Fortress has completed a $2.84 billion closing on its latest fund with a $5 billion target. The publicly traded alternative investment firm simultaneously announced a $3.5 billion deal.
Orlando Italy’s first fund raised €180million ($244 million) exceeding the initial target of €150m.
Buffalo, New York-based Summer Street has closed its second fund on $187 million, exceeding its target by $37 million.
Taking advantage of the downturn in the sub-prime market, the Dallas-based private equity firm has acquired Accredited Home Lenders for $400m.
GrowthGate, a Middle East-focused private equity firm targeting a $500 million fund, has made its first investment, backing a Dubai-based transport and logistics company.
In the October 2006 issue of Private Equity International, we produced a selection of the 30 most influential lawyers in global private equity. Here, we remind our readers of some of the legal world's most valued practitioners.
Ironbridge Capital is set to take over MediaWorks in New Zealand after it reached an agreement to buy out the company’s 70 percent shareholder in a transaction that values the company at $407 million.
Buyout firm Industri Kapital has exited from Elektrokoppar after nearly 10 years invested in the company and several difficult economic cycles in the copper industry.
US middle market buyout shop Olympus has closed its fifth fund on $1.5 billion.
European mid-market firm Doughty Hanson enjoys successful fundraising after setback of abandoned quoted fund last year.