The San Francisco-headquartered firm has reached a $6bn first close for Hellman & Friedman Capital Partners VII, which is targeting $10bn.
The private equity arm of Singapore's DBS Bank is also opening an office in Shanghai to expand its investment activities in China.
The New York-based media- and technology-focused firm has asked LPs to remain committed to its second fund, noting it is prepared to capitalise on opportunities in the current environment.
The Delhi-based firm has held a first close for its third private equity fund, which aims to raise $250m by the end of the second quarter.
The Australia-listed private equity fund of funds has stopped making new commitments and ceased dividends for now. The value of its portfolio declined 14.5 percent over the last six months of 2008.
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
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.
Last year the firm raised $10bn for two tandem real estate and distressed investment funds. This year it aims to double the dry powder with two similarly inclined vehicles.
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.
The firm is revising its investment strategy for the fund as well as allowing investors to slash their commitments. Before any reductions the fund stands at €3bn.