David Rapp

The Miami private equity firm has acquired majority interests in two scrapbooking companies, including Die Cuts with a View, the fastest-growing private company in Utah.

The California venture capital firm closed its third fund on $300m, to be used for investments in the medical technology and biotechnology sectors.

CAI Capital Partners, further building up its oil and gas portfolio, has agreed to acquire Canadian company GLM Tanks & Equipment from Tanglewood Investments.

Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.

Bank of America has jumped on the private equity bandwagon, filing forms with the SEC for a $1bn private equity fund.

Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.

Onex, one of Canada’s largest companies and a publicly traded private equity firm, announced that it has closed its second large-cap private equity fund at $3.45bn.

Private equity firms Berkshire Partners and Freeman Spogli have announced a major investment in TH Lee Putnam Ventures’ call-center portfolio company N.E.W. Customer Service.

Carlyle/Riverstone’s latest $2.45bn energy fund will provide $200m to Legend Natural Gas III, a company which will acquire and develop onshore natural gas and other properties in south Texas.

First Reserve, which recently opened offices in Asia, has announced the closing of the largest energy-specific global fund ever raised, at $7.8bn. CEO Bill Macaulay told PEO that investor demand could have made the fund "much larger."