Fundraising

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.

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.