CDC Group, the UK government-backed fund of funds, has made a $20 million commitment to Lombard Asia III, an expansion capital fund that will focus on South Asia and Greater China.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
3i will look to raise £1.3 billion by floating an infrastructure fund on the London Stock Exchange, which will acquire 3i’s current portfolio of assets in the sector.
The US investment firm becomes the second company this year to close on a fund of funds vehicle targeting the European property markets.
Dubai-based Abraaj Capital has secured one-quarter of its targeted fund size at the first close of its infrastructure and growth capital fund.
The London-based firm has closed its largest fund to date after receiving commitments of nearly €900m, almost three times the size of its previous vehicle.
GSR Ventures, an affiliate of Silicon Valley-based venture capital firm Mayfield, has raised $200 million for its second China-focused fund, less than a year after closing its debut fund.
The middle market buyout shop has increased by $200m its third fund, which closed in May 2005 on $650m.
Investcorp raises over $500m from investors in six months and is preparing to raise a dedicated private equity fund.
Abingworth has closed a record £300 million fund, which will target life sciences investments in Europe and North America.