Funds
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
UK - Matrix launches new VCT fundraising
Matrix Private Equity Partners has launched a further share offer for the Matrix Income & Growth 2 VCT (MIG 2).
UK - M2M Management launches $400m fund
Shipping investment group M2M Management has launched Global Maritime Assets (GMA), a $400m private equity fund focusing on the acquisition of shipping vessels.
UK - Vision Capital closes seventh fund on EUR 680m
Direct secondaries specialist Vision Capital has closed Vision Capital Partners VII an EUR 680m.
DACH - BonVenture closes second fund on EUR 9.39m
BonVenture has closed BonVenture II, its second socially responsible venture capital fund, on EUR 9.39m.
UK - Atlas Venture closes eighth fund at $283m
Atlas Venture has closed its eighth fund at $283m. Atlas Venture VIII will be invested in early-stage technology and life science start-ups in US and Europe.
UK - One NorthEast creates £125m fund
The Regional Development Agency One NorthEast has created a ТЃ125m to support the development of businesses in the north east of England.
NORWAY - Skagerak raises NOK 50m
Skagerak Seed Capital II has raised NOK 50m for investments in Norwegian start-ups.
NETHERLANDS/UK - PTV fund reaches EUR150m target; expands team
Amsterdam and Cambridge based venture capital firm, Prime Technology Ventures (PTV), has reached the EUR 150m target for its latest fund and is approaching its hard cap despite the difficult fund raising climate.