Funds
UK- CBPE Capital holds first close for its eighth mid-market fund
CBPE Capital has held its first close for its latest UK mid-market private equity fund on ТЃ270m, with commitments from 17 institutions.
CIS - EBRD may back Dragon's Virgin Fund
The European Bank for Reconstruction & Development (EBRD), the largest investor in Central & Eastern Europe, may invest up to $30m in the Europe Virgin Fund, a vehicle sponsored by Dragon Capital to invest in FMCG, retail, industrials, telecom, media,...
GLOBAL - Abbott Capital closes sixth fund-of-funds on $1bn
Abbott Capital Management has closed its latest private equity fund-of-funds, ACE VI, on just over $1bn.
NORWAY - Energy Ventures secures NOK 85m for top-up fund
Norwegian venture capital firm Energy Ventures has raised NOK 85m for a top-up fund for its Energy Ventures II KS fund.
DACH – Target Partners II holds final close on EUR 113m
Venture firm Target Partners has conducted the final close of Target Partners Fund II on EUR 113m.
UK - Finance Wales et al. launch £150m fund
Finance Wales plc, the Welsh Assembly Government and the European Investment Bank have launched a new ТЃ150m commercial investment fund to support the growth of businesses in Wales.
GLOBAL - HarbourVest closes secondary fund on $2.9bn
HarbourVest Partners has held a final close of Dover Street VII LP, a global secondary fund, on $2.9bn.
GLOBAL - First Reserve closes Fund XII on $9bn
US-based energy dedicated private equity house First Reserve Corporation has closed its twelth fund just short of $9bn - significantly below its $12bn target. The fund had a previous closing in July 2008.
GLOBAL - Morgan Stanley raises $1.14bn fund
Morgan Stanley Alternative Investment Partners (AIP), the fund-of-funds division of Morgan Stanley Investment Management, has raised Private Markets Fund IV, a $1.14bn vehicle.
EUROPE/US - Portfolio Advisors closes fifth fund above $1bn
Portfolio Advisors has closed its latest private equity fund-of-funds, Portfolio Advisors Private Equity Fund V, on just over $1bn.