Fundraising

Ardian has raised more than double its closest rival in our exclusive list of the world's biggest secondaries managers.

Hong Kong’s Innovation and Technology Commission will co-invest up to $50m alongside venture capital firms to back tech-focused companies.

The firm, which launched Carlyle Asia Partners V in the second quarter of 2017, is targeting around 30% more than the $3.9bn it raised for Fund IV.

The Swiss firm is targeting senior secured loans, but it will also make investments further down the capital stack such as mezzanine debt and of an opportunistic nature, such as rescue financings.

The South African firm has also launched its seventh flagship buyout fund, for which it is targeting as much as $755m by early next year.

The potential deal involves the Scandinavian private equity firm's 2008-vintage fund which has around €2bn in NAV.

This follows the seventh and final investment in its first co-investment vehicle, which raised €100 m.

Kito de Boer, appointed managing partner to lead the growth market specialist’s impact investing business, told delegates in New York the firm must show other investors a ‘path to success’.

The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.

Private Equity International recently caught up with Asia Alternatives co-founder Rebecca Xu on how its latest vehicle will be deployed.