The first fund from two veteran Spanish dealmakers has garnered €170m from a predominantly European investor base.
The Atlanta, Georgia-based financial services firm has ceased fundraising for its debut venture fund, launched in 2007, due to market volatility.
Veronica John-led IDFC Capital has set up shop in Singapore and made new hires as it prepares to raise a $500m emerging markets fund of funds.
The firm’s private equity funds grew AUM and management fee income, but booked pre-tax distributable earning of $18m, down from $82m in the same period last year.
The $184bn pension, struggling with the denominator effect, committed $750m to Blackstone’s previous buyout vehicle. CalPERS documents confirmed rumours that Blackstone has lowered its fund target to between $15bn and $20bn.
The fund's investments in turn-key renewable energy infrastructure projects across the EU will be managed by German renewable energy specialist and asset manager SachsenFonds. Aviva and SachsenFonds previously partnered on a €600m Central European property fund.
The Chinese private equity firm was set up last year by former senior executives at Singapore's Temasek, which is an anchor investor in the fund.
Private equity investments have started to increase amid relaxed regulations and the Chinese government’s commitment to prevent a slow down in the economy.
Allco Equity Partners has terminated its management agreement with its struggling parent company, a move being disputed in court. Meanwhile, fellow Australian buyout firm Hastings is reportedly planning to separate from its parent, too.
The Australian venture capital firm fell short of its A$200m target owing to the 'market turning quite a bit in the last couple of months'.