Funds
UK - North-West raises close to £5m
Newcomer North-West Private Equity has held a first closing of its inaugural fund, PHD Equity Partners Fund No 1, just short of ТЃ5m.
ITALY – DGPA launches EUR 100m distressed fund
DGPA SGR has launched a EUR 100m fund aimed at investing in distressed non-listed SMEs in Italy.
FRANCE - LBO France closes one fund and launches two
LBO France has held a final close of its White Knight VIII fund on an undisclosed amount and launched two new vehicles, Hexagone III and Altercap 1, which have targets of EUR 180m and EUR 150m respectively.
UK - Risk Capital closes first fund on £75m
Risk Capital Partners has held a final close of its inaugural institutional fund on ТЃ75m.
UK - New group Rockley launches EUR 100m fund
Rockley Group, a new technology-focused investor founded by two established business angels, has launched its inaugural third party fund, Rockley Follow-On Fund, which will have a target of EUR 100m.
GLOBAL - Blackstone writes down fifth fund by 35%
According to reports, Blackstone Group has written down the value of the portfolio in its $21bn fifth fund, Blackstone Capital Partners V, by 35%.
EUROPE - Index Ventures V closes on EUR 350m
Index Ventures has held a final close of its fifth fund, Index Ventures V, on EUR 350m.
DENMARK - Danske holds second close on EUR 600m
Danish fund-of-funds Danske Private Equity has reached its EUR 600m target in a second close of its new fund, Danske PEP IV.
EUROPE - Candover downsizes fund
UK buyout house Candover has become to latest large-cap investor group to succumb to the pressures facing firms at the top of the market by announcing a reduction in the size of its latest fund.
ITALY – LIA and Mediobanca to raise $500m special situations fund
According to sources, the Libyan Investment Authority and Mediobanca are planning to launch a new joint fund of up to $500 million designed to take stakes in distressed Italian firms.
GLOBAL - Siemens launches venture capital fund-of-funds
Siemens Venture Capital GmbH has launched Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I), a $200m fund-of-funds that will invest in venture capital funds worldwide as well as select growth capital funds.
DACH - PINOVA Capital holds first closing on EUR 50m
PINOVA Capital has announced a first closing of its first fund, PINOVA Fund I, on EUR 50m.
FINLAND - Nexit Ventures holds third close on EUR 85m
Nexit Venture has raised a further EUR 10m for its mobile and wireless venture fund, Nexit Infocom II, bringing total commitments to EUR 85m.