Fundraising

The sub-Saharan African firm has held a first close on 90% of its target for Fund IV, which is more than twice the size of its predecessor.

A private equity survey found transparency has become more important in the GP selection process, while GP reputation has fallen in importance.

Deutsche Asset Management’s German Access Fund will invest alongside private equity firms in German mid-market businesses.

The mid-market firm, which this month hired fundraising veteran Magnus Christensson from TPG, is understood to be plotting a final close at the end of Q1 2017.

The latest fund will be in line with its predecessor, which closed on its €3.5bn hard-cap in 2013.

Panellists at a forum in London spoke of the need for more creative fund structures for investing in Africa and other emerging markets.

UK trade minister Mark Garnier said on Wednesday the UK is likely to lose its financial passporting rights as a result of Brexit, but research suggests the alternatives industry would be relatively unscathed.

The lower mid-market Finnish buyout firm has added EQT’s Ville Koskenvuo to its team in Helsinki.

The buyout firm’s co-CEO David Rubenstein said during the Q3 earnings conference call on Tuesday that Carlyle is entering a four-year period to launch the next generation of its funds.

The mid-market buyout firm raced past its $750m target, doubling in size from Fund II.