Funds
SPAIN - Axón launches ITC fund
Axón Capital has launched its second fund, Fondo Axon II CM-TMT, with EUR 15m in capital committed.
EUROPE - SL Capital reaches fourth closing on EUR 520m
SL Capital Partners has reached the fourth closing of its European Strategic Partners 2008 (ESP 2008) fund-of-funds on EUR 520m.
NORDIC - Altor closes third fund on EUR 2bn
Altor has held a final close of its third fund, Altor Fund III, on EUR 2bn.
EUROPE - Earlybird closes new fund on EUR 127m
Earlybird has held a final closing of its new fund Earlybird IV, with investors from Germany, the US, Asia and the Middle East committing EUR 127m towards the early-stage financing of young, innovative companies.
UK - More funds for distressed debt
The amount of capital raised by private equity for funds investing in distressed debts is to set to top last years record total, according to reports.
FINLAND - Eqvitec holds first close of third mezzanine fund on EUR 64m
Eqvitec Partners has held its first closing of Eqvitec Mezzanine Fund III on EUR 64m.
NORWAY - Norvestor closes Fund V at EUR 236m
Norvestor Equity AS has held a final close of its new vehicle Norvestor V LP (Fund V) with total commitments of EUR 236m.
EUROPE – LODH Euro Choice IV holds first close on EUR 300m
Zurich-based LODH Private Equity Limited has closed LODH Euro Choice IV on EUR 300m.
GLOBAL - Goldman Sachs raises USD 10bn fund
According to reports, Goldman Sachs has raised a USD 10bn fund to invest in senior loans backing leveraged buyouts.
UK - Kennet closes third fund on EUR 200m
Kennet Partners has held a final closing of its third fund, Kennet III, on in excess of EUR 200m (USD 315m).