Sam Sutton

In addition to receiving an additional $55m in investment capital, the cargo airline has renegotiated its credit agreements to extend debt maturities to 2015.

The firm’s prior fund, Pegasus Partners IV, has been a top performer for the New York City Teachers’ Retirement System, generating a 52.7% IRR. The firm is raising its fifth fund.

The €300m investment will give the firm access to around 21m Class B shares in Abengoa, a Spanish company that focuses on sustainable energy technologies.

The two groups will provide an initial $400m to invest in Turkey and the surrounding region, and may raise a further $600m next year.

The firms’ $3.9bn acquisition of Pharmaceutical Product Development will be one of the largest recent deals in a hot healthcare and pharmaceutical market.

The firm has wrapped up fundraising on its most recent lower mid-market fund of funds, its seventh in the last decade.

The firm’s previous investor fund has generated strong returns, posting a 16.8% IRR as of 31 December.

Three of NYC’s five pensions have committed more than $450m across seven funds, according to documents available through the city’s online library.

The private equity firms will invest $50m each in Amalgamated Bank for a shared 40% stake in its common stock.

The country, already the focus of growing private equity investment, would be creating an even friendlier ecosystem by allowing foreign funds to market to its public pensions.