Fundraising

The buyout and mezzanine firm will bring its “one-stop shop” approach to the capital, investing from its €750m fund, which closed last week.

The oversubscribed fund closed on £330m with commitments from US, UK and European pension funds, insurance companies and family offices.

Survey results show Brazil’s private equity industry to have $5.5 billion in capital, exceeding previous estimates of the sector’s size. Judy Kuan investigates.

The latest incarnation of Sithe Global Power, a Blackstone investment, represents a shift in the electric energy opportunity, as distressed deals dry up and equity sponsors clamour for greenfield strategies.

After a busted auction, New York-based Arsenal Capital Partners has acquired a controlling stake in specialty chemicals maker Reilly Industries, agreeing to a deal worth $250m.

The Australian bank has launched a clean technology fund of funds focused on the North American market.

Markstone Capital Group has attracted investment from US and Israeli pension funds to invest in late-stage old economy companies in emerging markets.

Hermes Private Equity has made its first investment from HPEP II, the £250m fund it closed last month.

Technology and life science-focused venture capital firm TVM has raised €240.3 million from European, US and Asian investors to invest in drug discovery and development.

Bain Capital is noticeably absent from Tenaska’s $838m energy fund, after the two sides had worked out a co-investment agreement in 2003.