Unquote
Eaton launches direct investment team
Placement agent will work alongside GPs and management to raise capital for investments of $50m and above
Campbell Lutyens appoints Bajnai as chair
Former Hungarian PM takes on role after sitting on the advisory board in a part-time role since 2011
HarbourVest hits $375m final close for Mezzanine Income Fund I
Fund exceeds its $250m target and will co-invest with private equity investors
Industrifonden leads €7.5m funding round for Meniga
The funding round also saw participation from Velocity Capital and Frumtak Ventures
Calpers PE portfolio managing investment director to leave
Investment director Sarah Corr will take over as interim head after Réal Desrochers leaves on 7 April
Committed Advisors closes third secondaries fund on €1bn
Strategy will focus primarily on mature private equity assets in North America and Europe
Summit raises $4bn across growth and VC funds
Firm's ninth growth equity vehicle takes majority of commitments at $3.3bn, while the VC fund raised €730m
University of California doubles strategic allocation to PE
Increase approved in March means up to $1bn in additional private equity investments for the endowment
GPs view ESG as value builder – Capital Dynamics survey
Alternative assets manager Capital Dynamics surveyed 109 GPs globally about responsible investment and ESG
83North holds $250m close for tech VC fund
Fund hopes to take advantage of the UK's exit from the EU by accelerating activity in other European cities
City of Fresno Retirement Systems to build PE portfolio
California-based LP with $2.7bn in AUM approves a target exposure of 5% to the asset class by 2020
ITI acquires Uralsib with Da Vinci Capital funding
Russian broker and asset management firm ITI Group steps into the UK market
Golding holds €331m first close for private debt fund
Fund has raised more than half of its €600m target after five months of fundraising
AlpInvest raises $6.5bn for secondaries programme
Programme’s previous generation, ASP V, had received $4.2bn in commitments in 2013
Insurtech puts a premium on technology
PE and VC players turn their attention to the insurance space as fintech's next scalable disruption opportunity
Large-cap European PE cools down as smaller dealflow regains footing
The European buyout market was back to growth in volume terms in 2016
European entry multiples rise to 10.2x in 2016
CEE, southern Europe and the Nordic region drive average price increase, while UK valuations drop
unquote" LP round-up
A round-up of LP news, including US institutions on the lookout for fund managers
HgCapital promotes Brockman and von Simson to managing partner
London- and Munich-based GP also announces three partner promotions in its London office
ICG's Evain to retire after 23 years at the firm
Head of European investments Benoît Durteste will take on the roles of CEO and chief investment officer
Credit funds eye opportunity in ECB limits on bank leverage
Draft guidelines from the European Central Bank propose a suggested ceiling of 6x EBITDA for leveraged buyouts
Marlin Equity V hits $2.5bn hard-cap
Global GP exceeds its $2bn target for the mid-market fund within five months
European fundraising surpasses pre-crisis high
Funds investing in Europe raised €120bn in 2016, up 37% on the year before
GP Profile: Bain Capital
GP is currently investing from its $3.5bn fourth European buyout vehicle, which closed in 2014