North America

Pomona collects $1.3bn for seventh secondaries fund

The New York- and London-based firm spent about a year fundraising for a vehicle that ended up ‘substantially oversubscribed’.

Edgewater exits IT consultant to Snow Phipps

The Chicago-based private equity firm acquired ITSolutions in 2005 for an undisclosed amount.

Actis appoints West Africa head

The emerging markets giant has hired Ngozi Edozien, who last year founded the Equity Vehicle for Health in Africa.

Monier gets €1bn haircut as PAI loses control

The roofing business – now owned by Apollo, TowerBrook and York Capital – has rid itself of more than €1bn in debt.

Prospect Capital raises $46m in public offering

The business development company, which has seen its share price slide 37% from its 52-week high, will use the proceeds of the capital raise for investments and to maintain liquidity.

Korean government overhauls Green Growth Fund

The government has withdrawn its previous $14m commitment to the fund due to mutually ‘differing expectations regarding the timing and level of fundraising’ with the fund’s previous managers. It has re-awarded another three firms the right to manage the fund and committed a fresh $15m.

LP PROFILE

LP PROFILE 2008-10-01 Staff Writer <italic>Head office</italic>Poststrasse 4Tel: 41 55 415 2820PfaeffikonFax: 41 55 415 2821CH-8808www.shape-capital.comSwitzerlandinfo@shape-capital.comASSETS / FUNDS UNDER MANAGEMENTCHF 250 million as of 30 Jun 2008ALLOCATION TO PRIVATE EQUITY100%YEAR FIRST INVES

Kayne Anderson closes fifth energy fund with $820m

The firm, which had originally targeted $1.6bn for the fund, expects its first investment from Kayne Anderson Energy Fund V to close in the next few weeks.

EVCA draws up placement agent code

Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry.

PCG to pay $2m to settle with New York in pension scandal

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.