United States
Cowen Healthcare Investments closes third fund on $493m
Cowen Healthcare Investments III targets the biopharma, diagnostics and digital health sectors
Ara Partners closes debut fund on $400m
Fund makes buyout and growth capital investments in companies based across North America and Europe
Ambienta raises $150m for absolute return fund
Ambienta X Alpha is managed by a team based in London, led by chief investment officer Fabio Pecce
Altamar holds first close for €750m secondaries fund
ACP 4 targets the growing market for GP-led secondary transactions
US pension fund pulls back private equity commitments
Milwaukee County reduces commitments to four private equity funds, from $79.5m to $63.5m
Omers Ventures Fund IV closes on $750m
Fund targets growth-orientated, disruptive technology companies based across North America and Europe
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
KKR expects lower valuations for its portfolios due to Covid-19
GP forecasts that emergency restrictions will challenge its ability to market new funds and strategies
Crescent European Specialty Lending Fund II closes on €1.6bn
CESL II invests in a diversified portfolio of private secured debt issued by European companies
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
HIG sells HCS Group's US oxo oils business
HIG has been building the chemical company since its acquisition of Haltermann Products in 2011
Arcano Capital XII fund-of-funds raises €200m
GP expects to hold a final close on target by the end of June 2020
Arcano launches €300m impact investing fund-of-funds
Arcano Impact Private Equity Fund will target European and US funds with a focus on impact investing
Checkout.com acquires VC-backed ProcessOut
Insight Partners and DST Global led a $230m series-A funding round for Checkout.com last year
KKR closes Global Impact Fund on $1.3bn
Fund targets lower-mid-market companies in the Americas, Europe and Asia, which contribute to sustainable development
Californian pension SCERS searches for alternatives consultant
Interviews with the most qualified respondents are expected to take place in May
Mercer closes Private Investment Partners V on $2.7bn
PIP V consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors
ICG closes third secondaries fund on $2.4bn
ICGSE III targets secondaries transactions, with a primary focus on complex fund restructurings
GreyBella Capital to launch new fund by mid-2020
Fund targets series-A and -B rounds in companies operating in life sciences and complex technologies
Sequoia leads $45m series-B for Productboard
Round also saw participation from Bessemer Venture Partners and existing investors
Gradient leads $7m series-A for TypingDNA
New and existing investors, including GapMinder and Techstars Ventures, also participate
Texas pension names new CIO
Auby's promotion follows the decision of the current CIO, Jerry Albright, to step down
TRS replaces TorreyCove with Stepstone as PE consultant
TRS also rehires StepStone Group as investment consultant for real estate and real asset opportunities
Highlander acquires Sano Vita
Transaction is the second acquisition by Highlander Partners in the Romanian market