Fundraising

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.

The Munich office of the US-based private equity firm has acquired Richter Chemie-Technik from its US parent.

The Stavanger, Norway-based venture capital firm has raised $283m at the first close of its latest fund, ahead of its original target of $200m.

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.

The firm has refinanced its investment in the Bulgarian Telecommunications Company by granting an option to Novator Holdings.

The Hong Kong-based firm has already committed 55 percent of its $338 million ADM Maculus Fund II fund and will raise a third fund this year.

InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.

Tailwind Capital has completed its spinout from investment bank Thomas Weisel, and with the split has brought on board Soros veteran Frank Sica.

Despite relatively stable dealflow, fundraising is proving tough for a number of technology-focused venture capital groups in Israel. By Robert Venes.