AP Alternative Assets, the publicly quoted private equity fund launched last week by Apollo Management, a US buyout house, has raised a third more then expected.
The London listed investment firm is to float the European Convergence Development Company on the Alternative Investment Market in 2007 despite signs that investor appetite has waned.
The two firms have invested $430 million in a $500 million joint venture with US Shipping Partners.
Vision Capital, a secondary direct firm, has acquired a portfolio including three nuclear consultancy businesses and a rail infrastructure specialist for £76.4m.
Richard Rimer, one of four brothers at European high tech heavyweight Index Ventures, is leaving the firm to pursue his interests in medical technology.
AMP Capital’s latest private equity real estate fund, the largest ever in Australia at just over A$200 million, shows the growing sophistication of Australian LPs. By Paul Fruchbom
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe, has sold its 83% stake in Karneval, a Czech cable business, to Liberty Global of the US for €322.5m, generating a money multiple of just over five times.
Bridgepoint, a European mid-market private equity firm, has bolstered its European advisory committee with the appointment of Sir James Crosby, former chief executive officer of HBOS.
Private equity firms Berkshire Partners and Freeman Spogli have announced a major investment in TH Lee Putnam Ventures’ call-center portfolio company N.E.W. Customer Service.