Fundraising

The firm has raised €250m for its second growth capital fund and it aims to have it wrapped up in Q1 2017.

The firm now has $547m to deploy for its ‘strategic secondaries’ fund, which targets GP-led transactions.

Like others in the series, the new fund, which targeted $5bn and closed earlier this week, focuses on PE control investments, corporate and consumer debt, real estate and real estate debt.

Morgan Stanley veteran Mark Bradley is likely to hold a first close on GP Interests – which will buy stakes in established private equity firms – in January 2017.

China’s $53bn fund, backed by 10 major state-owned enterprises, signals a move from privatisation to consolidation.

ERES III will invest in assets globally alongside other investors and private equity funds, including Edmond de Rothschild funds.

The final close below the fund’s initial target of €3bn coincides with its third deal.

ONCAP IV, which is about 40% larger than its predecessor fund raised in 2011, received a 44% commitment from Onex.

A German tech-focused firm with no-one on staff over 30 has already gathered €250m and looks likely to hit its hard-cap in early 2017.

The app will enable the placement agent’s private fund clients to gain real time access to the status of their fundraise.