HNWIs

Dubai-based distressed specialist HBG Holdings has held a second close on $120 million for its Middle East and South Asia-focussed fund. It is expected to close this year with commitments ‘north of $200 million’, more than double its initial target.

Morgan Stanley’s Asia private equity group has raised $1.5 billion for the firm’s third Asia-focused fund, underlining the US bank's renewed commitment to the asset class.

Damien Reynolds, head of natural resources investment firm Longview Capital Partners, has launched a new firm that will target renewable energy and cleantech.

The European fund manager has rolled up and sold a package of German retail property for more than €900m, making three times money for LPs in the European Property Investors vehicle.

Oaktree Capital Management has raised $577 million for its first Asia-dedicated private equity fund. The alternative asset specialist which has been operating in Asia since 1998, expects to deploy 80 percent of the fund in Japan and Greater China.

The orthopedics- and dental-focused private equity firm has closed its second fund on $420 million – more than double the size of its debut vehicle.

Menlo Park, California-based Institutional Venture Partners has closed a $600 million fund – twice the size of its previous fund.

The Bahrain-based investment bank will invest in land development in the Danet Abu Dhabi Master Development Project.

The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.

Investment bank Goldman Sachs has raised $20 billion for its sixth buyout fund, the first firm ever to reach this mark - although rival private equity groups are reportedly closing in on even larger totals.