The US venture firm has asked LPs to extend partnership terms, citing an abysmal IPO environment and slowdowns in M&A and the broader economy. Those factors are ‘red flags’ for the VC market, but a fund extension is business as usual, according to the NVCA’s president.
Coller Capital's delisting of DFJ Esprit's publicly-quoted venture fund is yet another measure of its founder Jeremy Coller's enthusiasm for under-valued venture assets.
The energy investment unit of Starwood Capital Group has raised its first fund targeting investments in the energy and power sectors in North America.
A fund led by former Standard Life executives has signed a strategic relationship with USS, a relatively recent entrant to the asset class.
The two firms have launched a private equity infrastructure fund for making investments in the gas transportation, power generation and railways sectors in emerging markets globally.
EVCA says the drop in distributions to investors has hit fundraising, but delegates at its annual symposium in Madrid today insisted the industry is not in crisis despite the global credit turmoil.
The hedge fund manager has launched a distressed debt fund ‘with private equity features’, targeting up to $600m; Blackstone has reportedly launched its own debt vehicle seeking $1.5 billion.
The private equity firm’s chairman, John Snow, has said Cerberus will raise a fund dedicated to undervalued assets under distress due to current market dislocation. He also said Cerberus funds 'are open' to Chinese sovereign fund investment.
The fund, anchored by a $90m commitment from the Ontario government and backed by LPs including OMERS, is the latest Canadian vehicle aiming to assuage declining venture funding in the region.
Investors have flocked to Waterland's focussed offering of a regional buy-and-build strategy, which has served them well over the last nine years.