The Nordic Bank has listed an infrastructure fund on the LSE to invest in India’s energy and transport sectors, and is close to completing its maiden investment in a hydroelectricity generator.
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
The UK’s Railpen, Denmark’s PFA pension, and The Indiana Public Employees Retirement Fund were among the limited partners that committed to the fund of funds.
The Long Island, New York-based firm has held a final close eight years after the close of its $213m predecessor fund, which targeted both venture capital and buyouts.
The fund exceeded its $200m target after six months in the market. It will focus on lower- and mid-market oil field services deals, a niche the firm’s managing partners say is overlooked by other private equity firms making energy plays.
Konzen Group, a Singaporean water firm, and AmInvestment Bank, a Malaysian bank, have launched a private equity fund to invest in water treatment and waste water management throughout China and Southeast Asia.
Venture Capital Bank has launched a $15m fund to invest in SMEs and start-ups in the Bahrain, one of the first of its kind for the kingdom.
The French bank has chosen the MENA region for its first private equity fund outside of Europe. It is reportedly launching at the end of the summer.
The Japanese financial services conglomerate is committing $100m to Hopu Investment Management, the China-focussed private equity firm founded by Goldman executive Fang Fenglei.
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt.