SGAM Alternative Investments has held a first close of its North Africa fund on €100m, halfway towards its target size of €200m.
Axiom Asia has achieved a final close on an Asia-focused fund-of-funds, raising $440 million in less than a year since it set up. Asia Alternatives and Emerald Hill are also raising their first Asia-dedicated fund-of-funds.
3i has beaten heavyweight opposition to land its first deal in central and eastern Europe, and is aiming high after launching a new team dedicated to the region.
GS Vintage Fund IV, a fund of the company’s asset management private equity group, will focus on the secondaries market.
Aksìa Capital, an Italian mid-market private equity firm, has attracted some illustrious new investors to its third buyout fund, which closed at €150 million.
UBL Asset Management, a new subsidiary of India’s UTI Bank, is looking to raise a $500 million private equity fund to invest in India’s infrastructure.
The global private equity firm has expanded its emerging markets reach with the close of its €523m New Europe Fund II.
Bain Capital has raised $1 billion for a new Asia-focused fund in just three months. This comes a year and a half after the Boston-based private equity group made its foray into the region.
As expected, UK-listed buyout group 3i has sold UK car park operator NCP to Macquarie for £790m, realising a substantial profit just a year and a half after buying the company.
The Bahrain-based manager has begun marketing its first traditional limited partnership and is targeting a first close on $400m in May, according to one investor.