Fundraising

Investcorp wrapped up the fundraising for its second ‘venture-buyout’ fund, closing on $300m for its Investcorp Technology Ventures II. The fund, which was oversubscribed, exceeded its target by $50m.

The past three US vice presidents have all left public life to join private equity firms – now, even those who didn’t win a presidential election are cashing in on the trend. By Paul Fruchbom.

The global private equity firm has followed up a recent investment in Mexico with its first fund focused specifically on the country.

The Santa Monica-based venture group has partnered with three principals to launch its debut fund, focused on the US emerging domestic market.

Diamond Castle Partners, which spun out of DLJ Merchant Banking last year, has held an interim close of $568m, according to SEC documents.

Espirito Santo Capital and Sigefi Private Equity have held a final closing of their crossborder Iberian-French private equity fund.

German private equity firm Deutsche Beteiligungs has begun fundraising for its fifth vehicle.

Palo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.

Carlyle/Riverstone, less than two years after closing on $1.1bn in commitments for its second fund, has amassed $2.45bn for its follow up effort.

Brazos Private Equity Partners has carved the ORS Nasco unit out of Ireland’s Unidare plc, acquiring the US wholesale distributor in an $81m deal.