Intermediate Capital Group has held the first closing of its new fund at €650 million, while a six-month interim report shows record gains on investments of £93.3 million.
The global property investment group is fundraising on four other fronts as part of its ambition to invest €4.5bn in Europe.
Wellcome Trust, an independent charity funding research into human and animal health, will increase spending by 17 percent following returns of 16 percent in the trust’s alternative investments portfolio for the last three years.
Investors have informally approved the increase which should mean Coller Capital closes the largest secondaries fund early next year, eclipsing rival Lexington Partners.
Danish investment firm Sparinvest has closed its fund of funds on $640m, which will invest in property vehicles around the world.
The Dubai fund of funds manager is hoping to be one of the first to offer access to the Indian private equity market via a quoted vehicle with a $100 million float of a fund on AIM, London’s alternative segment.
German special situations manager has closed its second fund without breaking into a sweat, while Jon Moulton’s distressed debt fund underlines appetite for turnaround deals.
Europe’s biggest quoted private equity business has held the final close on its €5bn buyout fund, the largest pool of capital focused on the European mid-market.
Investcorp will float $400 million (€312 million) of shares on the London Stock Exchange, ahead of changes to listing rules intended to ease the flotation of funds.
Partners Group, a Swiss alternative asset manager, has invested €40m ($51 million) from its €400m fund Partners Group Global Opportunities, following months of rampant activity.