Yolanda Bobeldijk
CPPIB will commit $50m to MerchCap Solutions, a joint venture with KKR and Stone Point Capital, and has additionally earmarked up to $2bn for investments in mid-market debt transactions.
Despite subdued consumer spending, former head of JP Morgan’s European retail equities business Matt Truman has launched a £100m fund focused on the retail and consumer space.
Peter Cornetta, who had been with HIG since 2003, will focus on the $300m Highland Consumer Fund.
Intermediate Capital Group has closed its new fund three months ahead of schedule, having increased its investor base in the US and Asia Pacific.
The divestment comes as the firm is launching a new fund targeting £100m to £150m for investments in the UK.
The country's private equity activity is reaching record levels on the back of a growing economy and increased spending power of the Turkish middle class.
The acquisition of an 80% stake in the Latin American-focused business enables Mercapital to further strengthen its presence in the region.
The Jon Moulton-led firm and National Pensions Reserve Fund of Ireland have earmarked €100m for Irish turnarounds.
Despite the economic woes in Southern Europe, 90% of the firm’s existing LPs have re-upped.
The UK-based firm aims to benefit from growth opportunities due to increasing health and safety regulations and incoming changes in employment law.