Electra Partners has raised £100m to deploy alongside the capital of its main client, Electra Private Equity plc, as the latter returns to fully-blown private equity investment.
The China-focussed venture capital firm has raised its second fund and expanded its investment team in the country.
The Kuwaiti bank has launched a fund of funds to provide its private banking clients with an opportunity to invest in rapidly growing Indian companies.
The BioDiscovery 3 Fund will invest in therapeutic drug companies across Europe.
The firm has also promoted four staff, including rewarding Noman Mushtaq for setting up its first US office and promoting Nils Johannessen to take over the legal business.
The European firm has raised its first early stage clean tech fund nearly two years since its first close. The firm quintupled the size of its last capital raising in 2001 in an effort to avoid dilution by larger investors in later funding rounds of successful companies.
Although investment guidelines have not yet been set, people familiar with Brazil’s proposed sovereign wealth fund say it may favour ‘politically related’ investment mandates over the alternative investment allocations embraced by peers.
The South African buyout firm is considering raising the largest ever solely African buyout fund less than two years since raising a $750m fund.
The emerging markets fund of funds has made its second large commitment to Actis' funds this year, investing in the firm’s global private equity fundraising attempts. In January it invested nearly $1bn in the firm’s latest infrastructure fund.
The growth equity investor, formerly Paladin Private Equity, has held a final close on its debut cleantech fund, slightly short of its target.