Turkven, an affiliate of Advent International, has closed on $41m and will invest in Turkish growth opportunities alongside Advent’s Central and Eastern European team.
Fundraising in 2001 proved difficult for Wilton Asset Management, whose private equity fund fell $60m short of its original target.
Israel’s largest insurance company is looking to set up its own venture capital fund to invest directly in local businesses.
Private equity managers operating in Central and Eastern Europe say institutional investors will do well to move into local funds before the region matures.
Andrew Matthews joins as a director of the firm’s UK Infrastructure Fund.
Cisco and Infineon contributed to the $220m fund, which has so far made five investments.
Baring Vostok Private Equity Partners returns to Eastern Europe with the first direct investment fund since the 1998 crisis.
Bay Partners X has secured $475m with significant investments from European investors.

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