Prague-based Genesis Capital has held a €40m first close with commitments from LPs including the EBRD and Gimv.
Still keen on private equity 2009-07-01 Staff Writer <strong>INVESTMENT OPPORTUNITIES</strong><br> <table> <tbody> <tr> <td>Secondary Directs</td> <td><br> </td> </tr>
OPEN & CLOSED FUNDS OPENED FUND MANAGER FUND TYPE OF FUND GEOGRAPHIC FOCUS NO. Spice 3 Degrees Special 3 Degrees Asset Management, 1 turnaround private equity India, Southeast Asia Opportunities Fund Spice Finance Adveq IV Adveq 4 fund of funds Europe Adveq Technology VI Adveq 6 fund of funds US Fundo de Investimento Privado de […]
An affiliate of the California-based gatekeeper was a minority partner in a co-investment fund accused of kicking back illegal fees for a $750m commitment from New York State Common Retirement Fund.
African Capital Alliance has attracted a $50m commitment from UK government-owned fund of funds CDC Group.
The $182bn pension, the largest in the US, will negotiate with private equity firms for fee reductions on all new commitments. The practice follows a policy the pension implemented in March to negotiate fee reductions with hedge funds.
A manager has yet to be appointed for the fund of funds, which will seek to mobilise private capital into high tech businesses.
The $113bn pension committed to GI Partners, FS Equity, Hellman & Friedman and Charterhouse Capital Partners in the first quarter of 2009.
The private equity firm has signed up its first external institutional investors for the Gimv-XL Fund: three major Benelux-based financial services groups.
Florida State Board of Administration has pledged $250m for a programme to invest in local Florida businesses through private equity funds and co-investments.