Suzanne Weinstock

The TPG Biotechnology II fund has led a $20.5 million round of financing in a sleep disorder company.

Hedge fund Pequot Capital will fracture for a second time with the spin-off of its multibillion venture unit.

A group of private equity firms, including initial backers RRE and Venrock, have invested $7.2 million in the Storm Exchange.

The UK arm of HSBC Private Equity has done its second deal since returning ‘to the UK mid-market proper’ after a 5-year hiatus that saw the spin-out of its in-house private equity group.

The Texas-based venture firm has promoted Thomas Ball and David Lack to partner.

Hollywood agency William Morris has partnered with venture capital firms Accel and Venrock to invest in web-based companies.

Billionaire Wilbur Ross has agreed to provide growth capital to MBIA competitor Assured Guaranty.

Publicly listed Tarpon has raised fresh capital for several vehicles and completed a third closing of its ‘All Equities Fund’ on $760 million.

The direct investment arm of AIG Investments has sold its 14.15 percent stake in Turkey’s largest chain of movie theaters.

Commitments to emerging market vehicles increased by 78 percent in 2007, as the strategy becomes increasingly popular among institutional investors.