The insurance giant’s Global Investment Group has agreed to buy the private equity assets of Dresdner Bank’s Institutional Restructuring Unit, which has approximately €1.1bn worth of interests in about 150 funds.
Troubled insurance broker Marsh & McLennan announced its MMC Capital private equity unit is to become independent.
The Toronto-based Ontario Municipal Employees Retirement Pension has reported a higher-than-expected return on investments for 2004, crediting the boost to private market investments.
The midmarket buyout firm has closed its oversubscribed fifth global private equity fund with commitments from 86 international investors.
The Philadelphia private equity firm and the merchant banking arm of the investment bank Greenhill & Co. team up for another investment in the financial services industry, investing $40m for a minority stake in the specialty finance company.
Darby Overseas Investments has acquired the management company of Dresdner Kleinwort Benson Emerging Europe, a $220m vintage year 2000 partnership.
The Philadelphia private equity firm has closed its second fund on $360m, ahead of its initial target of $300m.
The Canada Pension Plan Investment Board has pledged $380m, including co-investments, to European infrastructure funds managed by the Australian financial services firm The Macquarie Group.
The Dusseldorf-based venture capital firm has closed its second fund after a fundraising period of just six months.
The Middle Eastern private equity firm has acquired the Jordanian aircraft firm Joramco through a privatisation.