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Milan, Italy

Italian SWF spinout raises €1.4bn for country’s second-largest fund

FSI I marks Europe’s third-largest debut fund targeting a single country since the global financial crisis.
Gilets jaunes

France Invest’s Gaillard on why PE isn’t at odds with the gilets jaunes

France’s parliament is working on legal reforms that introduce a tax-efficient system to distribute a portion of capital gains among all employees of an acquired company.
Darts on target

Hermes reaches target on fourth co-invest fund – exclusive

The firm held a first close on Hermes GPE PEC IV Co-Investment Fund, which has a $500m hard-cap.
Henry Elkington

PEI Media names Henry Elkington as chairman

Elkington, who holds senior positions at several data-focused firms, joins Private Equity International's parent company.
Tweak

Carlyle tweaks carry on latest tech fund – exclusive

Carlyle Europe Technology Partners IV, which closed on €1.35bn last week, will charge 25% carry after it returns 2.25x cost to LPs.
Munich, Germany

Munich PEP woos institutions with third FoF

The fund has already made commitments across seven vehicles, meaning LPs can buy into an existing portfolio.
London, UK

Three Hills hits €540m hard-cap after opening to institutions – exclusive

The Byron owner is looking to make six to eight additional hires over the next 12 months, founder Mauro Moretti tells PEI.
Technology

Carlyle doubles tech appetite with €1.35bn close

Carlyle Europe Technology Partners IV closed on its hard-cap as TMT-focused funds seek the highest amount among sector-focused strategies.
Abstract glowing forex planet background. Global business and trade concept. 3D Rendering

Amundi to seek €500m for latest ‘mega-trends’ PE fund – exclusive

Europe's largest asset manager will use the fund to invest in companies benefiting from trends including technology and social changes.
Long-term hourglass

Ex-Obama advisor nears $1.5bn close for Buffett-style long-holds – exclusive

Cranemere Group has raised capital from a Middle Eastern family office, a public US institution and a UK pension, PEI understands.

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