Linden Fund III raises $750 mln

Linden Capital Partners has closed its third fund at its $750 million hard cap, said Tony Davis, the Chicago-based firm’s president and managing partner.

CVC, Singapore’s GIC to cut stake in HKBN listing-Reuters

HKBN Ltd, the second-largest broadband Internet provider in Hong Kong, filed late on Friday for an initial public offering, with shareholders including private equity firm CVC Capital Partners Ltd set to cut their stakes as part of the deal, Reuters reported.


AlpInvest’s INext Fund makes final commitment to Clarus Lifesciences

INext Fund, a $58 million venture capital fund of funds focusing on life sciences that is managed by AlpInvest Partners, has made its fifth and final commitment to Clarus Lifesciences III. INext was raised in 2009 and has investors including Eli Lilly and Company, the Indiana Public Retirement System, Indiana University Foundation, University of Notre Dame and Purdue University. AlpInvest, part of Carlyle Group’s Solutions business, manages INext from its Indiana office.


Doeksen steps back at Carlyle’s AlpInvest

Volkert Doeksen, the chairman and managing director of The Carlyle Group’s private equity fund of funds, AlpInvest Partners, has been transferring day to day management responsibilities to other executives at the group over the past two years.

AlpInvest makes promotions

AlpInvest Partners has promoted Michael Hacker to managing director and Michael Camacho to principal. Both joined AlpInvest’s secondary investment team in New York in 2007.

Carlyle and AlpInvest in Indiana life sciences funds deal

The Carlyle Group and AlpInvest Partners have assumed management of two funds of funds with a focus on Indiana life sciences companies: the Indiana Future Fund, a $72.6 million fund of funds, and its $58 million successor, the INext Program. The transfer from a third party brings assets managed by Carlyle and AlpInvest in the state to approximately $438 million.

Carlyle’s AlpInvest Partners reaches $4.2bln for secondaries program

AlpInvest PartnersAlpInvest Secondaries Program has reached $4.2 billion, including AlpInvest Secondaries Fund V closing at its hard cap of $750 million. The ASP is a dedicated secondaries program that has acquired positions in existing private equity funds and interests in privately held companies since 2012.

Enanta Pharmaceuticals Announces IPO pricing

Enanta Pharmaceuticals, a research and development-focused biotechnology company has announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of $14.00 per share. Enanta is backed by Advent International, AlpInvest Partners, Alpha Associates, BioVentures Investors, Global Biomedical Partners, Lancet Capital, Oxford Bioscience Partners, TVM Capital and Wheatley Partners.

NXP Selling Shareholders Start Secondary Offering

NXP Semiconductors principal stockholders including AlpInvest Partners, Apax Partners, Bain Capital Partners and Silver Lake Technology Management have started a registered secondary offering of 25,000,000 shares of common stock pursuant to NXP’s shelf registration statement on Form F-3. NXP will not receive any proceeds from the sale of shares in the offering.

AlpInvest Expands Hong Kong Office with Secondary Investments

AlpInvest Partners is expanding its Hong Kong office with a dedicated secondary investments team. The secondaries team in Asia will be helmed by Neal Costello, who recently relocated from the firm’s New York office. He will be joined by Nicole Ying Su, who moved from the AlpInvest secondary investments team in Amsterdam. PRESS RELEASE AlpInvest […]

Nielsen’s PE Backers Look to Sell Down Holdings

TV ratings firm Nielsen Holdings has launched a follow-on offering that will allow its private-equity backers to sell as much as $760 million worth of shares, according to Reuters‘ publication IFR. The offering will allow private equity backers Blackstone, Carlyle, KKR, Thomas H. Lee, Hellman & Friedman, AlpInvest Partners and Centerview Capital to sell down […]

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