Closure of Roark Capital’s latest mid-market fund more than triples the US firm's assets under management.
Drawing on the resources of its parent company Invesco, WL Ross & Co. has raised a distressed investment vehicle three times the size of its predecessor.
Despite the slowed LBO market, US pension funds’ private equity appetites are as voracious as ever. Megafunds, mid-market specialists, distressed vehicles, and European and Asia-focussed funds are among the latest recipients of fund commitments.
Investcorp capitalises on investor appetite for growth buyouts as credit markets close the door on mega deals for now.
Middle Eastern private equity firm HBG Holdings has sold a management company stake to a private equity fund of The National Commercial Bank of Saudi Arabia, as Middle Eastern governments continue to buy into the asset class.
NEA- and Greylock-backed Northern Light Venture Capital has held a final close on $350 million for its second fund, less than two years after closing its $125 million debut vehicle.
The San Francisco venture firm has closed what it says is the largest-ever ‘crossover’ fund, a tech-focussed vehicle that is both a hedge fund and a venture fund.
Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.
The Nordic buyout firm has raised a later stage venture technology fund a week after it closed a real estate fund specially set up to acquire Nordic hotels.
Fundraisers with solid track record in Asia may no longer need to go to the US for an extensive roadshow if the recent support by two Canadian pension plans for newly established FountainVest was illustrative.
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