fund news
24 May 2013
Global private equity firm KKR looks set to exceed its target for its North America Fund XI by the end of the year, anticipating a September final close of $8.5bn after two years on the road.
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24 May 2013
3i Group has made an offer for Barclays’ European infrastructure fund management business.
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22 May 2013
Venture capital firm Divergent Partners is nearly halfway through with raising its third fund.
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22 May 2013
Numis Securities has teamed with ex-Foresight team Bluefield Partners to launch a £150m UK-based listed fund targeting large-scale solar assets.
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21 May 2013
GE Ventures has officially opened its doors to energy, software and advanced manufacturing start-ups from its new base in Silicon Valley with a $150m annual spend.
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20 May 2013
Environmental infrastructure investor Foresight Group has launched its third solar EIS fund with a target of £20m but told NewNet that figure could well be extended if it continues to see high-demand.
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20 May 2013
A trio of state-backed Qatari entities will establish an overseas fund to invest in energy and water infrastructure.
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20 May 2013
Swiss bank UBS is reportedly raising a specific investment vehicle to invest in KKR’s $1.5bn asset-focused energy investment fund.
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20 May 2013
Chinese investment group Fosun International is reportedly nearing a first close for a $1bn private equity fund focused on Europe and overseas companies seeking to build a presence in China, including those within the energy and resource sectors.
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17 May 2013
Business management software specialist SAP has increased its commitment to its venture-focused fund of funds to $405m, from an original $155m, to invest in early-stage fund managers and entrepreneurs.
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16 May 2013
Seattle, US-based early stage investor Divergent Ventures has doubled the target for its third big data and mobile technology-focused fund to $50m.
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15 May 2013
Clothing retailer Patagonia said its recently-established $20m corporate venturing arm will be a way for it to use business to inspire and implement solutions to the environmental crisis.
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14 May 2013
Californian IT investor Scale Venture Partners has closed its fourth fund on $300m and will continue its focus of investing in early-in-revenue technology companies in the cloud, mobile, SaaS and internet sectors.
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13 May 2013
Grotech Ventures, a US-based early stage technology investor that has backed green businesses like Ziptronix and urjarnet, took 20 months to raise its latest fund but ended up closing it at an oversubscribed $225m.
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10 May 2013
Warburg Pincus has managed to raise one of the largest private equity funds since the financial crisis after receiving strong support from existing LPs, which were attracted by the firm’s track record and its flexible strategy.
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9 May 2013
MaRS, one of Ontario’s Region Innovation Centres, is now just $5m short of the $30m target it has set for its cleantech fund Tom Rand, managing partner, told NewNet with the team hoping to close it off before the end of the year.
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8 May 2013
Clothing retailer Patagonia has launched a corporate venturing arm to invest in start-ups across the energy, water and waste sectors.
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8 May 2013
Danish labour-market pension fund PKA has reportedly invested DKK500m (€67m) in the Actis Energy Fund 3 in an overall boost of its infrastructure spend.
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8 May 2013
The London Pensions Fund Authority has confirmed funding levels of close to 95 per cent in the indicative results of the 2013 valuation of its £4.7bn fund.
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7 May 2013
Environmental investor Mandarin Capital has hired German buyout industry veteran Markus Solibieda to head its new office in the country as it looks to expand out its existing Chinese and Italian operations.
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