Capvent

Joe Sovran, a former partner at Swiss fund of funds Capvent, will helm fundraising for Tata private equity funds as the firm aims to collect $1bn by December.

The Swiss fund of funds manager is currently talking to potential investors about a new vehicle that will target primarily direct investments in India.

The Swiss fund of funds manager has launched a European private equity product that will offer investors a 90 per cent capital guaranteed investment.

Capital Venture Partners has announced details of a $400m fund that will focus on “scale down opportunities”.

RWB has appointed Capital Venture Partners to provide investment advisory services for its German retail fund of funds.

Lumi, a provider of nutritional beauty products in China, has raised $20 million in funding led by ClearVue Partners. Fidelity, JAFCO and Capvent also participated in the round, along with existing shareholder, DCM.

One thing is for sure in the European private equity fund managers’ space, a US presence is a must-have if you want to assert yourself as a global player and have credibility with your investors. This seems to count for both the veteran giants with tens of billions in their coffers such as Netherlands-based AlpInvest, UK-based Pantheon and Swiss-based Partners Group as well as the more modest players with single figure billions under management such as Switzerland- based fund-of-funds Adveq and CapVent and, most recently, London-based Hermes GPE.

European private equity has a long history of outperformance in challenging environments. Despite the current geopolitical and macroeconomic tumult, LPs should be prepared to maintain the momentum of their investment programmes.

Sustainability could prove a critical differentiator for a low-growth continent.

Making co-investments is now less about the specific deal and more about the LP-GP relationship.

The fund will invest in small businesses in Europe, combining European management with an Indian manufacturing base.

The Italian private equity firm closed the firm above its €150 million target

The rapid fundraise, which follows the first close of Milan-based Consilium, illustrates renewed LP appetite for Italy.

The firm’s Tata Opportunities Fund has made a final close on its maiden vehicle in one of the largest fundraises for India in recent years.