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.
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.
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.
Kendall Court Capital Partners has announced a first closing on $35m for its debut Asian mezzanine fund. The fund has a final target of $75m.
A new study shows views among limited partners regarding the relative prospects of buyout and venture funds are strongly polarised.
Herald Ventures, run by UK technology investor Katie Potts, has held a first closing on an early-stage technology, telecom and media fund with a £40m target.
The newly-independent Dutch private equity firm, formerly known as NeSBIC, has closed its second fund ahead of a €200m target.
The new venture fund, which will focus on IT investments, comes online at a time when established firms crank out their follow-on funds.