Funds
Stanhope Capital launches Entrepreneurs Fund
Vehicle will invest in buyouts and growth equity transactions for European SMEs
Francisco Partners closes fifth fund on $3.98bn
Francisco's latest fund beats its $3.25bn target after less than six months on the road
BC Partners to close 10th buyout fund in coming weeks
GP is understood to be anticipating a handful of commitments before holding a final close in January
LPs remove Varova as manager of funds, write down €100m
Varova funds have experienced a reduction of unrealised net asset value close to €100m
BPI France and French armed forces ministry launch fund
French armed forces ministry and state-backed BPI France launch the €50m Definvest fund
Axa Strategic Ventures launches $175m fund-of-funds
VC firm aims to deploy capital in a global portfolio of "top-tier" venture capital funds
Aster holds €240m first close for sixth fund
VC firm is already working on investing in a first European company via the fund
ICG holds €5.2bn final close for direct lending fund
Vehicle will invest in directly originated senior secured loans to mid-market corporates
Nixen looking to raise €200m for third fund
French GP Nixen closed its previous fund on €164m, short of its €300m target, in 2012
Arcano launches €200m maiden venture fund
Spanish GP launches its first venture capital fund in partnership with Urizen Ventures
Portobello IV hauls in €570m, nears €600m hard-cap
Spanish GP eyes a final close on its fourth fund's €600m hard-cap before year-end
Amundi holds final close on €665m for private debt fund
Marketing materials for the fund, circulated in March 2017, mentioned a target of €700m
Jolt Capital holds final close on €83m
GP holds a final close for Jolt Capital III, which will have a three-year investment period
Sunstone closes two funds totalling €159m
Sunstone Technology Fund IV held a final close on тЌ112m and will target 30 investments
Van Lanschot Participaties to spin out from bank
Dutch bank intends to sell its private equity division, which will look for third-party money
OIC recommends €200m commitment to €1bn Novalpina fund
Recommendation was made by the investment committee and must be approved by OPERF
Berlin Innovation nearing first close for €40m seed fund
Berlin Innovation Ventures will make approximately 40 initial seed investments of €250,000
Brighteye holds €50m close for education technology fund
Vehicle will back European education technology companies from seed stage to series-C
BioGeneration Ventures closes fund on €82m
New investors include Bristol-Myers Squibb, Johnson & Johnson Innovation and Schroder Adveq
SL Capital closes secondaries fund on $428m
Total raised for SL's third secondaries vehicle is 47% more than that raised for its predecessor
ING announces €300m fintech fund
ING Ventures is financed entirely from ING's balance sheet and has a four-year investment period
GPF Capital holds €150m final close for second fund
Spanish fund manager hits the fund's €150m target in a single close after a couple of months
FPE closes maiden fund on £100m
UK-focused vehicle will target buyout and growth investments in companies with EVs of ТЃ20-50m
Tesi launches €150m venture fund-of-funds
VC firm intends to deploy capital into Finnish venture capital and small buyout funds