The private equity arm of Russia’s largest independent investment banking group held a $154m first close in August on its third fund, which it hopes to close next year. Fellow Russian mid-market-focused firm Delta is raising a $500m fund.
The fund being raised by CCB International aims to bridge the health inequality gap between the country’s urban and rural populations.
The New Zealand private equity firm expects a first close in early 2009 on the fund, which will invest in early stage science and technology companies.
GSK and Pfizer are among the venture firm's limited partners.
The California-based placement agent also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, which is less than the $34.3bn raised last year, but more than the 2006 total of $17.9bn.
The Russia-focused private equity firm headed by emerging markets veteran Patricia Cloherty began marketing its third fund in June. The firm has invested more than $550m in 55 companies in the country since 1995.
Holland Private Equity has held a first close on €40m for its Northern European tech fund. The firm was co-founded earlier this year by Tim van Delden, previously with Avenue Capital and General Atlantic, and Hans van Ierland of Holland Corporate Finance.
Former chiefs of Blockbuster, PepsiCo and Pizza Hut will manage the fund for the Texas mid-market firm.
The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
Against a tough fundraising background, Herkules Capital has broken the record for the largest private equity fund raised in Norway by corralling €690m from investors.