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The two groups have bought a majority stake in imaging services provider Alliance Imaging from KKR in a deal worth about $153m.
The Providence, Rhode Island-based firm has tripled the size of its previous fund with the closing of its sixth, Providence Equity Partners VI.
New York-based Apollo and Indian investment group SUN have closed a $630m fund focused on the Indian property sector.
ING Real Estate has closed its first China-focused opportunity fund on $350m with plans to focus on residential developments in primary and secondary cities.
Bear Stearns Merchant Banking will place an increasing focus on financial services companies as it seeks to differentiate itself from other ‘captive’ models.
New York-based Conduit Capital Partners has wrapped up fundraising for its third fund targeting power generation projects in Latin America, with commitments totaling $393 million – making it the largest PE fund to be raised for the region since 1998.
Private equity has extended to the far corners of the world, cropping up in some unexpected locales. Judy Kuan speaks with Robert Fogler, co-founder of the Rwanda-focused Thousand Hills Venture Fund, about the role for private equity in a smaller market – but one that might well be on a fast-track for growth.
Chequers Capital, a mid-market buyout firm based in Paris, has raised €600m for Chequers Capital XV, double the size of its predecessor.
The UK mid-market investor has garnered twice the capital raised for its second vehicle, which closed in 2002.
Pacific Equity Partners has raised a total of AU$1.2bn in capital – AU$800m for a core mid-market strategy and AU$400m for a supplemental fund.