Funds
UK/US - Marathon holds $400m first close on US toxic asset fund
London-based Marathon Asset Management has held a $400m first close of its public-private toxic asset fund, an initiative engineered by the US government to buy up troubled assets from banks that has so far seen $5bn raised by eight seperate fund managers.
FRANCE - Natixis PE and CDC launch Kurma Biofund
Natixis Private Equity has partnered up with Fonds stratégique d'investissement (FSI), via CDC Entreprises, to launch the Kurma Biofund, a fund focuses on investing in life science projects sourced from partnering research institutes Pasteur and Curie.
FRANCE – EdRIP hits EUR 250m target of new fund
Edmond de Rothschild Investment Partners (EdRIP) has reached the final close of its fund Winch Capital 2 on EUR 250m following a first closing on EUR 175m in July this year.
UK - Octopus launches £25m Titan VCT 4 fund
Octopus Investments has announced the launch of Octopus Titan VCT 4, a new vehicle designed to invest in early stage UK companies with a target of £25m.
GLOBAL - Meidlinger Partners holds $15m first close of cleantech fund
Meidlinger Partners has reached a first closing of its cleantech fund, Meidlinger Partners Sustainable Investments, on $15m.
IRELAND - Bank of Ireland seed fund launches
Bank of Ireland has announced the launch of the Seed and Early Stage Equity fund, a new EUR 26m vehicle designed to invest in Irish start-up and early-stage companies.
CEE - Rabobank and EBRD establish Resource
The European Bank for Reconstruction and Development (EBRD) and Rabobank have each commited EUR 25m to newly formed private equity fund, Resource Eastern European Equity Partners I, which will focus on supporting small- and mid-cap businesses in EU states...
GERMANY- Capiton closes fourth fund on EUR 350m
Capiton has held an oversubscribed final close of its fourth fund, capiton IV, on its EUR 350m target.
CEE – Carlyle spin-out Resource Partners reaches first close
Unquote" can reveal that a first close on EUR 51m is "imminent" for Resource Partners, the CEE private equity team spawned by Carlyle Group's attempt to set up shop in the region.
FRANCE - Ouest Ventures holds EUR 21m first close of Fund II
Ouest Ventures has held a first close on EUR 21m of its second FCPR fund, Ouest Ventures II.
BELGIUM - Vendis reaches first closing on EUR 55m
Belgian private equity firm Vendis Capital has raised EUR 55m for first close of its maiden fund.
BELGIUM - Capricorn launches health tech fund; expands team
Capricorn Venture Partners has launched a new vehicle designed to target early- to mid-stage health technology investments, seeking to raise between EUR 100-120m.