JP Morgan spin-out CCMP Capital has closed its first global fund, which will focus on buyout and growth equity opportunities.
Dubai International Capital, the alternative asset manager, has acquired a stake in US hedge fund Och-Ziff Capital Management in advance of its impending flotation. The hedge fund manager is the latest of numerous firms to receive backing from a state investor.
In a recent interview with sister magazine Private Equity International, Oaktree chairman Howard Marks discussed his firm’s rapid expansion and expertise in profiting from troubled times.
A $3.5 billion distressed-for-control fund was recently closed by MHR Fund Management, the New York firm led by Carl Icahn’s former chief investment advisor Mark Rachesky. It is more than three times the size of the firm’s 2002 fund.
Puget Sound Energy, Washington state’s largest utility company, will be taken private in a $7.4 billion transaction by a consortium including Macquarie, the Canada Pension Plan Investment Board and British Columbia Investment Management Corporation.
Segulah, the Nordic mid-market firm, has closed its fourth fund on more than €500 million, five times oversubscribed, seven weeks after issuing its private placement memorandum.
Adveq, the Swiss fund of funds, has opened its first Asian office at the same time as closing its debut fund for the region.
US venture firm Draper Fisher Jurvetson has closed its first-ever growth stage tech fund on $290 million, exceeding its $250 million target. The fund is already 25 percent invested in five companies DFJ hopes will become ‘$1 billion’ enterprises.
SVG Capital, the UK fund of funds, has hired James Witter (pictured) and Sharad Rathke as directors after making a trio of appointments last month.
CDC, the UK government-backed emerging markets fund of funds, has nearly quadrupled its allocations to microfinance - the provision of small loans to entrepreneurs in developing nations.
Syncom, a US venture firm that typically targets African American- and Hispanic-owned media and communications companies, has garnered $275 million from influential limited partners for its fifth fund.
LGT Capital Partners, the Swiss alternative asset manager, has turned away investors following strong demand for its latest fund of funds targeting the small buyout space.
Alpha Associates, the central and eastern European fund manager, has held the final close of its second fund, which is already 40 percent committed.
Abraaj Capital, the Dubai-based investment firm led by Arif Naqvi, has held a record close on its infrastructure and growth capital fund as it mulls listing on the Dubai stock exchange DIFX.
The European buyout group has more than doubled its predecessor fund with its latest close, while its 2004 fund has fully paid back investors after three exits.