Funds
EUROPE - HgCapital to close sixth fund on £1.85bn
Mid-market investor HgCapital is close to a final close of almost £2bn for its sixth buyout fund, above its original target.
GLOBAL - Blackstone raises $9bn so far for its sixth fund
According to reports based on a letter to its investors, Blackstone has so far raised about $9bn for its sixth buyout fund, BCP VI, and is hoping to hold a final close of the vehicle in June.
CEE - First turnaround fund for CEE secures EUR 36m
The European Bank for Reconstruction & Development (EBRD), Central and Eastern Europe (CEE)'s largest limited partner, has teamed up with the IFC and asset manager CRG Capital to launch the region's first restructuring fund with initial commitments of...
SPAIN - Iame shuts down fundraising
Iame Capital has has announced that it is no longer seeking to to raise Brand Capital Made in Spain (BCS), a EUR 500m fund launched in the first half of 2008.
SWITZERLAND - BioMedPartners reaches final close on CHF 106m
Healthcare venture firm BioMedPartners has reached the final close for BioMedInvest on CHF 106m.
UK - Blackstone in tallks with Branson for Northern Rock
Blackstone is reportedly in talks with Sir Richard Branson's Virgin Money about a bid for state-owned Northern Rock's "good bank", which could be worth up to £2bn.
UK - Osmond plans to list £500m turnaround vehicle on the LSE
Financier Hugh Osmond, the man behind private equity firm Sun Capital, is reportedly planning to launch a new £500m investment vehicle on the London Stock Exchange, aimed at investing in big private equity-backed companies that have been crippled by...
Argentius to open offices in Luxembourg
Augentius Fund Administration Group has received regulatory approval for the opening of its office in Luxembourg.
MVision boosts real estate team with two new hires
Placement agent MVision has appointed Mitchell B Sikora as managing director and Scott P Arden as director to the firm.
UK - YFM and MTI awarded mandate for interim North West venture fund
Venture investors YFM and MTI have been awarded a mandate to manage the £9m interim Venture Capital Fund for the North West region, an initiative launched by the Northwest Regional Development Agency to invest in small-to medium sized businesses in the...
GLOBAL - CD&R holds $5bn final close of eighth fund
US-based private equity firm Clayton, Dubilier & Rice (CD&R) has held a final close on its latest fund, Clayton Dubilier & Rice Fund VIII, on approximately $5bn, $1bn more than its predecessor vehicle which closed in 2006.
EUROPE - Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
FRANCE - Demeter 2 closes EUR 203m fund
Demeter Partners has closed its second fund, Demeter 2, on EUR 203m, just above its EUR 200m target.
EUROPE - Still scope for secondaries?
Could the vast amounts of secondary funds raised recently and the limited deal completion lead to a capital overhang in the coming years? Francois Rowell asks Sergio Jovele of Partners Group, which yesterday announced the closing of its latest secondaries-focused...
EUROPE - Earth holds first close of £750m fund
Earth Capital Partners has held an undisclosed first close of its EON Climate & Renewables fund, which has a target of EUR 750m.
EUROPE - F&C Private Equity holds EUR 30m first close of Aurora Fund
London-listed private equity investor F&C Private Equity has held a EUR 30m first close of its Aurora Fund, a new vehicle focused on acquiring secondary interests in predominately European private equity funds and co-investments.
CEE - Syntaxis holds EUR 140m first close for second CEE mezz
Syntaxis Capital, a specialist mezzanine provider for Central and Eastern Europe (CEE), has reached a first close on EUR 140m for its second fund, just over half of its undisclosed target.
NETHERLANDS - Gilde Healthcare launches services dedicated fund
Gilde Healthcare Partners has launched Gilde Healthcare Services, a growth capital fund targeting investments in specialised clinics, geriatric care providers, prevention, screening and related healthcare services.
FINLAND - Korona closes EUR 53m maiden venture fund
Finnish GP Korona Invest has closed its maiden venture fund Terveysrahasto on EUR 53m.
GLOBAL - Hudson reaches USD 1bn target for maiden fund
Hudson Clean Energy Partners reached its USD 1bn target for its maiden fund Hudson Clean Energy Partners LP, having secured USD 1.024bn in commitments.
GLOBAL – CIC provides Apax with liquidity boost
Sovereign wealth fund China Investment Corporation (CIC), may invest up to EUR 800m in Apax' EUR 11.2bn fund. The move is not intended to boost the vehicle's size, which last year became Europe's largest private equity fund. Instead it is believed to...