Fundraising

The Cambridge, Massachusetts firm’s Fund II exceeds the previous $630m vehicle and is targeting middle market LBOs in the industrial sector.

The largest mezzanine fund raised in Canada brings capital managed by the Toronto-based private equity arm of TD Bank Financial to about C$2.6bn.

The Menlo Park, California venture capital firm’s second fund will focus on seed and early stage medical technology and biotechnology opportunities.

AXA Private Equity’s secondary unit has achieved its fundraising target for its Fund of Funds II, which has closed on €250m.

Close Brothers Private Equity, the UK mid-market private equity firm, has closed its Fund VII at a capped level of £360m – beating an original target of £350m.

The Chicago venture capital shop’s newest vehicle is geared toward seed and early stage investments in life sciences, physical sciences and information technology companies.

The financial giant’s newest fund will focus on US investments and European buyout funds.

The Boston- and Palo Alto-based venture capital firm closes its Fund IV with significant commitments from European and Japanese investors.

A year that begun with a degree of trepidation produced some of the biggest achievements enjoyed by private equity firms in Asia to date. The results of PEO’s inaugural Asian Awards poll reflect 2003’s successes.

After 21 months on the fundraising trail, Terra Firma has closed its debut fund on €2bn and is now preparing to invest it in up to ten deals over the next three years.