North America

Hony taps Canadian oil and gas reserves

<p>The China-focused GP has partnered with Canada’s CCEC for a C$500m joint venture.</p>

Cyprium hits $307m for Fund IV

<!--StartFragment--><p>Cyprium spun out of Cleveland-based regional bank KeyCorp in 2011. </p> <!--EndFragment-->

CVC hires managing partner from Welsh Carson

<p>John Clark will focus on mid-market investments in the technology and software sectors.</p>

SSM seals 7x software exit

<p> <strong><span>The growth equity firm has sold Third Coast Holdings for $290m.</span></strong> </p> <p><strong><span></span></strong> </p>

CPPIB, Onex seal $5.4bn exit to Blackstone

<p><span lang="EN-US">The sale of Gates Corporation will result in a 2.2x return multiple and 26% IRR for both CPPIB and Onex.</span> </p>

Waterton hits $1bn hard-cap for Fund II

<p>The Canadian private equity firm surpassed its $750m target for its second flagship fund.</p>

Louisiana commits $100m to private equity

<p> The retirement system will commit $25m to EnCap Flatrock and $75m to Vista Equity Partners.</p> <p> </p>

Allen joins Balderton in backing Scytl

<p>Microsoft co-founder Paul Allen's firm is ploughing £40m into the Spanish voting software company.</p> <br />

Cinven books 1.5bn gain on Numericable

The UK buyout firm has boosted its return further by selling its remaining stake to partner Altice.

Lightyear promotes Petrzela to managing director

Michal Petrzela joined the financial services-focused firm in 2005 and will become a member of Lightyear's investment committee.