Fundraising

The impact investor’s third fund is 75% larger than its predecessor and has already made five investments.

Fundraising and investment activity in the region hit record highs in 2018 with €97.3bn of capital raised and €80.6bn of deals transacted, according to data from Invest Europe.

The firm has raised $230m for India 2020 Fund III which received backing from investors including the International Finance Corporation, CDC Group and DEG.

The firm is opening a new Tokyo office to help diversify its LP base and accelerate its investment pace in Asia.

Fund XIII is 60% larger than its predecessor and was raised in a matter of months.

The former KKR Americas head has been focused on building the infrastructure of Navab Capital Partners before it starts fundraising.

DCP Capital, founded by former KKR alumni, gathered $1bn more than its $1.5bn target for its debut China fund – the largest fund raised inthe month.

The average time between funds increased to four years and three months in 2018, the first such increase in five years, according to EY research.

The European private equity stalwart's latest fund is the second-biggest capital raise this year.

An abundance of young investments in the current generation of funds is largely behind the lower revenues, the firm said on its Q1 earnings call.