Fundraising Updates: Pimco, Chart Capital, American PE Partners
Culled from regulatory filings, here are some recent private equity fundraising updates, not reported elsewhere. Emerald Hill Capital Partners, an Asian-focused fund of funds, has raised $155 million toward its $300 million target for its second fund. The fund received a commitment $60 million commitment from Utimco. Emerald Hill was founded in 2005 by Eugene Choung, former director of Private Equity for the University of Chicago Endowment, and David Spencer, formerly of GE Capital. Greyrock Capital Group, a Chicago-based mezzanine and equity investor, has raised $73 million from nine investors toward GCG Investors II. The fund, formed in March 2007, has a $250 million target. The firm has invested in three companies from fund two already: Paragon Products, Novolyte Technologies, and Andrews International. Pacific Investment Management Company, or Pimco, is in the market with its
