Fundraising

The New York-based venture firm will make investments in communications, healthcare and information technology companies.

DLJ Merchant Banking Partners is one of three specialist fund managers spinning out of Swiss-owned investment bank Credit Suisse First Boston.

Menlo Park’s Institutional Venture Partners’ 11th fund will invest in information technology companies.

The New York firm has closed it fourth vehicle for purchasing subordinated debt and has also announced a $100 million commitment to Accuro Healthcare Solutions.

HSBC Private Equity Asia, the Asian private equity arm of the HSBC Group, has posted a final closing of its third fund on US$700 million.

Hugh Richards of Exponent Private Equity offers a personal perspective on spinning out of an institutional private equity manager.

AXA Investment Managers Private Equity has announced the final closing of its latest mid-market secondaries fund on $1bn: well ahead of an original target fund size of $800m.

The Connecticut-based energy investor will continue to target investments in conventional oil service, oil service technology, and exploration and production sectors.

The newly-independent Dutch private equity firm, formerly known as NeSBIC, has closed its second fund ahead of a €200m target.

The new venture fund, which will focus on IT investments, comes online at a time when established firms crank out their follow-on funds.