Fundraising

The UK-listed financial services company has held a €60m first close of its third private equity fund, which will focus on the renewable energy sector.

Massachusetts venture firm raised $250 million for technology and life sciences investments, as co-founder Duane Mason announces his retirement.

The global ING-affiliated private equity firm has closed its fourth primary fund of funds on $250 million.

The London-listed global private equity firm has stepped up its limited partner activities with a substantial investment in I2, a UK-based infrastructure fund.

The Baltimore-based private equity firm has raised $300m for its fifth fund, including a $25 contribution from the Pennsylvania State Employees’ Retirement System.

The country’s $133bn pension fund has pledged $350m to two Asian private equity funds as it looks to commit $7bn to the sector over the next five years.

Michael Kim, the former co-head of Asian buyouts at Carlyle Group, has quickly amassed $750 million of commitments for his spinout fund MBK Partners, according to a report.

The global private equity firm is demonstrating a penchant for investing in other firms’ funds. But don’t expect it to launch a fund of funds operation just yet, reports Andy Thomson.

Armed with its new €5.8bn buyout fund, pan-European LBO house BC Partners has hired Nikos Stathopoulos from Apax and Giampiero Mazza from Englefield.

In its third exit in two months, San Francisco-based Gryphon Investors, along with Crosslink Capital, has sold sales training provider Miller Heiman to private equity firm Leeds Weld, generating a return of more than 5x its initial investment.