BNP Paribas’s alternative assets arm will take a minority stake in the management company of Northern Lights Ventures and will also commit to one of its funds. The two have teamed to buy stakes in institutional asset managers.
1 min read · 05 January 2013
The Danish fund of funds manager’s fourth fund has hit its target size. While it will remain open to for further commitments, the firm doesn’t expect the fund to hit its €800m hard cap, given current fundraising climate.
1 min read · 05 January 2013
The head of Gresham’s London office has left the UK mid-market firm after almost a decade.
1 min read · 05 January 2013
UK mid-market private equity firm Isis Equity Partners will eliminate three positions.
1 min read · 05 January 2013
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.
2 min read · 05 January 2013
Shackleton Ventures has deviated from its typical direct secondaries strategy, making a follow-on investment into medical technology company Nanosight. It purchased the stake from UK government-backed NESTA, which hopes the deal will set a precedent for early stage secondaries investments.
2 min read · 05 January 2013
The nascent New York-based fund of funds has committed $5m to Element Capital's second cleantech fund, which has raised $490m. Solution Capital is raising $200m for its first fund of funds; in December it held an $11m first close with GP commitments.
1 min read · 05 January 2013
Paris-headquartered AXA Private Equity has formed a partnership with Italian industrial firm Tozzi Group to invest in Italian wind farms, hydroelectric and solar projects. AXA hopes to capitalise on the renewable energy sector which infrastructure head Mathias Burghardt says has a 'bright future'.
1 min read · 05 January 2013
The venture capital arm of German technology firm Siemens has raised almost half of its $200m target.
1 min read · 05 January 2013
A study released today has found private equity-controlled firms are 2% more productive and have 72% more effective management than their government, family or privately owned equivalents. Harvard Business School professor Josh Lerner also said that private equity-backed firms ‘come out on top’ during recessions.
3 min read · 05 January 2013
