Fundraising
Montagu reaches €2bn first close on new fund
Montagu Private Equity is to tell its investors it has reached a тЌ2bn first close on its new fund, according to media reports.
Fundraising market continues to confound
Fundraising conditions are at their toughest for nearly a decade and the market is awash with rumours of stalled fundraising programmes. But there are also regular reports of highly successful fundraisings that fly in the face of the current trends. Julian...
Fundraising: Heavy traffic ahead
It is no secret that the private equity fundraising environment has been tough for the past couple of years. As many GPs prepare to hit the road again, current LP outlooks and strategies could result in a substantial number of players having to share...
ATP PEP holds final close of €1bn fund
ATP Private Equity Partners, the private equity arm of Danish pension fund ATP, has announced the final close of ATP IV K/S, a €1bn fund-of-funds.
Electra raises £100m in bond issue
Electra Private Equity is to raise £100m to help fund what it describes as “exciting” investment opportunities.
Matrix announces new £21m VCT fundraising
Matrix Private Equity Partners has launched a ТЃ21m fundraising process for three of the VCTs it manages.
Isle of Man pitches for business in the new PE environment
It may seem counter-intuitive, in a particularly bleak fundraising environment, to be heavily promoting the latest iteration of a specialist tax-efficient fund structure, but that is what the Isle of Man has been doing. Julian Longhurst investigates....
Impax announces second closing of new fund
Impax Asset Management Group plc has announced the second closing of its European renewable energy fund Impax New Energy Investors II, having raised тЌ259m of commitments.
Riverside closes latest fund on €420m
The Riverside Company has closed its Riverside Europe Fund IV on тЌ420m.
MVision spinout launches Asante
A new private equity placement group has been formed by Warren Hibbert, a former partner at global fundraising specialist MVision, unquote" has learnt.
Fundraising: The importance of the placement agent
In such tough fundraising conditions, the role of the placement agent has become increasingly important. Emanuel Eftimiu talks to HarbourVestтs George Anson and Mounir Guen of MVision about the current fundraising market and what LPs expect in this new...
Carlyle spin-out Resource closes debut fund
Despite challenging market conditions, successful fundraising in the CEE region is not out of reach, as Kimberly Romaine finds out.
Widening gulf between the haves and the have-nots
Todayтs press coverage of David Rubensteinтs predictions on the future of the global private equity market serves again to highlight the increasing polarisation within the industry. Julian Longhurst reports.
Funds-of-funds: A bifurcating market
While the 2005-2008 private equity boom is most commonly associated with the surging activity in Europe’s buyout markets, other areas, including the fund-of-funds segment, witnessed the same unsustainable growth and have felt the same shuddering crash....
Augur Capital holds €70m first closing on latest fund
Augur Capital has held a first closing at €70m for its Augur FIS Financial Opportunities II fund.
CapMan fund holds first close at €60m
CapMan has held first close of its CapMan Mezzanine V fund having raised тЌ60m.
Carey Olsen appoints new partner
Carey Olsen, the Channel Islands based law firm has appointed James Mulholland as a partner in its corporate and funds practice.
Verdane Capital closes latest fund above target
Verdane Capital Advisors has closed its Verdane Capital VII secondaries fund above its SEK 1.5bn (тЌ160m) target.
Forbion closes two funds
Forbion Capital Partners announced the final closing of two life science funds FCF I Co-Invest Fund and FCF II, raising a total of €190m.
Three managers spin out from KBC Private Equity
Three former executives of Belgian investor KBC Private Equity have spun out to form new small-cap, later-stage outfit Think2Act Partners, according to local press reports.
Gilde Healthcare III secures Philips commitment
The recently launched Gilde Healthcare III fund has attracted Royal Philips Electronics as a cornerstone investor.
Specialisation key for first-time funds
With relationship-based investing seeping into the markets, as risk averse LPs gravitate towards managers they have had previous relationships with, first-time funds have had to strengthen their people-pitch. A number may have found a way out of the dilemma,...
Fundraising: GPs face uphill climb
The wheels of the industry are gradually grinding into motion, with some notable fundraisings in 2010 so far. With activity expected to pick up, what awaits the European GPs looking to refill their coffers later in 2010 or into 2011? Julian Longhurst...
Family offices staying true to private equity
The fundraising market in the past two years can be described as challenging at best with many LPs said to be looking at reducing their private equity allocations. Results of a recent survey that family offices are seeking greater exposure are therefore...