Fundraising
CEE tech investor 3TS hits €103m first close
Dedicated CEE-focused technology investor 3TS Capital Partners has reached a €103m first close for 3TS TCEE Fund III.
Kreos IV holds final close on €240m
Kreos Capital has held a final close on €240m for its Kreos Capital IV Growth Debt Fund.
Fundraising: Winners and losers
Is the fundraising market as brutal as previously thought or does success solely depend on the type of fund being raised? Kimberly Romaine investigates
Lexington to raise $8bn secondaries fund
Secondaries investor Lexington Partners is aiming to raise $8bn for its Lexington Capital Partners VIII fund, which will launch next year.
Video: SJ Berwin's Blake on fundraising, T&Cs
Video: Jonathan Blake
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Goldman to become Duke Street investor
Goldman Sachs is to invest around €100m in Duke Street and is also considering acquiring secondary stakes in the GP's 2007 fund.
GP churn boosts IRR
Further to initial findings announced in 2011, additional research by Capital Dynamics and London Business School’s Coller Institute of Private Equity has concluded that higher team turnover in buyout houses improves overall performance.
TEP seeks €100m for new fund
Time Equity Partners (TEP) has launched its second venture capital fund and is seeking to raise €100m, having already collected two thirds of its target, according to reports in the French press.
Bridgepoint asks for extension on 2008 fund
Bridgepoint has asked investors in the €4.8bn Bridgepoint Europe IV (BE IV) vehicle for a 12-month extension of the fund’s investment period, which was due to end in November this year.
100% Italian-backed B4 boosts small-cap segment
There’s a new kid on the block in Italian private equity: launched in mid-2012, B4 Investimenti began operational activity in September last year, completed its maiden investment in July and is well on the way to closing its first fund. Amy King reports
CVC hits €10.5bn hard-cap
CVC Capital Partners has closed its sixth fund, CVC Capital Partners VI, on €10.5bn.
Dunedin fund surpasses target to reach £300m final close
Dunedin has closed its latest vehicle on £300m, comfortably surpassing its £250m target.
Private equity on the road to recovery
Following a month of stellar exits, an uptick in buyouts and a record number of fundraisings, there is reason to believe private equity markets are turning a corner. Kimberly Romaine reports.
SEC lifts fund advertising ban
The Securities and Exchange Commission (SEC) has removed the prohibition on general solicitation and advertising for VC firms and PE houses when raising private funds in the US.
Listed funds' share prices jump 25%
Average listed private equity company share prices have risen 25% over the last year, and by 72% over the last three years, according to data published by the Association of Investment Companies (AIC).
Palatine closes second fund on £150m
Manchester-based Palatine Private Equity has held a final close for its second fund on its £150m hard-cap.
Isis raises £51.5m co-investment fund
Isis has raised a fund to co-invest alongside its Baronsmead VCTs. The fund comprises four limited partners and is the first time a VCT has raised an institutional co-investment fund.
Montana closes debut secondaries fund on €80m
Montana Capital Partners, a firm focusing on the smaller end of the secondaries market, has closed its annual programme on its hard-cap of €80m.
Q&A: Duke Street’s Buchan Scott
Q&A: Duke Street
CVC forced to turn investors away
CVC Capital Partners has raised more than €10.5bn and can no longer accept investments from LPs wanting to commit to its sixth fund.
Apax VIII holds final close on €5.8bn
Apax Partners has reached $7.5bn (€5.8bn) for its latest fund.
HPS loan fund raises more than $3bn
Highbridge Principal Strategies (HPS) has closed its HPS Specialty Fund III with over $3bn in commitments.