Fondo Azzurro, Henderson Global Investors first private equity real estate fund, has been launched with a target of €250 million.
Morgan Stanley Alternative Investment Partners has closed its first distressed debt fund of funds, as the bank continues to expand its private equity activities after pulling out of the market in 2004.
US firm JMI has doubled the size of its previous fund – and its capital under management – with the closing of its sixth fund on $600 million.
The private equity business of Aberdeen Asset Managers has doubled its money on the exit of shipping business RMS Europe Group.
Belgian bank Dexia has held a second close of its southern European infrastructure fund on €120 million.
Millennium Technology Ventures has bolstered its senior investment team as its founders prepare for a spike in secondary opportunities they expect from an eventual market downturn.
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
The Carlyle Group has finally completed the troubled flotation of a credit vehicle on Amsterdam’s Euronext exchange, raising $300 million.
GlobeOp Financial Services, a hedge fund administration business backed by US private equity group TA Associates, has been forced to cancel flotation plans after being hit by a $500 million lawsuit from a disaffected former hedge fund client.
Henderson Global Investors and Canada Pension Plan Investment Board will buy the Whitefriars Quarter shopping center from Land Securities.