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The insurer's private equity investment arm says it is on course for a final close on E250m in July 2003.
MidOcean Capital, the newly established private equity group which last week acquired a E1.5bn portfolio of late stage investments from Deutsche Bank, is to manage the remaining assets owned by Morgan Grenfell’s Fund IV, valued at E1bn.
The European venture capital firm wants to exploit its balance sheet and investment management infrastructure by moving into the burgeoning secondaries market.
The fund-of-funds firm has acquired a controlling stake in US Quantum Technology Ventures in an $11m secondary transaction.
The global fund of funds investor has received commitments in excess of E270m for its latest European fund of funds.
The Israeli venture capital firm has closed its new secondary fund at $90m, below the original target of $100m.
Edinburgh-based Albany Ventures has received commitments from Scottish Widows, BoS, Alliance Trusts and Martin Currie en route to a £40m final closing.
Who is shaping the industry? The question is important, because private equity, despite its becoming a more mainstream, institutionalised asset class, fundamentally remains a people's business. Private Equity International picks the people who make all the difference in European private equity.
Axa Private Equity's new secondaries fund is $130m oversubscribed, as investor demand for the product remains strong.
Private equity managers operating in Central and Eastern Europe say institutional investors will do well to move into local funds before the region matures.
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