New Ocean to rake in $100 mln from Mitsui

By Iris Dorbian — 4 days ago

Mitsui & Co. Ltd has agreed to provide $100 million to New Ocean Capital Management Limited‘s private fund platform on a multi-year basis. Also, as part of this deal, Mitsui has taken a 15 percent stake in New Ocean. A Mitsui representative will join New Ocean’s board of directors. XL Group Ltd will retain a majority stake in New Ocean, which is also backed by Stone Point Capital.


Samsung SRA collects $270 mln for initial U.S. office mezzanine debt fund

By Iris Dorbian — 6 days ago

Samsung SRA Asset Management has closed its debut U.S. office mezzanine debt fund at $270 million, beating its $200 million target. Samsung SRA will focus on providing mezzanine debt to Korean institutional investors seeking to back office assets in New York, Boston, Chicago, San Francisco, Washington, D.C. and Los Angeles. J.P. Morgan Asset Management is serving as an investment manager for the fund.


Carlyle’s first long-dated PE fund raises $3.6 bln

By Luisa Beltran — 6 days ago

The Carlyle Group said Oct. 19 that it firm’s first long-dated private equity fund has raised $3.6 billion. Carlyle Global Partners will invest with a longer time horizon than traditional private equity funds and can provide more than $500 million of equity per deal.


Dundee Venture Capital opens Minneapolis office

By Alastair Goldfisher — 1 week ago

Omaha, Nebraska seed-stage investor Dundee Venture Capital, which recently held an initial close of $20 million for its third fund, announced the opening of a new office in the Minneapolis area. The location is part of its ongoing regional growth plan as it expands in the Midwest and raises Fund III targeted at $30 million.


Ysios Capital Fund II closes at $139.1 mln

By Luisa Beltran — 1 week ago

Ysios Capital said Oct. 18 that its second fund closed at 126.4 million euros ($139.1 million), surpassing its 100 million euro target. Ysios BioFund II Innvierte FCR will invest in biotech, medtech and diagnostic companies across Europe with a special interest in Spain.