Sam Sutton

The global secondaries firm acquired an interest in 20 Cognis Capital portfolio companies in the deal, which allows existing stakeholders to sell their stakes or rollover into the new fund.

Several US pension funds have adopted a similar strategy in an effort to cut ties with GPs and eliminate management fees.

The hiring of Zhongmin Shen to lead the firm’s China effort was quickly followed up by the announcement of a partnership between Hudson and the Yangzhou Municipal Government Financial Affairs Office.

The firm launched its third fund last year to invest in mid-market companies in consumer products, and has made steady progress towards its target.

Boston-based private equity firm Berkshire Partners has held a final close for its eighth fund on $4.5bn, making it 45% bigger than its previous vehicle.

The Neil Auerbach-led firm (pictured) has hired Zhongmin Shen, who will lead the private equity firm’s China effort, which is expected to include fundraising.

The Mexican private equity firm will focus on buying small companies in the US and moving their manufacturing operations to Mexico.

The placement agent has made several recent hires to expand its worldwide teams, including bringing in former Jefferies fundraiser Silvia Calvo-Alcala in London.

The Boston-based private equity firm sold its remaining shares in Cetip, a fixed income securities and over-the-counter derivatives depository, for nearly twice the company’s 2009 IPO price.

The RMB3.2bn fund’s registration with China’s National Development and Reform Commission will allow Carlyle to manage Chinese social security funds.