Prophet Equity, founded by former Bain & Company executives Ross Gatlin and George Stelling, will take its first fund to market in early 2008 with a $250 million hard cap.
Five years after KKR bought a mini conglomerate from German industrial giant Siemens, it has sold the last piece of it, a manufacturer of catalysts and ceramics, to its UK rival.
The Dubai fund manager hopes its regional expertise will give it the edge as it expands its geographic reach to include Syria, Lebanon and Jordan.
The buyout group continues to enhance its debt market activities with closure of its first ever ‘credit liquidity’ fund.
Istithmar, a Dubai government-owned investment firm, reportedly plans to diversify into venture capital and debt investing as the unavailability of leverage makes larger deals more difficult.
The US firm has raised $400 million for its seventh fund, to focus on early stage investments in biotechnology, advanced materials and specialty semiconductors.
Venture Investment Associates has raised $225 million for its sixth fund of funds, bringing its assets under management to more than $1 billion.
Draper Fisher Jurvetson will join the ranks of private equity and venture firms dabbling in show business: the firm plans to partner with Creative Arts Agency to invest in entertainment projects.
Synova Capital is the latest in a rash of firms launching to target the UK lower mid-market. It follows Darwin Private Equity, a spin out from Permira and CVC; and London openings for Fidelity Equity Partners and HIG Capital.
Abraaj Capital, the Middle Eastern firm, has recruited a senior regional investment banker as its fundraising drive continues.