All is not peace and harmony between Russia and the US in Europe’s Black Sea region. But investment groups from the two countries have joined forces to prove that co-operation is possible when money – not politics – is the motivation. Andy Thomson reports.
The UK mid-market private equity firm has announced changes to its senior management team, with Chris Dowling stepping down as managing partner.
The New York venture capital firm has closed its fifth fund on $675m with limited partners including Goldman Sachs, HarbourVest and Pantheon Ventures.
The Houston-based private equity shop has closed its second fund on $470m, including a $20m commitment from the firm’s principals.
Days after the official launch of Blackstone’s $11bn fund, BC Partners has closed the largest-ever European buyout fund on “over €5.5bn”.
TDR Capital has completed its fifth investment with the acquisition of modular buildings supplier Elliott Group for £166m.
The recent announcement that UK pension fund Railpen has set aside four percent of total assets for allocation to hedge funds should come as no surprise: it has always been an adventurous investor. Andy Thomson reports.
The Paris-based private equity group has launched its first Asian fund of funds with a closing target of between $150 million and $200 million.
Doug Kimmelman, one of the major players behind Goldman Sachs’ power investments, will launch a $1bn private equity fund to invest in North American electricity assets.
UK-based drug development company Oxagen has received almost £32m in a series B round of financing led by MPM Capital in its first European investment.