Western Europe

Dutch firm reaches debut fund target

Dutch start-up Holland Private Equity has held a final close for its inaugural fund just above its target, 18 months after it abandoned a private individual-backed model and launched an institutional fundraising.

Queen wins 3i shareholder support

3i has appointed a former investment banker as its new chief investment officer and CEO Michael Queen (pictured)received a ringing endorsement from shareholders at the group's AGM.

Minerals prove profitable for CBPE

CBPE Capital, formerly known as Close Brothers Private Equity, has more than tripled its money following the sale of minerals sector consultancy Stewart Group.

Lloyds keeps buyout group in-house

UK state-backed lender Lloyds Banking Group has decided against granting its in-house private equity arm, LDC, independence, despite many of its peers divesting non-core assets including investment arms.

Cerberus spin-out Tenex nears final close

The Michael Green-led firm is expected to hit its hard-cap of $425m for its debut fund, which has shrugged off the stagnant fundraising market and the hesitancy of LPs to back new firms.

Younger generation promoted to partnership at Cipio

Secondaries specialist Cipio Partners has promoted two of its team, including its chief financial officer, to managing partner, in a bid to introduce a younger generation to the firm's senior management team.

AXA secondaries spree passes $5bn mark

AXA Private Equity continues to capitalise on regulations which make private equity assets less attractive to banks, sealing its fourth secondaries deal to take the value of its recent portfolio acquisitions to $5.1bn.

OPIC commits $500m to ESG-focused private equity

The US government’s development finance institution has provided commitments in the form of senior loans to five funds that focus on agriculture in Africa and renewable energies in Asia.

UK seeks feedback on proposed tax breaks

The UK government is seeking input on its plan to stimulate economic growth by offering small business investors a range of income and capital gains tax relief.

3i mulls expansion into US credit

UK-listed 3i Group, which established a debt division in February, plans to acquire a US debt manager in the next few months, according to CEO Michael Queen.