Bank, have launched SBI Europe Fund, a EUR 100m vehicle designed to invest in small- and medium-sized...
UK - Cambridge Discovery Fund raises £1m
The new University of Cambridge Discovery Fund, designed to provide researchers with pre-licence, pre-seed or seed funding for high-tech ventures, has raised ТЃ1m of its ТЃ5m target.
RUSSIA - Aurora holds first closing of £50m LP fund
Aurora Investment Advisors (AIA), which currently manages the AIM-quoted vehicle Aurora Russia Ltd, has reached an undisclosed first closing of Aurora II LP, a £50m Guernsey-based limited partnership dedicated to investments in Russia.
SPAIN - Arcano launches EUR 200m fund-of-funds
Arcano Private Equity has launched Arcano Earth Fund, a private equity fund-of-funds focusing on clean technologies and renewable energy fund managers around the world, targeting commitments of between EUR 200-250m.
EUROPE - Skype founders to raise new venture fund
According to reports, Atominco Ventures, the investment vehicle of Skype co-founders Niklas ZennstrУЖm and Janus Friis, is raising a new USD 266m fund.
FRANCE - CIC Mezzanine closes EUR 107m fund
CIC Mezzanine has closed its second fund on EUR 107m, twice the size of its predecessor.
FRANCE - New EUR 300m Government fund to support SMEs
The French Government is set to launch a new EUR 300m fund to invest in fragile French SMEs, with up to EUR 200m to be provided by private investors including AGF and AXA Private Equity.