Mid Europa Partners has raised the largest ever central and eastern European fund.
Lone Star said in a letter to Accredited Home Lenders today that it would loosen the closing conditions of the deal if Accredited agrees to cut its price from $400m to $225m.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
Sir Richard Branson’s Virgin Group is making its first ever foray into institutional private equity, raising a $400 million Virgin Green fund to invest in renewable energy opportunities.
John Stomber, chief executive of Carlyle Capital Corporation, has apologised to shareholders about poor communication of portfolio troubles as its parent makes its second loan in a week.
Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.
Emerging markets buyout firm Aureos is looking to raise a pan-African fund as it aims to double its funds under management.
The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.
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.
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.
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.
The Riverside Company, a lower mid-market buyout firm, has bought Nordic manufacturer Keycast as it builds a fully-fledged Nordic team in Stockholm.
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.
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.