Fundraising

The New York biopharmaceutical specialist closes its first ever fund alongside a friends-and-family vehicle.

The Helsinki-based private equity house has announced the second closing of its latest mezzanine fund on €142.5m.

SES Iberia Private Equity, sponsored by GP groups Espírito Santo and Siparex, will invest in mid-market companies in Spain, Portugal and South West France.

The Munich-based venture capital firm has announced a first closing of its latest fund on €85m. It is aiming to close on at least €120m next year.

The Dubai-based private equity firm has announced a final close of its maiden real estate private equity vehicle.

American Securities Capital Partners has closed its largest fund ever with total commitments of $1bn.

The insurance giant’s Global Investment Group announced a $239 million final close for Private Equity Portfolio III, a combination of international, domestic and secondary funds of funds as well as a direct investment fund.

Standard Life Investments has announced a first closing of its latest private equity fund of funds vehicle on €250m.

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.