The Houston, Texas-based company has closed its eleventh private equity fund on $1 billion.
The private equity giant will begin investing in the financial sector following the hiring to two senior executives from Mercantile Bankshares and Hartford Financial, respectively.
US venture firm Benchmark Capital’s European division is spinning out of its parent. The new firm, which has been operating largely independently for some time, will be called Balderton Capital.
PCG International has closed its first investment vehicle, a $400 million fund of funds backed solely by CalPERS.
Nicola Horlick’s Bramdean Asset Management has teamed up with AXA’s Isle of Man operation to launch a new fund that will give retail investors easier access to alternative assets and the bumper returns that institutional investors have been enjoying in recent years.
AXA Private Equity has become the latest buyout firm to invest in electronic payments, through the acquisition of Welcome Real-time.
European investment group AXA Private Equity has closed a $2.9 billion global secondaries fund. The fund is almost three times bigger than its previous offering, and will look to complete up to 18 deals over the next three years.
A director in the People’s Bank of China has called the country’s current rules ‘insufficient’ for investment needs.
The Boston firm’s investment will help FreeWave, a manufacturer of wireless radio technology, improve its product line and expand its market reach.
As private equity in the MENA region shows spectacular signs of health, could the rest of the continent also experience a private equity boom? Toby Lewis reports.