The eight-year-old US venture firm’s Fund III has more than doubled the size of its predecessor, garnering commitments of $170m after nine months of marketing.
The head of JC Flowers has reportedly established a fund under his personal control – a possible solution to stringent US bank holding company regulations.
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
The year-old firm, in partnership with the Kauffman Fellows Program and the Center for Venture Education, has surpassed its original target of $250m.
The German venture capital firm has had a tough time raising commitments for its third fund. After two years of marketing it has closed Earlybird IV below its €200m target, but the firm remains upbeat about prospects for European venture capital.
CHAMP Private Equity will reportedly sell United Malt and International Energy Services, as it plans to hit the fundraising track for its third buyout fund.
The two banks have committed €500m each to a new AAC Capital Partners fund seeded with 11 warehoused investments.
Iconic dealmakers Leon Black and Bruce Wasserstein will join forces through a strategic partnership to pursue private equity investments in Europe bringing together Apollo’s private equity prowess with Lazard’s advisory expertise.
Publicly listed Brazilian private equity firm GP Investments has begun fundraising for its fifth private equity fund, less than one year after closing the previous fund on $1.3bn. The firm plans to target both public and private investments.
The second largest securities brokerage in Japan is putting plans in place to launch a private equity fund and expand its real estate business.