The $27bn Pennsylvania pension fund has pledged up to $245m to six private equity funds, including $135 million to two funds managed by Summit Partners.
The mid-market firm has closed its fifth private equity fund, with nearly all previous investors returning for another helping.
The European spinout from Hicks Muse Tate & Furst has completed the final stage of its evolution by announcing a name change.
The New York-based private equity firm has closed its third small buyout fund, which was more than two times oversubscribed.
Paris-based PAI Partners has closed its new buyout fund on €2.675bn, confirming that European buyout funds are highly in demand at present.
Having closed its first collateralised loan obligation fund, Carlyle’s European leveraged finance division has brought in a new CFO.
The Bartlesville, Oklahoma-based venture capital fund of funds firm Knightsbridge Advisors has raised $500 million for its sixth fund, which will invest in venture partnerships and post-venture emerging tech companies.
The global investment group has acquired European corporate gift distributor Polyconcept in a secondary buyout.
The former Amadeus Capital partner has signed on with the general partners of IDG Ventures’ $100m European fund.
Chicago-based Prudential Capital Partners have closed its second mezzanine fund at $775 million, exceeding its $600 million target.
The global investment bank has underlined its determination to remain active as an LBO player with the closure of its fifth co-investment vehicle, the largest buyout fund raised to date.
It may only be April, but it is already becoming clear that total funds raised by buyout firms around the world this year will shatter the total garnered in 2004.
Vector Capital has closed its third fund to focus on buyout, spinouts and recaps of established tech and software companies.
California investment and advisory firm Pacific Corporate Group is launching a subsidiary that will make investments and provide advice for clients investing in emerging markets.
The UK mid-market buyout house has announced the final close of its latest vehicle four months after launch.