The Beijing Zhongke Fangshan Venture Capital Fund will reportedly invest in hi-tech companies in the capital’s suburban areas.
The Swiss health-care investor is raising its second venture capital fund, which will focus on the growing private health care sector in Europe.
The first such fund raised by the Swiss alternative fund manager was targeting a $400m final close.
CVC has missed the €12.1bn target for its fifth European buyout fund in a tough environment that has seen several firms slash targets on new and existing funds. The UK-headquartered firm is also reported to be among private equity firms looking to part-privatise UK Royal Mail.
The UK has unveiled new measures to help its battered banking industry, but BVCA chief Simon Walker cautions 'while a host of private equity investors stand ready' to rescue ailing companies, they can only do so if the banks actually get lending.
A $6bn fund targeting financial services closed last year will downsize to $4.5bn in commitments. TPG is telling investors an influx of US government rescue cash to the sector has diminished opportunities.
Three industry titans vie for one prestigious PERE award. Have you cast your vote? Polls close on 3 February for the third annual PERE Global Awards and competition is fierce. Will MGPA or GIC take the Asian firm of the year award. Will Niam/Goldman Sachs beat competition from AIG for European exit of the year?
The Toronto Stock Exchange-traded alternative asset manager has reduced the final target for its buyout fund to $4bn from $4.5bn, but can increase its commitment in the future.
The European private equity firm has departed from the traditional 2% management fee structure, opting to take 1.75% for managing its latest fund.
Colony Capital chairman Tom Barrack says the industry faces its ‘greatest opportunity and challenge’ this year, with 2009 investments expected to make ‘historically high returns’. Not all firms will survive though, with those fundraising facing significant obstacles.