Cordiant hits $250 million at first close of latest emerging market fund

17 April, 2013 Canada

Cordiant, a leading emerging market private debt fund manager, has raised US$250 million at the first close of its latest debt fund: the Cordiant Emerging Loan Fund IV (CELF IV). The fund’s primary focus will be on senior, secured loans issued to emerging market private sector borrowers, with an emphasis on diversification across countries and[…]

HgCapital raises £2 billion for European buyout fund

17 April, 2013 London

HgCapital today announces the 15 April 2013 final closing of its latest private equity fund, HgCapital 7.  The £2 billion fund will provide broad coverage of the Northern European mid-market through its four sector teams, dedicated portfolio management group, and investment offices in London and Munich. Prior to the launch, HgCapital set the hard cap[…]

NorthEdge Capital hits final close on maiden fund at maximum level of £225 million

15 April, 2013 UK

NorthEdge Capital (NorthEdge), the UK lower middle market private equity firm focussed on the North of England, has achieved a Final Close on its maiden fund, NorthEdge Capital Fund I LP, at the full fund size of £225million. This marks one of the largest first-time fundraisings in Europe since 2008 and means almost a quarter[…]

Anchorage announces closing of Anchorage Capital Partners Fund II at A$250 million

5 April, 2013 Sydney, Australia

Anchorage Capital Partners (“Anchorage”), the Sydney based private equity firm focusing on special situations and turnaround investment in the Australian, New Zealand and Southeast Asian markets, today announced the A$250 million first and final closing of Anchorage Capital Partners II, (the “Fund” or “Fund II”). Significant interest from both existing and new investors meant that[…]

Ignition Partners raises $150 million fund

4 April, 2013 BELLEVUE, WA and PALO ALTO, CA

Ignition Partners, an early-stage venture-capital firm, announced it has closed its fifth fund. The $150 million vehicle will target early-stage investments in enterprise-technology companies located throughout the U.S., with a strong emphasis on the West Coast. Ignition also has added a new partner, Nick Sturiale, based in the San Francisco Bay Area and opened a[…]

CGS closes its Third Fund at CHF 208 million, above target and original hard cap

2 April, 2013 Jersey

CGS is pleased to announce that it has successfully closed its third Fund, CGS III (Jersey) L.P. (CGS III, the Fund), at a total amount of commitments of CHF 208 million. The amount originally targeted was CHF 180 million. In order to accommodate the actual level of demand, the existing investors consented to a moderate[…]

ESMA publishes draft RTS to determine types of alternative investment fund managers

2 April, 2013

The European Securities and Markets Authority (ESMA) has published its draft regulatory technical standards (RTS) to determine types of alternative investment fund managers (AIFMs), where relevant in the application of the AIFMD.  The draft RTS distinguish AIFMs managing alternative investment funds (AIF) of the open-ended type and AIFMs managing AIFs of the closed-ended type, in[…]