Managers

Accel raises $2bn in VC funds

The venture capital firm closed on $1.5bn for Accel Growth Fund IV, which makes late-stage investments, up from $1bn for its predecessor vehicle a year ago.

Angelo Gordon boosts distressed-debt team after chief leaves

Budget 2016: UK revises carry tax rules

Investments exited in under three years will be taxed as income rather than capital gains. The Chancellor also announced plans to limit how much interest expense companies can deduct from their tax bills.

L Catterton set to hold first close on $2.5 bln flagship fund

Chart of the week: Foreign managers see potential in India

<p><em><span>The proportion of foreign fund managers raising India-focused closed-ended private equity vehicles is climbing.</span></em></p> <p><em><span></span></em></p>

LP Scorecard: NYC Employees’ collects nearly $500 mln in distributions in recent six-month period

NewQuest appoints former CVC exec for China push

Daizong Wang, a former managing director at CVC Capital Partners, will join the firm to set up its Beijing office and focus on direct secondaries opportunities in China.

Italy’s Wisequity IV hits 215 mln euro cap with new U.S. LPs

Fund performance: Late vintage venture portfolio generating mixed results for California investor

Aberdeen to raise first global PE fund of funds

The asset management firm is targeting up to $500m.