The Ho Chi Minh City-based private equity and real estate firm has hired a former Zurich Financial and UBS investment professional to help launch two follow-up vehicles.
After delaying the pricing of their IPOs one day, the two fund managers said they now expected to raise just $250m and $200m respectively – compared to Colony’s original target of $500m and Apollo’s $600m.
The investment has been made as the firm raises its third pan-African vehicle, which is targeting $1bn.
Leon Black’s firm is close to the halfway mark as it seeks to raise $2 billion to invest in non-performing loans across Europe.
The Chicago-based firm has been appointed by the Teacher Retirement System of Texas to co-invest in opportunities in North America first and then on a global basis.
Almaz Capital Partners, a Russian venture capital firm backed by global networking giant Cisco and Russia’s UFG Asset Management, is set to garner a commitment from the EBRD.
The sovereign fund, whose portfolio recently recouped some of the value it had lost in the past fiscal year, has not made clear how its private equity investment strategy may shift.
The firm has invested 20% of Fund III's committed capital. It has also realised the real estate portion of its debut fund.
The private investment firm's distressed debt fund was 50% oversubscribed.
Rob McCombie has joined the Close Brothers spin-out, which has so far raised £300m for its first fund independent of its former parent.