Sam Sutton

The firm is expecting to expand US frozen treat chain Rita’s Italian Ice to warmer climates through the final investment of its $290m second fund.

Gryphon Investors has partnered with management in its acquisition of Trinity Consultants from Sentinel Capital Partners.

The $26bn retirement system also made a pair of commitments, totaling around $80m, to Leonard Green’s sixth fund and BC Partners’ ninth European capital fund.

The Monte Brem-led firm has acquired Parish Capital Advisors, a small and niche market specialist in the US and Europe with $2bn in assets under management.

The Victor Maruri co-founded firm, which targets investments with a Hispanic demographic focus, has acquired a majority stake in Polaris Hospital Company.

NGP’s tenth fund continues to generate support from LPs after the firm scrapped its original proposal for a water resources, food and agriculture fund.

The Nick Money-Kyrle led private equity firm has agreed to its second big exit of the year, scoring a 4.2x return on its 2006 investment in FEP Fahrzeugelektrik Pirna.

LPs are becoming increasingly vocal about the development of environmental and social governance programmes, and a recent BVCA report indicates that fund managers are listening.

After being unable to allocate its full $100m commitment to Southern Cross’s most recent Latin American fund, the $78bn retirement system increased its exposure to the fund through the secondary market.

The $78bn retirement system allocated around $550m to two private equity funds, including forming a new relationship with emerging markets giant Actis.