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.
The mid-market European fund of funds will invest the vehicle in Central and Eastern Europe, special situations and growth capital funds.
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
The pioneering microinsurance fund has garnered $50m from the likes of the European Investment Bank and Dutch development finance company FMO. The fund will invest in developing countries in Africa and Asia.
The Singapore-based firm will reportedly work with Indonesia’s Ministry of Finance to raise $250m for water treatment and renewable energy projects throughout Indonesia. Ant Global is also raising a $400m direct secondaries fund for Japanese and Taiwanese deals.
Japanese private equity real estate firm KK daVinci sees its equity raising plans and the value of its assets under management hit by worsening market conditions in Japan.
Goldsmith Capital Partners, the alternatives firm set up by Clemens Vedder in 2007, is raising its first private equity vehicle. Whitesmith Private Equity Investors will target opportunities in the retail and financial services sectors.