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.
Following yesterday’s agreement to put $500m towards the $2.5bn purchase of Morgan Stanley’s aircraft leasing group, Guy Hands must seek a speedy fundraising to refill coffers.
The Frankfurt Stock Exchange-listed private equity firm has held a final close on its fifth fund, ahead of its €375 million target.
Draper Fisher Jurvetson’s clean-energy affiliate fund, DFJ Element, has held an interim close, with backing coming from CalPERS and Swiss Re, among others.
Carlyle Europe Technology Partners has held a €101 million interim close. The fund is seeking roughly €200 million in commitments.
Following a recent fact-finding trip to China, the board of CalPERS is re-assessing its investment strategy in the world’s most populous country. By Paul Fruchbom.
The Middle East private equity firm has closed its new fund, ABOF II, and looks set to invest nearly 25 percent of it in the next six months.
Palo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.
As more and more generalist firms target its space, San Francisco’s Energy Investors Funds strengthened its toehold in the power sector, closing on $750 million for its latest fund.
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.
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