Candover Raising 2008 Fund

Candover PLC, a UK private equity firm focused on the European market, is raising EUR 5 billion for its latest fund, according to a regulatory filing. The firm's prior fund closed in November 2005 with EUR 3.5 billion, and so far has made nine investments. Approximately 45% of that fund's limited partners were from the U.S., while 25% was from the UK and another 24% was from other European nations.