ICICI Venture is to suffer another high profile departure. Deshpande is set to leave the firm, reportedly to take a position with NEA, just months after Aluri Rao left to lead Morgan Stanley Private Equity’s India operations.
Announcing plans to save the investment bank from collapse, Lehman Brothers has confirmed speculation it will sell a majority stake in its investment management unit, which includes Lehman Brothers Merchant Banking, Lehman Brothers Real Estate and groups managing venture capital, infrastructure, credit and funds of funds.
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team ahead of a reported $5bn fundraising effort
HighView Investment Group, led by former BlackRock co-founder Ralph Schlosstein, has garnered $600m in commitments to target minority interests in independent alternative asset managers, including real estate.
The £132.5m sale comes as the UK’s Competition Commission is threatening to force the Spanish infrastructure investor to sell three airports owned by British Airport Authority, which it acquired in 2006.
The technology-focused affiliate of venture firm Accel Partners and mega-buyout firm Kohlberg Kravis Roberts has closed its third fund with commitments from all existing limited partners.
Amid tough fundraising conditions for first-time funds, the CVC and Permira spin-out fell shy of its £250m target but rounded up commitments from big fund of funds players including Pantheon and OXIP.
The property developer and fund manager is reportedly talking to investors about raising another India real estate vehicle. It follows Tishman’s decision to buy out ICICI’s stake in their joint venture company, TSI Ventures India.
Abraaj Capital has appointed four executive directors across its investment, portfolio management and finance teams as it looks to continue its expansion in the Middle East, North Africa and South Asia.
Bob Stefanowski, a 14-year General Electric veteran who most recently headed the firm’s European corporate finance division, will lead 3i’s push into North American growth and infrastructure investments.