Latest News

Africa: A Tough Sell for Limited Partners


Developed market limited partners have fallen out of love with Africa as currency volatility continues to take its toll on returns. Unsurprisingly, the two factors EMPEA LP respondents cited as most likely to deter them from investing in sub-Saharan Africa, with 51 percent and 44 percent respectively, are political risk and currency risk. “[Currency is] […]

H1 Fundraising Reaches Second-Highest Level on Record


Private equity fundraising in Europe continued apace in the first six months of 2017, which saw the second largest volume of capital closed on record, falling just short of the six months to July in 2016. In total, 72 funds held final closes across Europe in H1 2017, according to unquote” data, raising a total of […]

Market Spotlight Q3 2017


Asante Capital’s Q3 Market Spotlight covers the movement in UK entry price multiples post Brexit, trends in portfolio valuations since 2007, the growing popularity of India for LPs and more.

Abingworth Collects $220 Million for Fund VII


Life-sciences investor Abingworth Management held a first close on $220 million for its latest fund. The vehicle, Abingworth Bioventures VII LP, has a $300 million target and a hard cap of$400 million, the person said. The firm, which began fundraising and held an initial dry close last year, is expected to hold a final close […]

European PE Taps Demand for Health-care Investments


Health-care-focused European buyout firms are raising new funds amid rising investor appetite for the sector. “Sector funds can only survive if they outperform the generalists in that same sector, which is perhaps the obvious point but one that some miss,” said Warren Hibbert, managing partner at Asante Capital. In Europe, buyout firms with highly regarded […]

Orion Energy Nears $750 Million Target for Credit Fund


Orion Energy Partners raised about $650 million so far for its first energy infrastructure fund and expects to close the vehicle with $750 million to $800 million, said a person familiar with the matter. The New York private equity firm, which set a $750 million target for Orion Energy Credit Opportunities Fund II LP, has […]

Mobeus holds £166M final close at hard-cap for maiden LP-backed fund


Mobeus Equity Partners has held a final close for its maiden institutional fund, Mobeus Equity Partners IV, on £166m, surpassing its initial £150m target. The development follows a series of rolling closes for the vehicle, which held its first close on £51m in June 2016 and another £140m close in May 2017. Mobeus mandated Asante […]

Summit Holds €700m Final Close for Second Growth Equity Fund


Summit Partners has held a final close for its second growth equity fund on its €700m hard-cap. The GP held an interim close for the vehicle, Summit Partners Europe Growth Equity Fund II, on €600m in May 2017. The GP’s previous growth equity fund closed on €1.05bn in April 2008. It was 93% invested as […]