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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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