Sam Sutton
Novem Beteiligungs, a Barclays portfolio company, had been under the trusteeship of a German law firm until its sale.
The Washington, DC firm has made its first investments in the sector since launching its energy mezzanine capital business in January.
With schools facing tighter budgets, digital-based curriculums are playing a larger role in the classroom and in private equity firms' portfolios.
The New York-based firm apparently raised its target for the fund in February, shortly after receiving a $40m commitment from the New Mexico State Investment Council.
The Fifth Cinven Fund launched in March and is targeting less than its predecessor's €6.5bn fundraising in 2006.
In addition to committing $200m to Cerberus’s mid-market senior debt fund, the Pennsylvania Public School Employees’ Retirement System committed almost $300m across three private equity funds.
The energy infrastructure fund could receive a commitment of up to $50m from the $25bn retirement system.
Portfolio company-related fees like monitoring and transaction fees may increase misalignment of interests, according to a recent study.
The Richmond, Virginia-based FoF beat its $200m hard-cap after three years of fundraising.
The global private equity firm paid $195m in equity for a 60% stake in Hussmann International, a refrigeration systems and display company.