Funds
FRANCE – Participex launches EUR 35m fund
Crédit Argricole Nord de France has launched a EUR 35m fund via its subsidiary Participex.
FRANCE – TCR Capital Partners III holds final close on EUR 160m
TCR Capital Partners has announced the final closing of its third fund, TCR Capital Partners III, on EUR 160m, ahead of its EUR 150m target. TCR held a first close in March 2007 on EUR 100m. Around 40% of the investors are returning investors who had...
ITALY – Ambienta reaches first closing on EUR 124m
Ambienta has reached the first closing of its first vehicle, Ambienta I on EUR 123.75m. Commitments were provided by Italian and financial institutions, industrial groups and Italian and international private investors. The second fundraising stage, which...
SPAIN – ProA closes EUR 250m maiden fund
ProA Capital has closed its first vehicle, ProA Capital Iberian Buyout Fund I, on EUR 250m. The generalist fund will invest in proprietary buyouts and in sectors yet to be consolidated.
UK - Matrix takes reins at Income & Growth VCT
Matrix Private Equity has taken on sole-manager status at The Income & Growth VCT after Foresight Group stepped down as co-manager.
FRANCE - ICSO2 announces first close at EUR 63.5m
IRDI and ICSO Gestion have held a first close of their buy-out and growth capital FCPR fund, Icso2, at EUR 63.5m. The vehicle has a target of EUR 100m. S second close is planned for June.
RUSSIA - Renaissance Group closes US $660m fund
Renaissance Group has closed its first fund, Renaissance Private Equity Fund I LP, with a total of US $660m in commitments. The new fund is dedicated to investment in Russia and Central and Eastern Europe. It had a target of US$ 500m.
EUROPE - Bain Capital closes EUR 3.5bn buyout fund
Bain Capital has closed its third European buyout fund with a total of EUR 3.5bn in commitments.
SPAIN – Tandem closes first fund on EUR 50m
Tandem Capital Gestión has reached the final closing of its first fund on EUR 50m.
SPAIN - BPEP launches Baring Iberia III
Baring Private Equity Partners (BPEP) has launched its third vehicle, Baring Iberia III, with a target of EUR 200m.
SPAIN – Ysios launches biotech fund
Ysios Capital Partners has announced the launch of its first fund, Ysios BioFund I. The fund will look to raise between EUR 65-75m.
SWITZERLAND - Capvis Equity III L.P. closes on EUR 600m
Capvis Equity Partners AG has closed its latest fund, Capvis Equity III L.P., on its hard cap of EUR 600m (CHF 1bn). The fund was substantially over-subscribed, exceeding its original target of EUR 500m.
SPAIN – Arcano launches new fund-of-funds
Investment bank Arcano has launched its second fund-of-funds, Global Opportunity Fund, with a target of EUR 250m.
UK - ETF raises £110m for first fund
Environmental Technologies Fund (ETF) has reached a final close on ТЃ110m for its debut fund, exceeding its original target of ТЃ100m.
GERMANY - Halder closes GIMV Germany II on EUR 325m
In a time when many international GPs are raising large funds for distressed assets, Halder has bucked the trend to raise a traditional mid-market buy-out fund. GIMV Germany II reached its hard cap of EUR 325m after just three months, comfortably surpassing...
FINLAND - Nexit Ventures holds first close on EUR 50m
Nexit Ventures has held a first close of its new wireless and mobile opportunities fund, Nexit Infocom II L.P, on EUR 50m. The vehicle is aiming to attract total commitments of EUR 100m+.
Mezzanine funds gather pace
Francois Rowell speaks to Olivier Bossan, leader of Argos Expansion's management team, about the rise of sponsorless mezzanine funds and what this means for the French private equity market