Funds
UK/US - Accel raises more than $1bn
Global venture capital firm Accel Partners has closed two news funds, Accel London III and Accel Growth Fund, on $480m and $525m respectively.
UK - ECI closes ninth fund on £430m
UK mid-market buyout house ECI Partners has held a first and final close of its ninth fund, ECI 9, on ТЃ430m just three months after its launch.
DACH - Zurmont Madison raises more than CHF 250m for buyouts
Zurmont Madison Management AG has held a final close of its new fund, Zurmont Madison Private Equity LP, with total commitments of more than CHF 250m, exceeding its original target fund size of CHF 200m.
PORTUGAL - Amorin launches EUR 100m private equity fund
Market rumour suggests that the Amorim Group, established by the Amorim family, has launched Amorim Global Investors, a EUR 100m private equity fund.
SPAIN - Tvikap postpones second close
Tvikap, a hybrid private equity and opportunistic fund, has postponed its fundraising due to current market conditions.
UK - TTP to manage £30m technology fund
TTP Ventures has been selected to manage a new ТЃ30m Enterprise Capital Fund (ECF), which is specifically designed to invest in early stage IT and clean technology businesses.
DACH/CEE - GCP closes its third fund
Gamma capital partners (gcp) has closed gamma III, which reported a first closing on EUR 32.6m in June 2007.
EUROPE - Oaktree closes on EUR 1.6bn
US-headquartered investor group Oaktree Capital Management has closed OCM European Principal Opportunities Fund II LP, its second European fund dedicated to opportunistic private equity and distress-for-control investments, on around EUR 1.6bn.
ITALY - Alcedo closes third fund on EUR 178m
Alcedo has held a final closing of its third fund, Alcedo III, on EUR 178m.
FINLAND - Sentica holds first close on EUR 50m
Sentica Partners has held a first close of its third buyout fund on EUR 50m.
SWEDEN - Nordic Capital closes on EUR 4.3bn
Nordic Capital has held a final close of its seventh fund, Nordic Capital VII, having secured EUR 4.3bn in total commitments.
FINLAND/US - Nexit Ventures holds second close on EUR 75m
Nexit Ventures has held a second close of Nexit Infocom II on EUR 75m, expecting a final close early 2009.
SPAIN/CEE - Taiga launches EUR 50m renewables fund
Taiga Mistral has launched its second fund, targeting EUR 50m, for investments in the in renewable energy sector in Eastern Europe.
SWEDEN - EQT closes infrastructure fund on EUR 1.2bn
EQT has closed its first infrastructure fund on EUR 1.2bn, exceeding its target of SEK 1bn.
FRANCE - Ixen closes EUR 500m third fund
Ixen, a subsidiary of Natixis Private Equity, has closed its third fund on EUR 500m.
UK - NESTA to manage Kinetique Biomedical Seed Fund
NESTA has been appointed as the fund manager of the Kinetique Biomedical Seed Fund.
EUROPE – Robeco lauches "responsible" PE fund-of-funds
Fund manager Robeco, a unit of Rabobank, has launched its second тresponsibleт private equity fund-of-funds with a EUR 250m target.
UK - Bridges launches Social Entrepreneurs Fund
Bridges Ventures has launched the Bridges Social Entrepreneurs Fund, a vehicle designed to make investments in social enterprises.
CEE - Abris closes maiden fund on EUR 320m
Abris Capital Partners has closed its inaugural fund at EUR 320m.