Funds
UK - Generation Investment Management closes fund
Generation Investment Management has closed its Climate Solution Fund at $683m. The fund has been raised purely from Generation's existing investor base.
CEE - Bancroft raises third fund set at EUR 250m
Bancroft Private Equity has confirmed it is fundraising its third vehicle, Bancroft 3, with a target of EUR 250m. .
EUROPE - KKR fund mystery
Confusion surrounds the progress of fundraising for KKR's latest European vehicle today, with some reports suggesting a EUR 6bn final close and others reporting that the fund is still in the fundraising process.
SPAIN – BCN Ventures and Uninvest to launch biotech fund
According to reports, BCN Ventures and Uninvest will soon launch a EUR 17m vehicle dedicated to biotechnology.
SPAIN – Nomura launches turnaround fund in Spain
Japanese investment bank Nomura has launched Thesan Capital in Spain, a private equity house specialising in turnarounds.
SPAIN – Santander creates fund dedicated to renewable energy
Santander Private Equity, a subsidiary of Grupo Santander has launched Santander Energías Renovables I, a EUR 15m fund.
GLOBAL - Summit closes two funds
Summit Partners has closed two funds,a Europe-focused private equity fund on тЌ1bn and its fourth subordinated debt fund on $825m. This brings the total amount Summit Partners has available for investment in North America, Europe and Asia to almost $6bn....
FRANCE - Vermeer Capital closes distressed fund on EUR 75m
Vermeer Capital has held the first closing of its maiden fund of the same name on EUR 75m. The fund will focus on turnarounds of distressed companies. The closing is shy of the EUR 90m hard cap which the next closing is expected to be near to.
UK - Adamant Ventures opens in Scotland
Swiss healthcare focused financial advisory firm Adamant Biomedical Investments has opened a venture capital arm in Edinburgh. Adament Ventures will target healthcare companies based in the UK, Scandinavia, Central Europe and the US.
GERMANY - TGFS venture fund closes on EUR 60m
CFH, a private equity firm located in Saxony, has together with its partners, closed Technologie Gründer Fund Saxony (TGFS). The fund is a joint activity of CFH, SIB, SC-Kapital and SBM, the venture capital arms of three regional savings banks located...
FRANCE – Meridiam closes EUR 600m infrastructure fund
Crédit Agricole subsidiary Meridiam Infrastructure has closed a EUR 600m fund. The fund will be dedicated to investments in infrastructure projects financed by public/private partnership contracts or subject to concessions.
WORLD - Warburg Pincus closes $15bn fund
Warburg Pincus has closed its latest fund, Warburg Pincus Private Equity X on $15bn. The fund has a broad investment remit focusing on early-stage investments through to buyouts and special situations.
WORLD - CVC closes $4.1bn Asia Pacific Fund
CVC Capital Partners has closed its third fund dedicated to investments in the Asia Pacific region, CVC Capital Partners Asia Pacific III, on $4.1bn. It is the biggest ever private equity fund raised in the region.
CEE – Advent closes fourth fund on EUR 1bn
Advent International has closed its fourth fund dedicated to Central & Eastern Europe, ACEE IV, on EUR 1bn. It is three times bigger than the last fund raised by the investor. The new fund will invest between EUR 30 and 100m in companies across the region....
ITALY - ACP Capital to launch renewable energy fund
ACP Capital has the launch of a dedicated renewable energy assets fund. The vehicle will focus on the acquisition and development of renewable energy companies in Italy and Southern Europe.
SPAIN – N+1 to launch a EUR 300m special situations fund
It is believed that N+1 could launch Spain’s first special situations fund later this year, targeting EUR 300m.
FRANCE - Crédit Agricole Private Equity launches two FCPI innovation funds
Crédit Agricole Private Equity has launched two FCPI innovation funds. The new FCPIs, Crédit Agricole Europe Innovation 2008 and LCL Capital Invest PME, will be offered to Crédit Agricole's high net worth customers in the regional banks and private banks...