AXA Private Equity’s secondary unit has achieved its fundraising target for its Fund of Funds II, which has closed on €250m.
Argantis, a new fund aiming to take advantage of opportunities in Germany’s Mittelstand, has announced a first closing of €100 million.
The firm has received backing from 15 institutions at the final close of its oil & gas focused fund, including a E25m commitment from Société Générale Asset Management.
Intermediate Capital Group has closed its Eurocredit CDO III fund on E250m, despite what it described as ‘very tough’ fundraising conditions.
Terms in the partnership agreement governing Permira’s E5.1bn Europe III fund reflect private equity investors’ requirements to publicly disclose details of their participation in the asset class.
Nineteen Finnish institutions have committed to the fund, which will invest in management buyouts across the Nordic region.
Two US-educated Arab entrepreneurs have set up a $100m fund for investment in the reconstruction of Iraq.
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.
MidOcean Capital, the newly established private equity group which last week acquired a E1.5bn portfolio of late stage investments from Deutsche Bank, is to manage the remaining assets owned by Morgan Grenfell’s Fund IV, valued at E1bn.
The Los Angeles-based firm has exceeded its original $1.5bn target for its fourth mid-market fund.
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Darby Overseas Investments has acquired Prudential Financial’s $246m Asian mezzanine fund.
Primary Capital has closed its second UK and European buyout fund at £100m.
Turkven, an affiliate of Advent International, has closed on $41m and will invest in Turkish growth opportunities alongside Advent’s Central and Eastern European team.
Fundraising in 2001 proved difficult for Wilton Asset Management, whose private equity fund fell $60m short of its original target.