Anchors away

Headlines are rife with updates on the credit crunch and every week a new bank is said to be in need of some sort of a bailout in the US or UK, yet somehow some positive news has been sailing through on the fundraising front. Recent closings of funds by veterans such as Investindustrial, which raised EUR1bn, illustrate the appetite for tried-and-true GPs. Even newcomers are attracting commitments as demonstrated by Magnum, which closed with EUR866m for its debut vehicle