GPs
Axa Venture holds €200m first close for Diversified II
AVP Diversified II is the second vintage of AVP's fund-of-funds strategy
CapMan Growth hires partner for new growth fund
New vehicle will succeed CapMan Growth Equity Fund, which closed on a hard-cap of €86m in 2017
KKR reports 12% Q1 loss in PE portfolio
GP cited $58bn dry powder, cheaper asset prices and steady management fees for being optimistic
ECI makes two senior promotions
Firm has promtoed Steve Tudge to the position of non-executive chairman, effective October 2020
YielCo hires new director
Volker van Rüth joins from his role as CEO of BayerInvest and has prior experience at Warburg Invest
BGF releases 2019 results, reports operating profit of £133m
BGF invested more than £200m in 45 new companies and provided a further £144m in follow-on funding
Spanish GPs navigate tough fundraising, deal-making environment
Unquote rounds up notable funds delayed or postponed, and gathers dealflow updates from managers
Andera hires Argos Wityu's Jay
Andera is currently deploying a series of funds, including BioDiscovery V and Winch Capital 4
Dawn Capital appoints Inflexion's Brown
Hannah Brown is joining from her position as assistant director at Inflexion Private Equity
2010-vintage funds: what is still in UK portfolios
PE managers now have a number of options available to them when funds near the end of their lifespan
One third of GPs may suspend next fund marketing – survey
Investec's GP Trends survey reveals that 83% of GPs do not expect to make an exit in the next year
Carlyle has $74bn in dry powder to deploy
GP also says that its fundraising is likely to slow down amid the coronavirus outbreak
Eurazeo delays fundraising by up to nine months
GP's Growth Fund III was previously due to hold final close at the end of 2020
VGC appoints Read as director
Alex Read joins from Alantra, where he spent three years as an origination associate
Aksìa hires two
Edoardo Peroglio Longhin is appointed as investment manager and Guglielmo Orsatti as senior analyst
DBAG announces 20% fall in portfolio NAV
Portolio NAV has fallen by around 20%, but the GP's telecoms companies are largely unaffected
Stirling Square hires two
Stirling Square is currently investing from its fourth-generation fund, which closed on €950m
Silver Investment Partners appoints two partners
Promotion of Matthias Loos and Daniel Schmitz brings the Germany-based GP's partner team to five
EQT warns of "longer" fundraising for flagship vehicle
GP states it is currently focusing on developing existing portfolio companies until market recovery
Half of GPs prepared to hire based on video interviews - survey
Survey conducted by PER shows that 52% of participants could make offers from video interviews
Hg promotes Sanow to partner
Sanow has been involved in the Hg 6, Hg 7, Hg 8, Saturn, Mercury 1 and Mercury 2 fundraisings
CVC attracts big LP tickets for new flagship fund
GP is aiming to raise €17.5bn by a June deadline and is already raking in large commitments
Flexstone appoints new head of secondary investments
Flexstone closed secondaries and co-investment-focused Select Opportunities II on €300m in July 2019
Mayfair announces five promotions
Mayfair has promoted its portfolio director Paul Reading to the position of managing director