Fundraising

The Menlo Park, California venture capital firm’s second fund will focus on seed and early stage medical technology and biotechnology opportunities.

AXA Private Equity’s secondary unit has achieved its fundraising target for its Fund of Funds II, which has closed on €250m.

Close Brothers Private Equity, the UK mid-market private equity firm, has closed its Fund VII at a capped level of £360m – beating an original target of £350m.

The Chicago venture capital shop’s newest vehicle is geared toward seed and early stage investments in life sciences, physical sciences and information technology companies.

The financial giant’s newest fund will focus on US investments and European buyout funds.

The Boston- and Palo Alto-based venture capital firm closes its Fund IV with significant commitments from European and Japanese investors.

A year that begun with a degree of trepidation produced some of the biggest achievements enjoyed by private equity firms in Asia to date. The results of PEO’s inaugural Asian Awards poll reflect 2003’s successes.

After 21 months on the fundraising trail, Terra Firma has closed its debut fund on €2bn and is now preparing to invest it in up to ten deals over the next three years.

The New York middle-market turnaround specialist raises more than double its previous fund and surpasses its initial target of $350 million.

Sagitta Private Equity, a private equity firm investing in small UK mid-market companies, has closed its latest fund at £105m – beating its £75m target by 40 percent.