Europe’s largest quoted private equity company 3i is investing alongside its listed infrastructure vehicle in a debut Indian infrastructure fund. Together they will account for half the fund’s capital. Third-party investors will fund the remaining $500m.
ArcLight Capital Partners has joined 3i’s growth capital division in the latest funding round for UK listed Venture Production, as buyout firms continue to target the oil and gas sector.
African buyout firm Venture Partners Botswana has fully invested its first fund and it is looking to raise €150m for its second. The fund recently bought a stake in US insurer AON’s Botswana arm.
The Nordic group has told investors that it is planning to add yet another string to its bow, with the launch of a €1 billion infrastructure fund.
Dubai-based buyout firm HBG Holdings is approaching the final close of its pan-regional fund, which is targeting infrastructure investments in Pakistan and retail growth capital investment in India as well as the Middle East.
Novator, the acquisition vehicle of Icelandic businessman Thor Bjorgolfsson, has sold its 65 percent stake in a Bulgarian telecoms company for €1.6 billion to AIG Investments, a year after it bought the business from an Advent International-led consortium.
The Riverside Company, a lower mid-market buyout firm, has bought Nordic manufacturer Keycast as it builds a fully-fledged Nordic team in Stockholm.
CalSTRS may follow in the steps of crosstown rival CalPERS, selling portions of its portfolio through the secondary market. Last month its board approved this – and two other – significant policy changes.
Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.
Goldman Sachs’ director of media relations for the Americas, Peter Rose, is moving to Blackstone, where he’ll focus on public affairs.
The capital markets arm of Guggenheim Partners, an asset management firm, has received a licence in the run up to the opening of its Dubai office in the autumn, to join the international throng descending on Dubai.
Swiss asset manager Partners Group believes that mezzanine funds may benefit from the recent jitters in the credit markets.
Franklin Templeton Investments’ buyout arm has launched the largest mezzanine fund in central and eastern Europe.
Lehman Brothers’ private equity arm has hit its $500m fundraising target for a listed fund of funds despite planned flotations of other alternative asset vehicles being knocked off course.
Dutch wireless audio company STS has had its first ever venture backing from Kennet Partners, as companies in the wireless space continue to attract venture funding.