Private Equity News & Analysis

OPENED & CLOSED – September 2004

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OPENED & CLOSED

FUNDS OPENED
FUND FIRM FUND LAUNCHED TYPE OF FUND GEOGRAPHIC FOCUS
NO.
Carlyle Leveraged Finance Europe Carlyle Group 1 Aug-04 Leveraged finance Europe
Alternative Investment Capital II Alternative Investment Capital 2 Aug-04 Fund of funds Europe, USA
Windstone Opportunity Fund Windstone Capital Partners 1 Aug-04 Private equity Southwest USA
AXA Secondary Fund III AXA Private Equity 3 Aug-04 Secondary Europe, USA
GSC European Mezzanine Fund II GSC Partners 2 Jul-04 Mezzanine Europe, USA
FUNDS CLOSED
NAME OF FUND NAME OF FIRM FUND LAUNCHED TYPE OF FUND GEOGRAPHIC FOCUS
NO.
Exponent Private Equity Partners Exponent Private Equity 1 Mar-04 Buyout UK & Europe
FFC Partners III Ferrer Freeman & Co 3 Private equity US
Galen Partners IV Galen Partners 4 Private equity US
Equest Investment Bulgaria Limited Equest Partners 1 Private equity Bulgaria
Golden Gate Capital II Golden Gate Capital 2 Private equity US
EQT IV EQT 4 Jan-04 Private equity Northern Europe
Duchess III Babson Capital Management 3 2003 Collaterised debt obligation Europe
Pitango Fund IV Pitango Venture Capital 4 Q4 2003 Venture capital Israel
Accent Equity Partners I Accent Equity Partners 1 2003 Private equity Nordic region
Trident III MMC Capital 3 Private equity Global
Investitori Associati IV Investitori Associati 4 Buyout Italy
Lead Capital Fund Banco de Invetimento Global 1 Jun-04 Buyout Iberia
Pantheon Global Secondary Fund II Pantheon 2 Oct-03 Secondary Global
Caltius Partners III Caltius Capital Management 3 Sep-03 Mezzanine Continental US
ARC Energy Venture Fund 4 ARC Financial Corporation 4 Private equity Canada
Health Care & Life Sciences III Fund Advent International 3 Venture capital Global
CapMan Mezzanine IV CapMan 4 Mezzanine Nordic region
Iris Capital II Iris Capital 2 Dec-03 Venture capital Europe
Cape Natexis Private Equity Fund Natexis Cape 4 Oct-03 Buyout Italy
Hutton Collins I Hutton Collins 1 Private equity Europe
Platinum Equity I Platinum Equity 1 Buyout Global
Hellman & Friedman Hellman & Friedman 5 Private equity US, Europe and Australia
Partners V
Bain Capital Fund VIII Bain Capital 8 Apr-04 Private equity Global

SECTOR FOCUSTARGET FINAL TOTALCONTACTAll sectors€500 millionEach month Private Equity International, and its sister onlineAll sectors$200 millionpublication PrivateEquityOnline.com, monitor private equity firms that areTechnology, insurance, financeraising new funds. Here we track those funds that have recentlyAll sectors$800 millionlaunched their most recent fund(s) as well as those firms that haveAll sectors€500 millionannounced a recent close for a fund they have been raising.SECTOR FOCUS1ST/2ND/FINALTARGET FINALAMOUNT CLOSEDCLOSEDLPs COMMITTEDCLOSETOTALAll sectorsFinal€300-350 million€400 millionAug-04Pantheon Ventures, Allianz PrivateEquity Partners & othersHealthcare servicesFinal$400 million$400 millionAug-04Not disclosedHealthcareFinal$300 million$250 millionAug-04Verizon Asset Management,Daimler Chrysler & othersAll sectorsFirst€40-€50 million€32 millionAug-04Commerzbank London, GriffithCapital & othersAll sectorsFinal$1.8 billion$1.8 billionAug-04Not disclosedAll sectorsFinal€2 billion€2.5 billionAug-04Investor AB & othersLeveraged financeFinal€450 million€450 millionAug-04Not disclosedCommunications,Final$300 million$300 millionAug-04CalPERS, HarbourVestinformation technolgyPartners & othersAll sectorsFinal€250 million€250 millionAug-04Not disclosedInsurance, employeeFinal$1.1 billion$1.1 billionJul-04Not disclosedAll sectorsFinal€600 million€700 millionJul-04Not disclosedAll sectorsFirst€50 million€20 millionJul-04Not disclosedAll sectorsFinal$900 millionJul-04Not disclosedService-oriented industriesFinal$300 million$300 millionJul-04Adams Street Partners,HarbourVest Partners,US Bancorp & othersEnergyFinalC$403 millionJul-04Not disclosedBiotechnologyFinal$125 million$125 millionJul-04AstraZeneca & othersManufacturing, First€105 millionJul-04Not disclosedservice and retail sectorsMedia, communicationsSecond€200 million€144 millionJul-04Caisse des Depots Group, Ergoand information technologyEquity Partners & othersAll sectorsFinal€110 million€120 millionJul-04Natexis Private EquityInternational, CNP Assurances,Henderson Private Capital& othersAll sectorsFinal€600 million€235 millionJul-04Adams Street Partners, PantheonVentures, Northwestern Mutual,Credit Suisse First Boston & othersAll sectorsFinal$700 million$700 millionJul-04Not disclosedAll sectorsFinal$3.5 billion$3.5 billionJul-04New York State Teachers’ CapitalRetirement System, CalPERS,OMERS & othersAll sectorsFinal$4.25 billionJun-04Not disclosed($3.5 billion+ $750 million)