The hedge fund manager has launched a distressed debt fund ‘with private equity features’, targeting up to $600m; Blackstone has reportedly launched its own debt vehicle seeking $1.5 billion.
The private equity firm’s chairman, John Snow, has said Cerberus will raise a fund dedicated to undervalued assets under distress due to current market dislocation. He also said Cerberus funds 'are open' to Chinese sovereign fund investment.
The fund, anchored by a $90m commitment from the Ontario government and backed by LPs including OMERS, is the latest Canadian vehicle aiming to assuage declining venture funding in the region.
Investors have flocked to Waterland's focussed offering of a regional buy-and-build strategy, which has served them well over the last nine years.
The quoted infrastructure manager has raised £340m in equity and debt to fund its future infrastructure acquisitions, as it delivers ahead of initial return targets and looks to capitalise on market distress.
Bayside Capital will provide refinancing and equity infusions to companies with total enterprise values of less than $400m.
Jeremy Coller says the slowdown in distributions is forcing investors to focus, and most of them are worried by any strategic drift in GPs’ hunt for deals.
Mexican VC IGNIA’s first fund, targeting up to $75m, will seek to create social impact throughout Latin America without sacrificing returns.
Tuninvest, the Tunis-based private equity firm, has closed its second fund focused on the Maghreb region on €125m.
Perth's Viburnum Funds has launced its second fund to invest in SMEs in the state of Western Australia.