Fundraising

Southern Cross Ventures Partners is an early stage venture firm that aims to bring Australian innovations to Silicon Valley. It has raised A$170 million, A$30 million shy of its final target.

Emerging Capital Partners, the Washington DC-based offshoot of AIG Africa Infrastructure, has rounded up $523 million for a new fund targeting the continent. Already the firm is prepping a 3x exit from the new fund.

With the closure of its second energy fund on $3.1 billion, LS Power’s 5-year old private equity arm has become one of the world’s 50 largest private equity firms.

The Dutch institutional real estate manager is departing from its usual strategy to meet investor demands for diversification and higher returns.

Turnaround specialist KPS has closed its third ‘special situations’ fund on $1.2 billion, after receiving commitment requests of more than quadruple its $1 billion target.

A private equity consortium led by Providence Equity Partners is reportedly preparing a $15 billion bid for UK cable business Virgin Media.

The Blackstone Group’s fourth fund has “shot the lights out”, according to one investor, making more than $15 billion in profit for its investors. The $6.45 billion fund has enjoyed a string of big wins.

The US firm has raised a fund six times larger than its predecessor vehicle focused on European real estate.

The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.

Asia Alternatives, a new fund of fund manager that has its headquarters in Hong Kong, has raised $515 million, exceeding a $450 million hard cap. The fund may have just held its final close but is already invested in more than ten funds focused across 12 Asian countries.