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Following the Metalmark spinout, Gustavo Schwed has joined Providence Equity Partners media investment effort in London.
Blackstone has joined the firm formerly known as Morgan Stanley Capital Partners in a $1.75bn investment in Vanguard Health Systems, an operator of acute care hospitals.
AXA Private Equity’s secondary unit has achieved its fundraising target for its Fund of Funds II, which has closed on €250m.
Nineteen Finnish institutions have committed to the fund, which will invest in management buyouts across the Nordic region.
MidOcean Capital, the newly established private equity group which last week acquired a E1.5bn portfolio of late stage investments from Deutsche Bank, is to manage the remaining assets owned by Morgan Grenfell’s Fund IV, valued at E1bn.
Who is shaping the industry? The question is important, because private equity, despite its becoming a more mainstream, institutionalised asset class, fundamentally remains a people's business. Private Equity International picks the people who make all the difference in European private equity.
Turkven, an affiliate of Advent International, has closed on $41m and will invest in Turkish growth opportunities alongside Advent’s Central and Eastern European team.
Fundraising in 2001 proved difficult for Wilton Asset Management, whose private equity fund fell $60m short of its original target.
Private equity managers operating in Central and Eastern Europe say institutional investors will do well to move into local funds before the region matures.
Baring Vostok Private Equity Partners returns to Eastern Europe with the first direct investment fund since the 1998 crisis.
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