Fundraising

Roark Capital Group has made the first acquisition from its $430m first institutional fund and its sixth franchise buy since November 2001.

The Scandinavian-headquartered life sciences venture capital firm has held a second closing of its fourth healthcare fund.

Legacy Partners, a California-based real estate investment specialist, has exceeded its target for a property-focused private equity fund.

During an intensive period of activity in the energy sector, LS Power Group has completed a $1.2bn final close of its oversubscribed power sector-focused fund.

The 2005 global private equity fundraising bonanza continues with news that Warburg Pincus has closed its largest ever vehicle.

The global investment bank has raised its first private equity fund dedicated to Asia, according to a report.

The Hong Kong-based venture capital firm that spun out of Softbank has beaten an original $400m target to raise $643m, luring a raft of new international investors.

The UK mid-market firm has paid £85m to acquire nine hospitals as the basis of a new private hospital chain, Classic Hospitals, which will be the fifth largest in the UK.

The Sydney-based buyout firm has A$950m of fresh capital at its disposal after a fundraising that saw the firm successfully target European investors for the first time.

The Silicon Valley and London-based venture capital firm has reportedly closed its second European and Israel-focused fund on $450m.