Dundee Sarea collects C$112.5 mln for debut “special situations” fund

Dundee Sarea Limited Partnership, a “special situations”-focused private equity firm, has raised C$112.5 million for its initial fund. Dundee Sarea Acquisition 1 Limited Partnership is targeting over C$200 million. Its limited partners include Caisse de dépôt et placement du Québec. The fund will invest in companies requiring turnaround expertise in North America and Europe, focusing on manufacturing, distribution, industrial products, agriculture, oil and gas, and forestry-related sectors. So far the fund has made an undisclosed investment in Redecam Group, an air filtration company.


Black Diamond Capital Fund IV raises $1.5 bln

Black Diamond Capital Management LLC said Wednesday that its latest fund has closed at its $1.5 billion hard cap. BDCM Opportunity Fund IV, L.P. will seek to buy middle-market U.S. and European based companies, typically through a restructuring or reorganization process. Credit Suisse Securities acted as placement agent. Greenwich, Conn.-based Black Diamond is a credit focused alternative asset management firm.


Apollo Aviation Group fund III raises $833 million

Apollo Aviation Group said Wednesday that its third aviation fund raised $833 million, above its $750 million target. Investors of SASOF III include governmental plans, insurance companies, fund of funds, endowments and others. SASOF III will seek to buy acquire mid-life commercial aircraft and engines for lease and / or immediate disassembly and resale of the systems, components and parts.

TPG Real Estate Fund II raises over $2 bln

TPG Real Estate said Wednesday that its second fund closed with over $2 billion of equity commitments. Investors of TPG Real Estate Partners II include public and private pension funds, sovereign wealth funds, insurance companies, and other institutional investors. TPG Real Estate is the real estate arm of TPG.


Spanos Barber Jesse & Co. Fund I raises $204 mln

Spanos Barber Jesse & Co. said Tuesday that its debut fund closed at $204 million, above its original $150 million target. SBJ Fund LP invests in lower middle-market consumer, business services and healthcare services companies with up to $100 million in revenue. Fund I will provide private equity and debt in control and non-control situations.


Five Arrows Principal Investments Fund II closes at $868.56 mln

Five Arrows Principal Investments said that its second European lower mid-market private equity fund closed at 775 million Euros ($868.56 million). New investors of Five Arrows Principal Investments II included blue-chip institutions and major family offices around the globe. Five Arrows Principal Investments is the corporate private equity business of Rothschild Merchant Banking. The fund invests in sectors including healthcare, software & technology services, business services as well as education.


Octopus unveils new $140 mln fund

Octopus Ventures is launching a $140 million fund. Octopus Zenith Opportunities II LP will focus on backing later-stage European startups. Bluetower Associates LLP served as advisor to Octopus on the fund.

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