The European Bank for Reconstruction and Development has committed to the new vehicle, which will focus on mid-market companies in the Baltic countries, Central Europe and the Balkans.
Investors in an African private equity fund focused on privatising local banks have opted to pull the plug on the vehicle three years after its launch.
The venture capital arm of the French private investment house has held a first and final close of its latest venture capital vehicle after four months of fundraising.
Private equity fundraising activity in the Middle East and North Africa region spiked noticeably last year, driven by growing participation from local investors. By Judy Kuan.
Pacific Equity Partners has raised a total of AU$1.2bn in capital – AU$800m for a core mid-market strategy and AU$400m for a supplemental fund.
UK-based Secondary Market Infrastructure Fund, controlled by Star Capital, has bought into prison and facilities manager Global Solutions.
Los Angeles-based Paladin Private Equity Partners has launched its debut clean-technology fund. CalPERS, with a $40m commitment, is the cornerstone LP in the new vehicle.
The Texas Pacific Group affiliates are teaming up to acquire a minority stake in Richard Li’s PCRD.
The Munich office of the US-based private equity firm has acquired Richter Chemie-Technik from its US parent.
The Stavanger, Norway-based venture capital firm has raised $283m at the first close of its latest fund, ahead of its original target of $200m.