The Swedish private equity firm has fallen short of its original E300m target for the Procuritas Capital Investors III fund launched in 2001.
The insurer's private equity investment arm says it is on course for a final close on E250m in July 2003.
Schroder Ventures Life Sciences, which closed $2m above its original target, received commitments from 18 institutions that backed the firm for the first time.
Nineteen Finnish institutions have committed to the fund, which will invest in management buyouts across the Nordic region.
The firm has held a final close of its debut fund on E700m and has announced a cast of VIP appointments to its advisory board.
Two US-educated Arab entrepreneurs have set up a $100m fund for investment in the reconstruction of Iraq.
The debt fund management division of Duke Street Capital has closed Duchess II at E550m, meeting strong support from equity investors.
The US-based real estate group has closed its latest real estate fund on $335m, with a third of the fund's capital already invested.
Two new deals highlight the sustained level of interest shown by private equity firms in the growing care homes sector.
Vivendi Universal has chosen US venture capital firm Global Asset Capital to take over its struggling Viventures unit.
The transatlantic general partner, which pursues a buy-and-build strategy in the business services sector, has held a final closing of its debut fund on $500m.
The UK bank will retain a near-20 per cent stake in Montagu Private Equity, which will remain the bank’s primary vehicle for European private equity investment.
Now that prospective investors in private equity funds are approaching the due diligence process with the same rigour as GPs have applied to target portfolio companies, there are some important infrastructure issues a GP has to address. Steven Millner of DML looks at what a GP has to do to make sure an LP is going to be satisfied.
Carlyle, Bain Capital and Texas Pacific have reportedly joined forces to back oil billionaire Marvin Davis in his pursuit of Vivendi’s US media assets.
Kurt Björklund is to head up Permira’s new presence in the Nordic region, working alongside the newly appointed Ole Oftedal, who joins as an industrial partner.