Fundraising

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.

The fund launched in the first quarter of 2015 and will target the mid-market upstream oil and gas investment opportunities resulting from the energy market dislocation.

A final close is understood to be just weeks away on Abraaj’s first sector-focused fund.

The firm smashed the $3.6bn target for the fund which was used to launch the hostile takeover bid on SVG Capital.