The Carlyle Group has closed its third US-focussed fund on $605 million, bringing the 10-year-old venture arm’s total capital under management to $3.8 billion. It is the third fund the buyout giant has closed in the past four weeks.
Central and eastern European buyout firm Enterprise Investors has made a ten times return on its partial exit from financial services company Magellan.
US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.
Denham Capital Management is the latest US power industry investor to set up a London office, after recruiting the former head of energy at Japanese bank Nomura International Louis van Pletsen.
Gilde’s latest healthcare fund more than doubles assets under management, while continuing to target early stage deals.
Emerging Capital Partners, the pan-African buyout firm led by Tom Gibian, which started the trend towards regional funds on the continent, looks set to hit the fundraising trail just months after closing its latest fund.
The Belgian venture firm is blazing a trail in Europe with a dedicated clean technology fund as investment in the market surges globally to more than $1 billion in the first six months of the year.
The US investment bank is continuing to strengthen its private equity team, now called Morgan Stanley Private Equity, as it raises a $6 billion debut fund just three years after spinning out its in-house PE group.
The cash infusion is the third private equity investment in the Mumbai-based developer Lodha Group.
South African merchant bank Brait has acquired domestic baker Premier Foods from the Foundation for African Business and Consumer Services for R1.5 bilion.
In a pre-close results statement published today, FTSE 100-listed 3i said its multi-strategy investment model will make it easier to deal with any fallout from the debt market turmoil.
AIF Capital, an Asia-focused private equity firm, which is based in Hong Kong, has added Rajeev Kalra to its India office. Kalra joins AIF Capital from HSBC Private Equity.
Business services specialist Lyceum Capital has sold health and safety company National Britannia Group after two and a half years to asset manager Connaught. Jeremy Hand, managing partner, said there was considerable interest.
Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.
Trade buyer Towergate has bought IT company Open International from Montagu Private Equity, led by Chris Masterson, indicating trade sales are still viable as an exit route.