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.
Expanding its investment reach into less traditional emerging markets, the US-based Overseas Private Investment Corporation has committed to financing private investment funds targeting Africa. By Judy Kuan
The biography of Richard Frank, the chief executive of Darby Overseas Investments, makes him well-placed to guide its expansion into the emerging markets of eastern Europe.
Markstone Capital Group has attracted investment from US and Israeli pension funds to invest in late-stage old economy companies in emerging markets.
The emerging markets-focused investment firm is targeting Central and Eastern European countries as it extends its mezzanine financing operations.
The Warsaw private equity firm has entered the Slovakian retail sector with its acquisition of a stake in white and brown goods retailer NAY.
The managers of Tailwind Capital have informed limited partners that the group intends to split from Thomas Weisel, ending a sometimes rocky relationship with the San Francisco financial services group.
With a former Perseus power pro at the helm, Natural Gas Partners has expanded into technology investing with a $94m first close on a debut tech investment fund.