Technology and life science-focused venture capital firm TVM has raised €240.3 million from European, US and Asian investors to invest in drug discovery and development.
The Australian bank is hoping to raise almost A$1 billion to make controlling investments in global media companies.
The €760 million close completes a trio of 2005 vintage real estate funds for the firm, following August’s closes of US and Asia-focused funds.
Exponent Private Equity, the London-based mid-market investor that closed a £400m buyout fund in August 2004, has completed its first investment.
Bain Capital is noticeably absent from Tenaska’s $838m energy fund, after the two sides had worked out a co-investment agreement in 2003.
American Securities sold its El Pollo Loco fast food chicken chain in a secondary deal, realizing a roughly six times return on its invested capital.
The Omaha, Nebraska energy company has raised an $838m private equity fund to acquire energy and power assets.
Direct secondary investor Saints Capital has closed on almost $100m for its fifth fund, a $150 million targeted vehicle with backing from Adams Street and HarbourVest.
Berkshire Partners and Weston Presidio have continued their run into the party space, acquiring Party City in a $360m take-private transaction.
Former WestAM Private Equity Group head Donald Phillips has launched a new funds-of-funds group, WP Global Partners, which has already launched three FoFs and could soon be in the market with three more.