Abbott Capital Management held an $805m close on its fifth private equity fund of funds, surpassing a $750m target.
Chicago-based Lake Capital held an $800m close on its latest fund, representing a 60 percent increase over its inaugural, service-industry vehicle raised just three years earlier.
Boston-headquartered private equity firm Advent International has confirmed its intention to continue its Latin American investment activities, announcing today the final close on a new $375 million fund targeting the region.
The Central and Eastern Europe focused firm has fully divested its stake in the Slovakian mobile operator.
The investment bank will take on Australia’s Macquarie Bank in the increasingly popular area of infrastructure investments, according to press reports.
Former healthcare hands from Carlyle, Mount Everest and MPM have linked up to launch NGN Capital, a US-German venture fund that closed $100m above target.
On the heels of its successful fundraise for its latest private equity fund, mid-market specialist Audax is preparing to head back into the market with a follow-up mezzanine fund that could aim for as much as $550 million.
The Institutional Limited Partner Association has thrown its weight behind private equity reporting guidelines established by PEIGG.
After roughly six months of negotiations with Goldner Hawn Johnson & Morrison, ShopKo has agreed to be acquired by Sun Capital Partners in an $877m deal.
Private equity fundraising is set for a record-breaking year in 2005, but the mega-LBO funds taking the industry into uncharted waters are members of a small but privileged elite. By Andy Thomson