Toby Mitchenall
The global buyout group has taken another step away from venture capital. It closed its venture-focused Boston office last year.
The development-focused fund of funds has received a revised investment remit from its shareholder the UK Government, which will redirect investment from China and Latin America to Sub-Saharan Africa.
Economic turbulence is throwing up opportunities for emerging market-focused private equity funds to make investments at favourable prices, but capital-constrained LPs are urging caution.
The German and US alternative investment manager is joining forces with Cukierman & Co, an Israeli investment banking group, to launch a €200m private equity fund. Cukierman is also pursuing hydroelectric infrastructure projects in Georgia.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of Ontario Teachers’ and the CPPIB by crossing the pond to source deals.
The C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of the Ontario’s Teachers’ Pension Plan and the Canada Pension Plan Investment Board by crossing the pond to source deals.
Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.
The European private equity firm has backed the management buyout of LEXSI, a French provider of IT security services, for an undisclosed amount.
Having passed the halfway mark on fundraising for its new Pan-African fund, its largest ever focused on the region, the mid-market investor is hoping to have invested between $80m and $100m by the end of the year.
The Tchenguiz family, along with three international development funds are the cornerstone investors in The Evolution One Fund, which has raised 40 percent of its targeted R1bn total.