Patron Capital raises €844m for pan-European property fund

Patron Capital, the pan-European institutional investor focused on property-backed investments, has raised €844 million ($1.038 billion) for its Patron Capital, L.P. VI (Fund VI) fund, including approximately €128 million ($157 million) of co-investment capital. Of the total €844 million raised for Fund VI, 83% came from Patron’s existing investor base and existing relationships, with the […]

GSK Velu-backed Stakeboat Capital rolls out second fund

Mid-market private equity firm Stakeboat Capital on Tuesday said it has launched its second fund that seeks to raise Rs 1,000 crore ($136 million). The second fund will continue to invest growth equity in small and medium enterprises (SMEs) in the form of control and buyout transactions, said Stakeboat in a statement. VCCircle had reported […]

Investec launches inaugural direct lending fund

Investec Bank (Investec) has held the first close of its inaugural debt fund, Investec Private Debt Fund I (PDFI), a discretionary direct lending fund with capital commitments of EUR165 million. Investec PDFI (the fund) is a close-ended Luxembourg-based special limited partnership focused on providing senior secured debt (including unitranche) and subordinated debt for PE and […]

Greeting cards company Moonpig eyes 1 billion pound London listing

Online greetings card company Moonpig is planning a London stock market listing that could value the private equity-backed firm at more than one billion pounds ($1.36 billion), sources familiar with the plans said on Tuesday. The company, which operates in Britain as Moonpig and in the Netherlands as Greetz, is targeting net debt of two […]

KKR Raises $3.9 Billion in Biggest Asia Infrastructure Fund

KKR and employees contribute $300 million to new fund. Firm boosted target from $3 billion, stopped raising at cap. KKR & Co. raised $3.9 billion for its first Asia-Pacific infrastructure fund, amassing the largest pool of cash in the region for investments in everything from waste management and renewable energy to communication towers. In the […]

PE-backed Parag Milk Foods to raise debt funding from IFC

Parag Milk Foods Ltd, the dairy and value-added products manufacturer that offers brands including the Go brand of cheese, will get debt funding from the World Bank’s International Finance Corporation (IFC). In a disclosure, the development finance institution (DFI) said its board has approved an investment of up to $41 million (Rs 302.6 crore) in […]

ADB returns as a limited partner for OrbiMed’s fourth Asia healthcare PE fund

Healthcare-focused investment firm OrbiMed has received a Limited Partner (LP) commitment from Asian Development Bank (ADB) for its fourth Asia private equity fund that was launched last year. ADB said in a statement that it has signed a $75 million (around Rs 550 crore) equity investment in OrbiMed Asia Partners IV, LP that will focus […]

Foresight holds interim close of FEIP at EUR430m

Infrastructure and private equity investment manager Foresight Group has held an interim close for Foresight Energy Infrastructure Partners (FEIP) with commitments of cEUR430 million. Including co-investments to date, this represents a total capital pool in excess of EUR600 million. This close sees new investment from Postens Pensionsstiftelse, investment manager of the Swedish National Post Service, […]

Morgan Stanley Energy Partners Announces Strategic Partnership with SolMicroGrid

Investment funds managed by Morgan Stanley Energy Partners , part of Morgan Stanley Investment Management, announced today that they have completed an investment in Alpharetta, Georgia-based SolMicroGrid . This strategic partnership will support the growth of SolMicroGrid’s business, which offers innovative microgrid solutions through an Energy as a Service business model. SolMicroGrid is a developer […]