Suzanne Weinstock

A year-and-a-half after the spin-out of its secondary investment team, now Newbury Partners, New York-based Auda is raising a mid-market secondary fund targeting a first close on 30 June.

Airline industry veteran Rakesh Gangwal will advise the pension’s private equity arm on tech and business service deals amid its push into infrastructure.

The middle market-focussed mezzanine firm has closed its rapidly raised fourth fund as demand for mezzanine financing rises.

The €111.3m fund, backed by the EU and the Portuguese government, aims to build Portugal’s private equity and venture industries in support of small and medium sized enterprises.

The emerging markets specialist’s Latin America Fund has taken a majority stake in leasing concern Analistas de Recursos Globales.

The New York middle-market firm has sold Implus Footcare to private equity firm AEA Investors after a holding period of more than seven years.

James Hawkes has joined the board of Central Park Group, the New York alternative investment business founded by former UBS alternatives heads Greg Brousseau and Mitchell Tanzman.

Although investment guidelines have not yet been set, people familiar with Brazil’s proposed sovereign wealth fund say it may favour ‘politically related’ investment mandates over the alternative investment allocations embraced by peers.

The Chicago-based private equity firm focussed on services-based companies has made a ‘significant investment’ in Tolt Service Group.

The growth equity investor, formerly Paladin Private Equity, has held a final close on its debut cleantech fund, slightly short of its target.