Fundraising

The Newton, Massachusetts private equity firm received key support from the endowments of Princeton and Yale universities.

MMC Capital, the private equity arm of Marsh & McLennan, has rounded up a new mega-fund for investments in the global insurance, employee benefits and financial services industries.

The global fund of funds specialist has announced a final close for its second secondary fund.

The lower-mid market UK private equity firm has invested £6m in a specialist provider of care and residential services, its first deal since becoming independent.

Portuguese bank Banco de Investimento Global's (BIG) debut Iberian buyout fund has held an initial close on €20m.

The Los Angeles-based firm has closed its third fund, with about 80 percent of capital commitments coming from new LPs.

San Francisco-based Hellman & Friedman has also announced the opening of a London office led by managing director Patrick Healy.

Montagu Private Equity shut down its UK growth capital investment fund in April, releasing investors from £80m worth of commitments.

Having closed its maiden fund, the London-based provider of intermediate capital is looking to return to the fundraising market in 2005.

Accent Equity Partners, the Stockholm-based mid-market private equity firm, will close its debut fund at a capped level of €265 million at the end of this month, according to market sources.