A detailed report by KPMG and the Gulf Venture Capital Association has revealed the extent of the boom in the MENA region, Toby Lewis examines the figures.
Morgan Stanley Alternative Investment Partners has closed its first distressed debt fund of funds, as the bank continues to expand its private equity activities after pulling out of the market in 2004.
US firm JMI has doubled the size of its previous fund – and its capital under management – with the closing of its sixth fund on $600 million.
Millennium Technology Ventures has bolstered its senior investment team as its founders prepare for a spike in secondary opportunities they expect from an eventual market downturn.
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.
KKR’s first Asia-dedicated fund is set to close soon with $4 billion of commitments, according to a SEC filing ahead of its $1.25 billion initial public offering.
Swedish buyout firm Litorina Kapital has bought swimming pool equipment company Pahlén. It is the second investment from its third fund, which recently held a first close.
Nigeria’s Intercontinental Bank has received a growth capital investment from a consortium of five firms, indicating invetors’ favourable response to the country’s first democratic transferral of power.
Earlier this week, two of the largest US pensions announced their investment gains for the last fiscal year—including another year of strong returns from property.
Hermes Private Equity has secured a £300m commitment for a new direct private equity fund from the BT Pension Scheme.
SVG Capital has had the final close of its latest public equity investment fund, after its last fund delivered an IRR of 46 percent to investors.
The Pennsylvania State Employees’ Retirement System has approved nearly $60 million in new commitments, $30 million of which is earmarked for Advent’s latest Latin American fund.
The orthopedics- and dental-focused private equity firm has closed its second fund on $420 million – more than double the size of its debut vehicle.
UK turnaround specialist Rutland Partners has hired transaction services specialist Liam Camburn from KPMG, boosting its investment team to ten people.