Funds
Experienced Capital to launch second fund in 2019
Experienced Capital's maiden fund held a final close on €78m in 2016 and is now fully deployed
Three Hills closes third fund on €540m hard cap
THCS III exceeds its €400m target, attracting LPs from Europe, North America and Australasia
Vala launches EIS fund with alternative fee structure
Newly launched firm will replace standard administrative fees with a performance-related model
Verdane X closes on SEK 6bn hard-cap
Verdane X has a flexible approach to investing in northern European technology companies
Eurazeo holds first close on €500m for Capital IV
Asset managers, sovereign wealth funds, insurance companies and family offices back the fund
Carlyle hits €1.35bn hard-cap for Europe Technology Partners IV
Fund will invest in lower-mid-market technology-focused companies based in Europe and the US
Danish SDG Investment reaches DKK 4.85bn final close
The fund reaches DKK 4.85bn on its second and final close, short of its original target of DKK 5bn
EMZ Partners to launch ninth fund
After closing EMZ8 on €815m in 2017, EMZ plans to officially return to the fundraising trail in Q2
MPEP launches fund-of-funds
First time the fund-of-funds manager has widely marketed its programme to external LPs
Main Mezzanine spins out as Pride Capital
As Pride Capital, the rebranded mezzanine provider will maintain the same investment strategy
Los Angeles pension fund backs Lexington
California based pension fund has 4% of its portfolio invested in private equity as of June 2018
ADM raises $450m for Cibus Fund
Vehicle was launched at the end of 2016 and held a first close in May 2017 on $100m
Golding receives commitments in excess of €900m
Golding is expected to hold a first close of the fund-of-funds in the next couple of weeks
Horizon hits $200m cap for third Ukraine fund
Vehicle was launched in June 2016 with a target of $150m and has already completed six investments
Revo launches second fund
Revo is understood to have secured approximately 35% of the targeted commitments
Innovation Industries secures €150m for second fund
MN Services, the asset manager for both schemes, was involved in establishing the fund
AVP holds $150m first closing for second early-stage fund
AVP Early Stage II will focus on technology businesses based in North America, Europe and Israel
Genesis targets close and launch in 2019
Growth fund will focus on companies with revenues of up to €15m and EBITDA of up to €2m
Finint holds €51.6m first close for debt fund
PMI Italia II has a €150m target and invests in Italian companies with revenues of up to €500m
Talde launches €100m debt fund
Talde Deuda Alternativa intends to invest between €5-15m in 7-12 European SMEs
Mayfair holds £650m final close for second fund
Total committed is more than 150% of the amount raised by the firm's maiden vehicle
BEX collects $280m for third fund
BEX III should hold a first and final close by Q2 2019 near its $350m hard-cap
Tilt Capital Partners to launch Clean Energy Fund
Currently in the pre-marketing phase, the fund is expected to hold a first close in Q2
New shop on the healthcare block: Gyrus Capital
New investment adviser will target value-based, special situations and transformational investments in the healthcare sector