Fundraising

Roark Capital Group has made the first acquisition from its $430m first institutional fund and its sixth franchise buy since November 2001.

The Scandinavian-headquartered life sciences venture capital firm has held a second closing of its fourth healthcare fund.

Legacy Partners, a California-based real estate investment specialist, has exceeded its target for a property-focused private equity fund.

During an intensive period of activity in the energy sector, LS Power Group has completed a $1.2bn final close of its oversubscribed power sector-focused fund.

The 2005 global private equity fundraising bonanza continues with news that Warburg Pincus has closed its largest ever vehicle.

The global investment bank has raised its first private equity fund dedicated to Asia, according to a report.

The Hong Kong-based venture capital firm that spun out of Softbank has beaten an original $400m target to raise $643m, luring a raft of new international investors.

Josh Cleveland, a vice president of Swiss/US asset management firm Capital Dynamics, has joined pioneering private equity real estate secondary specialist Liquid Realty.

Debt and distressed player GSC Partners is launching a hedge fund – and picking up two distressed pros to help. By Aaron Lovell.

The UK mid-market firm has paid £85m to acquire nine hospitals as the basis of a new private hospital chain, Classic Hospitals, which will be the fifth largest in the UK.