Standard Life Investments held an August first close for European Strategic Partners (ESP), the euro1 billion-target fund-of-funds vehicle it launched last November. The format of ESP has been somewhat refined since initial plans for the fund were announced last spring, highlighting the increasingly sophisticated approach investing institutions – particularly in Europe – are bringing to […]
HarbourVest Partners, LLC is marketing its sixth fund-of-funds targeting U.S. investments. The launch is significant because it signals HarbourVest’s further movement away from committing to buyout partnerships and direct deals. If it reaches its $2 billion target, HarbourVest Private Equity Partners VI, L.P. is planning to invest $500 million in larger buyout funds, $250 million […]
Last year’s credit crunch created such a boom in business for Liberty Partners that it asked for and received an additional $200 million last month from its sole limited partner, the Florida State Board of Administration. Florida now has committed $800 million to the New York buyout firm, said Peter Bennett, president of Liberty. Mr. […]
Switzerland’s Vontobel Group in August launched 5E Holding (5E), a quoted fund-of-funds targeting Central and Eastern Europe. 5E, which stands for Excellence in Eastern European Emerging Equity, seeks to raise CHFr 250 million to CHFr 350 million (ecu 150 million-210 million). The offer was scheduled to close at the end of August. 5E will seek […]
City of London Investment Group plc (City of London) aims to raise up to $200 million (ecu 180 million) for an emerging markets fund-of-funds. The Emerging Markets Special Opportunities Fund (EMSOF) will acquire interests both in hybrid funds – quoted vehicles which take stakes in both public and unlisted stocks in emerging markets – and […]
Institutions seeking exposure to international private equity will soon be able to draw on the combined experience of two of the most experienced players in the market, following the announcement of a partnership between Standard Life and Hamilton Lane Advisors. Standard Life will this year launch a fund-of-funds together with Hamilton Lane, which will act […]