The West and Central African buyout firm founded by Nigerian executives, was largely backed by local investors as well as CDC, the UK government fund of funds.
The majority of limited partners expect 23 percent returns from 2008 emerging markets investments, according to the Emerging Markets Private Equity Association’s 2008 LP Survey.
The VantagePoint-backed solar energy company has raised fresh capital from a bevy of new investors, just two months after landing the largest-ever US government solar contracts.
Citigroup’s debut infrastructure fund, targeting $5bn, has made its second investment in airport development company Vancouver Airport Services. It is acquiring 50 percent of a subsidiary of Vancouver Airport Authority.
Jean Eric Salata, the Asian firm’s chief executive, said investor demand had been particularly strong because of its low-leverage growth focus.
The oversubscribed fund will deploy ‘substantial capital in China, India and Israel’ while maintaining the firm’s US focus.
Research in Motion, RBC and Thomson Reuters have an answer to the recently launched $100m iFund, managed by Kleiner Perkins. The Blackberry fund will be taking an opportunistic approach.
The US private equity firm has closed on its first global fund with money from founding investors Credit Suisse and General Electric.
The St. Paul Venture Capital spin-out saw all of its limited partners return for its second fund.
The Chicago firm’s latest mid-market fund is larger than the sum of its three previous funds, but will continue its operationally-focussed strategy.