North America

Rockland collects $352m for Fund II

The firm is nearing its $425m target for investments in the power and energy sectors.

ACON and TPG seal 9x energy exit

<p> The firms have sold Minnesota-based downstream energy company Northern Tier Energy, which they formed in 2010, for $775m.</p> <p><em></em></p>

Water Street hires VP from Avista

<p>Katie Ossman left Avista Capital Partners in September and will work on sourcing new opportunities for Water Street’s $750m Fund III. </p>

Spring Lake collects $122m for debut fund

The Tudor Investment Corporation spin-out is targeting $250m for later stage investments in technology companies.

Blackstone-backed Merlin soars on London debut

The UK-based leisure group - which has seen its revenues grow from £50m to more than £1bn under Blackstone's ownership - was valued at £3.2bn when its IPO priced on the London Stock Exchange this morning.

Kedaara sails to $540m final close

The first time fund led by ex-Temasek executive Manish Kejriwal was closed oversubscribed, and represents India's largest-ever independent debut vehicle.

Inventis in $1bn first close on China fund

The Shanghai-based growth capital firm led by Kwek Ping Yong has reached a first close on its sixth fund, attracting mainly re-ups from the previous vehicle.

Actis in $220m Africa energy deal

The UK-based emerging markets firm has added to its African energy portfolio by acquiring utilities in Cameroon.

Carlyle nears $12.9bn close oversubscribed

The group's latest US buyout fund is expected to reach a final close in the coming weeks, bringing the firm its second best fundraising year in its history, said David Rubenstein, co-CEO.

Spectrum Equity in 3.2x healthcare exit

Spectrum and Great Hill Partners will sell healthcare payments company Passport Health Communications for $850m after investing in the company in 2008.