The Larkspur, California-based private equity and real estate firm is hoping to close on its $50m LRG Capital Hospitality Fund in the next few months. The vehicle will target early-stage restaurants affected with large debt loads.
California-based firm SolFocus has secured funding from venture capital firms including Apex, NEA and NGEN Partners to expand its solar panel manufacturing business. This is the first time Apex has invested in clean technology.
The California-based mezzanine provider is nearing its $100m target for Huntington Capital Fund II, which will be invested in mid-market companies in the southwestern US.
The Government Pension Fund of Thailand has selected the Swiss private equity advisory firm to help implement a $330 million global private equity expansion plan.
The final voting round is open for the Private Equity International Awards. Will Apax again be voted European LBO firm of the year? Is the best North American LP still Yale? Can Advent again take the honours in Latin America? Might Abraaj be displaced as best Middle Eastern firm? Influence all these races and more by voting now.
Five institutions will reportedly sponsor almost half of the fund, at least 30 percent of which is to be invested in the Hainan province.
Aisling Capital has closed its third fund with commitments from the New York State Teachers' Retirement System, the Pennsylvania Public School Employees’ Retirement System and the California Public Employees' Retirement System.
The firms have held a $150m first close and expect to raise $200m by the end of the first quarter.
ARA Asset Management, the real estate fund management company part-owned by Hong Kong entrepreneur Li Ka-shing’s Cheung Kong Holdings, is to launch three country-specific funds.
The US private equity firm has closed its latest mega-fund, Carlyle V, below its original $15bn target owing to the economic climate. The fund consists of primarily returning investors and is 30% committed.