Fundraising

The New York-based firm has closed its second fund oversubscribed, exceeding its initial target of $200 million.

The US investment bank has taken a stake in an upper scale residential developer for its third special situations fund.

Johnnic Holdings, a Johannesburg investment holding company, has made a commitment of as much as $43.5m to New York-based Blue Wolf, a new, government- and labour-focused middle-market buyout firm, led by two former New York City comptroller investment executives.

Partners Group, a Swiss listed fund manager, has appointed Credit Suisse, Merrill Lynch and Bear Stearns to launch the listing of a €400m AIM-listed fund investing in Europe, North America and Asia.

Eliokem, a Paris-based manufacturer of niche specialty chemicals, will be exited to AXA Private Equity.

The mezzanine and preferred equity investor, founded by two former bankers, has proved its model to investors and raised twice as much as its 2004 debut.

KSL Capital Partners, a private equity fund specializing in the travel and leisure sector, has closed its new fund on about $1.1bn, outraising its original target of $750m.

As many as 900 people are expected to attend Carlyle’s annual investor meeting in Washington DC next week, during which the firm is expected to unveil further details about its new Middle East and hedge fund platforms.

Baring Private Equity Asia has raised $490 million in a new Asia-focused fund that will be seeking opportunities in Japan for the first time, founding partner and chief executive officer, Jean Eric Salata tells PEO.

3i and Star Capital Partners have sold Swiss aircraft maintenance company SR Technics to a consortium of investors from the United Arab Emirates for €1 bn.