The alternative investments arm of Deutsche Bank Asset Management has closed a $775 million secondaries fund, which will also be used for co-investment.
The two groups have bought a majority stake in imaging services provider Alliance Imaging from KKR in a deal worth about $153m.
Axiom Asia has achieved a final close on an Asia-focused fund-of-funds, raising $440 million in less than a year since it set up. Asia Alternatives and Emerald Hill are also raising their first Asia-dedicated fund-of-funds.
The joint venture between Venturion Capital and former Marsh & McLennan chief Jeffrey Greenberg has closed its first fund.
As the beleaguered California gatekeeper announces a new ownership structure, CalPERS is committing $800 million to ‘cleantech’ and emerging markets programmes managed by PCG.
The Providence, Rhode Island-based firm has tripled the size of its previous fund with the closing of its sixth, Providence Equity Partners VI.
Swiss alternatives manager Partners Group is acquiring heavyweight US real estate advisor Pension Consulting Alliance.
The manager of private equity at the New York State Teachers’ Retirement System will become a vice president in AIG’s fund of funds business.
The investment banking giant is bringing its real estate, private equity and infrastructure practices under one roof and promoting real estate co-head Jay Mantz to co-run the new direct investment department.
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.