American Securities Capital Partners has closed its largest fund ever with total commitments of $1bn.
The insurance giant’s Global Investment Group announced a $239 million final close for Private Equity Portfolio III, a combination of international, domestic and secondary funds of funds as well as a direct investment fund.
Standard Life Investments has announced a first closing of its latest private equity fund of funds vehicle on €250m.
The New York-based venture firm will make investments in communications, healthcare and information technology companies.
DLJ Merchant Banking Partners is one of three specialist fund managers spinning out of Swiss-owned investment bank Credit Suisse First Boston.
Menlo Park’s Institutional Venture Partners’ 11th fund will invest in information technology companies.
The New York firm has closed it fourth vehicle for purchasing subordinated debt and has also announced a $100 million commitment to Accuro Healthcare Solutions.
HSBC Private Equity Asia, the Asian private equity arm of the HSBC Group, has posted a final closing of its third fund on US$700 million.
Hugh Richards of Exponent Private Equity offers a personal perspective on spinning out of an institutional private equity manager.
AXA Investment Managers Private Equity has announced the final closing of its latest mid-market secondaries fund on $1bn: well ahead of an original target fund size of $800m.