Fundraising

Bramdean Asset Management, the fund manager run by City of London “superwoman” Nicola Horlick, has raised £131 million for a London-listed fund-of-funds, which aims to give retail investors access to the superior returns of alternative investments.

Fortress Investment Group has closed on third party commitments worth $5 billion for its latest two private equity funds.

The UK mid-market firm has made the second investment from its second fund – which it has closed on £180 million.

The global buyout firm has raised $1.3 billion for the biggest Latin America-focused private equity fund ever. Advent’s Latin America CEO told PrivateEquityOnline that investments in the service sector will be the fund’s sweet spot.

KKR’s first Asia-dedicated fund is set to close soon with $4 billion of commitments, according to a SEC filing ahead of its $1.25 billion initial public offering.

Swedish buyout firm Litorina Kapital has bought swimming pool equipment company Pahlén. It is the second investment from its third fund, which recently held a first close.

Kohlberg Kravis Roberts will become the latest alternative asset manager to raise funds on the public market, after revealing plans for a $1.25 billion initial public offering on the New York Stock Exchange before the end of the year.

The turnaround specialist has raised £322 million for its second fund – with a £10 million commitment from its fund of funds vehicle.

The central Europe mezzanine specialist has held a first close on its debut fund as it looks to capitalise on the favourable conditions for mezzanine investors. The fund has raised just under half of its €125 million target.

Nigeria’s Intercontinental Bank has received a growth capital investment from a consortium of five firms, indicating invetors’ favourable response to the country’s first democratic transferral of power.