Intermediate Capital has closed its fourth mezzanine fund with €2.25 billion of firepower - the biggest ever raised in Europe. The fund will invest in mezzanine and senior debt, and could also be used for equity co-investments.
Russian private equity firm Baring Vostok Capital Partners has raised a $1 billion buyout fund for investments in the former Soviet countries.
UK fund-of-funds CDC has invested R100 million in Vantage Mezzanine Fund, the first mezzanine fund to be raised in South Africa. The fund is expected to close this August on about R600 million.
TA Associates, a Boston-based private equity firm, has bought an undisclosed stake in fund of hedge funds K2 Advisors, in the latest example of convergence between the two alternative asset classes.
3i said in a pre-close update that it will pay out another £800 million to shareholders after a strong year for investment and realisations. It has now made £2 billion of dividend awards in three years.
NanoDimension has raised €45 million for a dedicated nanotech venture fund, which has already made its first investment.
Industri Kapital, a Nordic buyout firm that is preparing to hit the fundraising trail, has taken advantage of the red-hot market for European housebuilders by selling Swedish-based Prevesta for €204 million. The sale will generate a return of more than ten times IK’s initial investment.
August Equity and Rutland Partners are relinquishing control of their listed trusts to New Star Asset Management, as the UK-based group looks to invest in private equity through a new fund of funds vehicle.
The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.
US and UK buyout firm Hellman & Friedman has bought Kronos, a provider of human capital management solutions, in a deal valued at about $1.8 billion.