Fundraising

Stockholm-headquartered private equity firm CapMan has corralled €440m of commitments for its eighth buyout vehicle, ahead of its original €375m target.

The Stavanger, Norway-based private equity firm has already invested approximately 20 percent of its fourth vehicle, which focuses on growth capital and buyout investments in the oil and gas sector in Europe and the US.

The London-based investor, founded by former 3i executives, has made its fourth investment from its vintage 2004 £400m debut fund.

With the addition of Ron Cao as partner at the Menlo Park-based venture firm, Lightspeed Venture Partners is positioning itself to tap early stage opportunities in China.

London-listed European mezzanine provider ICG is growing rapidly - despite being more selective on deals than ever. Robert Venes reports.

The Dubai-based firm’s new Frontier Opportunities Fund I LP will initially focus on Syria, as well as Lebanon and Jordan.

New Venture Partners, established through secondaries specialist Coller Capital’s MBO of Lucent’s New Ventures Group in 2001, has closed its fourth fund.

Netherlands-headquartered private equity firm Gilde and ABN AMRO Capital have sold their interests in Hebu, a Dutch hydraulic systems company, to Halder, a subsidiary of listed Belgian investor GIMV.

Vietnam-focused Mekong Capital has closed a new private equity fund at $50 million, drawing more interest from private investors than it did with its maiden fund.

Benson Elliot Capital Partners, the new private equity real estate vehicle of former Doughty Hanson property chief Marc Mogull, has launched in London with €264m of commitments to its first fund.