UK small cap firm sells Tekton
Henderson Equity Partners, the UK investor in Government-sponsored infrastructure projects, has closed its second PFI fund, Henderson PFY Secondary Fund II, on €859m.
Abingworth, the UK life sciences VC house, has raised Europe’s largest ever venture fund dedicated to life sciences. Abingworth Bioventures V (ABV V) has €455m at its disposal, well over the target size of €380m.
HarbourVest Partners plans to close on about $5 billion for its eighth, U.S.-focused fund-of-funds some time in the second or third quarter. About $2.5 billion of that will be earmarked for LBO funds, said a person familiar with the fund. The firm split HarbourVest Partners Fund VIII into three selections for its limited partners: buyout, […]
The California Public Employees’ Retirement System selected Pacific Corporate Group (PCG) to manage a $400 million cleantech fund and a $400 million emerging market fund. The cleantech program will augment CalPERS’ existing program, which has committed $200 million to seven general partners. The pension fund will be the anchor investor in PCG’s cleantech fund, which […]
A long time supporter of LBO funds, the Pennsylvania State Employees Retirement System (Penn. SERS) has selected an international group of funds to which it will commit its latest round of capital, including Bain Capital’s debut Asia fund. In all, the pension fund made nearly $385 million in commitments, of which $259 million went to […]
3M buys UK biotech business
Firm: HarbourVest Partners Fund: HarbourVest Partners Fund VIII LP Target: $5 billion Amount Raised: $3.5 billion HarbourVest Partners LLC plans to close on about $5 billion for its eighth, U.S.-focussed fund of funds some time in the second or third quarter, and about $2.5 billion of that will be earmarked for LBO funds, said a […]
RCP Advisors is ready to launch its latest fund of funds earmarked for commitments to small and mid-sized buyout funds. The likely target: $250 million, though the firm could well hit $300 million. Following the model of Adams Street Partners, the Chicago-based firm raises a new fund of funds every year. RCP IV closed at […]
A long time supporter of LBO funds, Pennsylvania State Employees Retirement System (PaSERS) has selected an international group of funds to which it will commit its latest round of capital, including Bain Capital’s debut Asia fund. This round of commitments to alternatives were: up to €100 million to Apax Europe VII, a follow on investment; […]