Morgan Stanley Alternative Investment has committed $35m to the Connecticut-based turnaround specialist, a spin-out from North Castle Partners.
The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.
An SEC filing reveals the mega-firm’s IRRs to date as well as fundraising status for its seventh buyout fund.
The investment arm of global semiconductor manufacturer Intel Corporation has launched its largest country-specific fund to date.
The global buyout firm has closed a distressed credit vehicle on more than double its target, while it raises more than $9.6bn for five other funds.
The global mid-market buyout firm attracted interest nearly double its planned €5bn target, but it scaled back the fund giving existing limited partners priority.
The Silicon Valley venture firm will allocate one-third of the new fund to cleantech.
The San Francisco-based private equity newcomer has closed its oversubscribed fund without the help of a placement agent.
Newbury Partners, launched by Auda Advisors’ former secondaries team, has already committed 25 percent of its debut fund.
The Valence Group, a merchant bank recently launched by Arsenal co-founder Barry Siadat, has completed its first acquisition. Siadat left Arsenal in mid-2007 to pursue specialty chemical investments.