ECP related stories
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Florida commits more than $770m to private equityThe Florida State Board of Administration has committed more than $1bn to the asset class in 2009.
- Energy Capital launches midstream platform
The Goldman spin-out's Summit Midstream Partners has bought a 75% stake in a Texas gas gathering pipeline developer from KKR-, TPG- and Goldman-backed Energy Future Holdings.
- Indiana commits $150m to private equity
Two energy funds and two mega-funds have secured commitments from the $16bn pension.
- When small steps become giant leaps
Big plans do not necessarily produce the best results. One organisation is seeking to improve Africa's investment climate through a series of achievable initiatives. Andy Thomson reports
- Fink targets $5bn for sustainable venture funds
Hedge fund industry titan Stanley Fink has teamed up with the former head of Close Investments, Rufus Warner, to form Earth Capital Partners. The firm will drive “environmental economic growth” via a series of venture-style funds.
- Thin-film solar panel producer raises $300m
Riverstone, Carlyle and Grazia and GLG are among the private equity investors that have helped bring Nanosolar’s total capital raised to just less than $500m. Separately, Nanosolar competitor AVA Solar has raised $104m.
- Energy Capital in first exit to French utility
The US private equity firm has completed its first exit from its debut fund wit the sale of FirstLight for a reported value of $1.9bn. Energy Capital paid $1.34bn for FirstLight’s predecessor company in November 2006.
- Actis invests $49m in Egyptian fast-food chain
The emerging markets specialist plans to expand Mo’men Group for Foods throughout Northern Africa and the Persian Gulf. The deal is Actis' second food-related acquisition in Egypt after investing in halawi and tahina maker El-Rashidi El-Mizan.
- Lime Rock closes $750m energy fund
Lime Rock Partners, a Connecticut private equity firm, today announced the closing of its fourth energy-focused fund on $750m, nearly as much as its three previous funds combined.
- First Reserve closes $7.8bn energy fund
First Reserve, which recently opened offices in Asia, has announced the closing of the largest energy-specific global fund ever raised, at $7.8bn. CEO Bill Macaulay told PEO that investor demand could have made the fund "much larger."