Buyout funds continued to be wildly popular in the US as the fund raising market set a first-half record, with 199 funds raising $137.2 billion, according to figures from The Private Equity Analyst. That's more than half of the way to last year's full-year record, which now stands at $260.8 billion.
The European Private Equity & Venture Capital Association (EVCA) has moved its office across town to the EU part of Brussels. Its new address will be Bastion Tower, Place du Champ de Mars, 5, 1050 BRUSSELS. The organization's telephone number remains unchanged: +32 2 715 0020. www.evca.com
Trinity Venture Capital, the Irish VC, has listed on the Irish Stock Exchange's IEX market and London's AIM. The company, trading as TVC Holdings, has raised
Swarraton Partners, a London-based venture firm, is raising its maiden fund with a target of almost $100 million, according to vw. The firm held a first closing in January, with the money coming from British and Swiss investors, and is looking to target on Series A rounds. www.swarraton.com
Saratoga Ventures, an early-stage VC specialising in medical devises has raised $3 million as part of its fundraising for a $25 million sixth fund. www.saratogaventureslp.com
CDC Group, the UK Government-backed emerging market private equity fund of funds, appointed three senior directors, Hywel Rees-Jones, Investments Director; and two portfolio directors focused on Asia, Anubha Shrivastava and Veronica John. Hywel Rees-Jones formerly spent two years as head of West Africa for Actis, the emerging markets private equity firm and had previously worked […]
Paul Capital Investments, the private equity fund of funds manager, has appointed Dan Townsend as a principal of the firm in the New York office. He will be part of the firm's co-investment team, headed by Dana O'Brien. Townsend arrives at Paul Capital with nine years at GE Asset Management under his belt, where he […]
Two partners, Daniel Lonergan and Scott Pressly, have left Roark Capital Group in the past month. The firm is currently trying to raise a $1 billion second fund.
Motorola is to buy New Jersey-based software developer Leapstone Systems Inc., representing an exit for Accel Partners, Goldman Sachs Ventures, Mayfield Fund, New Enterprise Associates, Oak Investment Partners, Redwood Venture Partners, and Soros Fund Management. www.leapstone.com
Mountain Warehouse, a UK-based discount retailer of outdoor clothing and equipment, has been sold by NBGI Private Equity, in a