Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
.jpg "Portobello returns to market after restructuring")
The Spanish firm is seeking around €600m for its fourth buyout fund after a GP-led process on its 2015 Fund II with HarbourVest Partners.
Proposals suggest removing limits on unlisted securities and raising exposure to illiquid assets.
The successor fund set a European record when it closed on €16 billion in June.
.jpg?id=12885039784 "Pictet closes on $175m co-investment fund – Exclusive")
The fundraise was limited in size due to a lack of investment opportunities.
Mirabaud has raised €50m for its ‘Living Heritage Fund’, which will back European SMEs with long histories.
The sovereign wealth fund, with estimated assets of $828bn, will broaden its focus in ‘rapidly developing’ Asian private equity markets.
.jpg "Urbanisation prompts Abraaj to acquire dining chain from ECP")
The firm’s $990 million Africa Fund III aims to benefit from the continent’s rapidly expanding middle class.
The fund is more than double the size of its 2013 predecessor.
The deal follows ECI 8’s divestment of Kelvin Hughes’ navigation arm last year.
The New York-based firm’s $6.9bn take-private adds to a growing trend of private equity firms delisting public companies.