Fundraising

Partners Group and F&C Private Equity have replaced Dresdner Kleiner Wasserstein as limited partners in Kleinwort Capital Partners IV.

Lombard Investments is raising its third private equity fund dedicated to Asia, with backing for the vehicle coming from CalPERS and The Asian Development Bank (ADB).

Energy Capital Partners is seeking up to $2.25 billion for its debut fund, more than twice as much as originally expected when Goldman Sachs vet Douglas Kimmelman launched the firm last summer.

SVG Advisers, the fund management business of London-listed private equity fund of funds SVG Capital, has closed a new collateralised fund obligation (CFO) vehicle on €500m.

Jyoti Aggarwala, former managing director at Thomas Capital Group, has started her own placement agency that will connect LPs with India fund managers.

Boston-based Advent International has sold its stake in Argentine generic pharmaceuticals maker Fada Pharma, earning a positive return on the investment despite the volatile Argentine macro environment.

The Stockholm-based private equity firm received commitments from over 50 investors for the new vehicle.

Boston-based Audax Group is aiming to capitalise on consumers upgrading to digital radio with its latest acquisition of Broadcast Electronics. Thompson Street Capital Partners is notching an exit through the sale.

The Franco-German mid-cap buyout firm will partner with Italian private equity firm Magenta for co-investments in Italy.

Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.