Funds
DENMARK – Danske PEP IV holds first close on EUR 521m
Danske Private Equity has held a first close of its new fund-of-funds vehicle, Danske Private Equity Partners IV (Danske PEP VI), on EUR 521m.
FRANCE - CDC Entreprises closes Aurinvest Capital 2 on EUR 16.2m
CDC Entreprises has overseen the closing of Aurinvest Capital 2, part of the government investment scheme France Investissement, on EUR 16.2m.
FRANCE - EdRIP closes EUR 150m fund
Edmond de Rothschild Investment Partners (EdRIP) has closed its new venture fund, BioDiscovery 3, on EUR 150m.
UK - ICG plans to raise £1bn for new recovery fund
Intermediate Capital Group is planning to raise ТЃ1bn for a new recovery fund designed to buy leveraged loans that banks provided for deals and are now selling at a discount to face value.
UK - Octopus launches Titan VCT 3
Octopus Investments has launched Octopus Titan VCT 3 Plc, which will seek to raise up to ТЃ25m in the 2008/2009 tax year.
PORTUGAL - EIF launches dedicated Portugal fund-of-funds
The European Investment Fund, alongside leading Portuguese financial institutions and the Portuguese State, has launched the Portugal Venture Capital Initiative, a EUR 111.3m dedicated fund-of-funds and co-investment programme focused on Portuguese funds...
CEE - East Capital launches real estate fund
East Capital Private Equity has launched the East Capital Russian Property Fund, a EUR 200m real estate fund designed to invest in commercial and residential properties in Russia, Ukraine and Kazakhstan.
UK - Electra holds final closing of £100m fund
Electra Partners has closed a new ТЃ100m fund designed to invest alongside its principal listed vehicle, Electra Private Equity Plc, in private equity investment opportunities mainly in the UK and Western Europe.
SPAIN – Ahorro Corporación launches new fund
Ahorro Corporación, grouping several Spanish savings banks, has launched a new fund set to raise between EUR 50-70m to invest in Castilla y León-based companies.
CEE – Genesis launches EUR 60m fund
Genesis Capital has launched a second fund dedicated to investments in the Czech and Slovak Republics with a target of EUR 60m.