Jennifer Harris

Los Angeles-based US Renewables Group has held a final close on its second fund, which will target renewable energy opportunities. It is nearly five times the size of its predecessor.

Genstar Capital has added entrepreneur Kevin O’Leary to its Strategic Advisory Board. O’Leary will help the firm strengthen its Canadian portfolio.

Palo Alto, California-based venture firm Technology Partners has closed its latest fund on $300 million, to be allocated to the cleantech and life science sectors.

Bear Stearns Merchant Banking will buy international petroleum transporter MC Shipping for $284 million.

Boca Raton, Florida-based Sun Capital Partners will acquire women’s clothing retailer Limited Stores, as its parent company transitions to a focus on beauty and lingerie.

KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.

Technology venture firm Battery Ventures has closed its eighth fund on $750 million, and has promoted three employees to general partners as it prepares to deploy its capital.

Metalmark Capital, which spun out of Morgan Stanley in 2004, has hired former Morgan Stanley executive Fazle Husain to grow its healthcare dealflow.

The Blackstone Group is said to be mulling a $400 million investment in China’s largest petrochemicals company. The news follows a disappointing NYSE debut for Blackstone’s management company, in which the Chinese government invested $3 billion.

General Atlantic will add a ninth firm to its India portfolio with a $60 million investment in IBS Software Services.