Abraaj Capital, the Middle Eastern firm, has recruited a senior regional investment banker as its fundraising drive continues.
The private equity firm has raised $1.75 billion for its sixth Atlantic and Pacific fund, a vehicle for non-US limited partners.
Following the lead of Tom Hicks and Michael Gross, US billionaire Ron Perelman plans to raise a $500 million blank-cheque pool to complete an unspecified acquisition.
The China-focussed venture firm has closed a second fund twice the size of its debut vehicle, just one year later.
Jayanta Banerjee has returned to ICICI Venture after a six-month stint at Lehman Brothers where he was leading the bank’s private equity investments for India. He will kick-start fundraising for the firm.
The US private equity firm has raised $2.5 billion for investments in the upstream sector of the oil and gas industry.
In the wake of a liquidity crisis that has affected megadeals, The Blackstone Group continues to expand its activities in other areas with the closing of its fourth European collateralised loan obligation fund.
Global fund of funds HarbourVest Partners has completed its first public offering, as it attracted $300 million of fresh investments, while $530 million of existing investors transferred their assets, despite problems in the worldwide markets.
Australia-focussed Propel Investments, a recent spin-out of Deutsche Bank’s Australian private equity unit, has recruited two professionals to add to an existing seven-strong team.
CVC Capital Partners, the global buyout firm, is consulting investors for its latest fundraising effort while its chairman Michael Smith has reportedly said limited partners as long-term investors are not driven by short-term problems.