Funds
StepStone names secondaries-focused Johnston as partner
Adam Johnston is a member of StepStone's private equity secondaries practice
US pension set to back Pantheon secondaries fund
Pantheon Global Secondaries Fund VI has a focus on GP-led transactions in Europe and North America
Mubadala commits €1bn to BPI France mega-fund
Fund aims to raise €10bn, which will be invested in approximately 15 listed companies
CapitalT holds first close for debut fund
VC firm was founded by Janneke Niessen and Eva de Mol, and will target €40m for its first vehicle
OTB Ventures closes debut fund on $100m
Fund deploys equity tickets of up to $15m in technology startups based in central and eastern Europe
Atomico closes fifth-generation fund on $820m
Atomico V is the largest of any Europe-based venture fund in 2020, according to Unquote Data
Vertis to launch €120m fifth VC scaleup fund
Fund will target companies with revenues of at least €5m, operating in a wide range of innovative sectors
NB Renaissance Partners III close to hitting €1bn target
Fund acquires majority stakes in Italian mid-market companies operating in a wide range of sectors
KKR closes Global Impact Fund on $1.3bn
Fund targets lower-mid-market companies in the Americas, Europe and Asia, which contribute to sustainable development
August Equity Partners V closes on £300m, acquires Air IT
Fund held a first close in December 2019 on almost £200m and closed on its hard-cap of £300m
Nexxus Iberia closes first Spanish fund on €170m
Fund targets investments in Spanish companies with potential to be expanded into Mexico and the US
Montefiore raises €1bn through two new funds
Montefiore Investment V targets French mid-market companies operating in the services sector
Oxx holds $133m final close for debut fund
Venture fund held a first close on $100m in May 2018 and will focus on B2B software companies
Women Equity Partners launches debut fund
Fund will follow a data-backed investment strategy, targeting women-led SMEs in France
INVL closes Baltic Sea Growth Fund on €165m
Fund's predecessor, Invalda INVL, recorded an average 27% gross IRR and 2.4x money
Mercer closes Private Investment Partners V on $2.7bn
PIP V consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors
HarbourVest and Vanguard agree strategic partnership
Strategic partnership will see new PE funds raised annually to be accessed by Vanguard clients
Direct lenders eye secondaries market for first-gen funds
Several European direct lenders are speaking to secondaries advisers about running processes on older vintage funds
VR Ventures announces €40m first close for debut fund
Fund is backed by banks including Berliner Volksbank and will focus on financial and property technology
GPF Capital closes third buyout fund on €300m
Fund targets SMEs operating in a wide range of sectors and generating EBITDA in excess of €3m
Amundi PEF nears first close for Megatendances II fund
Megatendances II is being marketed to both retail and institutional investors
Ion Pacific targets $150m for VC secondaries fund
Firm focuses on direct secondaries and LP interests in VC funds, as well as GP recapitalisations
Stirling Square closes fourth fund on €950m
Fund targets buyouts in European mid-market companies with enterprise values of €50-500m
Apax France closes Apax Development Fund on €255m
Launched in Q4 2017, the small-cap and lower-mid-market fund surpassed its €225m target