Dubai-based Abraaj Capital has secured one-quarter of its targeted fund size at the first close of its infrastructure and growth capital fund.
The London-based firm has closed its largest fund to date after receiving commitments of nearly €900m, almost three times the size of its previous vehicle.
GSR Ventures, an affiliate of Silicon Valley-based venture capital firm Mayfield, has raised $200 million for its second China-focused fund, less than a year after closing its debut fund.
The middle market buyout shop has increased by $200m its third fund, which closed in May 2005 on $650m.
Investcorp raises over $500m from investors in six months and is preparing to raise a dedicated private equity fund.
Abingworth has closed a record £300 million fund, which will target life sciences investments in Europe and North America.
SIDBI Venture Capital and Clearstone Venture are investing a combined $6.5 million into a mobile device designing and manufacturing startup, DGB Microsystems. The startup’s founder and associates are putting in $2 million of their own money.
Countrywide shareholders reject 3i’s £978 million take-private bid, leaving the listed buyout firm about £4 million worse off.
The Private Equity Foundation, a new initiative designed to help the industry co-ordinate its charitable giving, launched in London last night.
Fundraising could reach a record $500 billion in 2007, setting yet another new record after last year’s all time high.