Launch of $80 million India fund that would
invest in medium size enterprises seeking
expansion capital. The State Secretariat for
Economic Affairs (Seco) of Switzerland acting
through the Swiss
Investment Fund For Emerging Markets (SIFEM)-is
the first anchor investor with a commitment of
US$12 million. Asian Development Bank (ADB) has
joined as co-anchor with a commitment to
invest US$15 million. Belgian Investment Company
for Developing Countries (BIO) and
International Cooperation and Development Fund
(ICDF-Taiwan) are the other two anchor
investors with an investment commitment of US $5
million each.
$2.7 billion (aprox.) BSMB began its fundraising
process in September 2005 and held an initial
closing during in February 2006 (with
commitments in excess of $2.0 billion). The
third party commitments were capped at $2.5 billion.
Incremental commitments from BSMB will bring the
fund's aggregate commitments to approximately
$2.7 billion. Focused on middle market
investments in
Target equity investments are of $100 million to
$200 million per transaction. BSMB will make investments in a
wide variety of transaction types including:
traditional leveraged buyouts, corporate
carve-outs, growth situations, special
situations and minority recapitalizations.
[Placement: Credit Suisse Legal: ]
Aug 2
PR
Clean Technology Fund II, LP
Venture
$55 million Fund
invests across the CleanTech sectors including
innovations in energy, advanced materials, water
and waste water, manufacturing and
transportation. The Fund
invests in US and Canadian enterprises with
current customer revenues of $2-20 million,
combined with solid prospects of attaining
$30-$50M in revenues within 3-5 years. The fund
makes initial investments of $2M to $5M.
General Partners: Bernardo Llovera, Diana
Propper de Callejon, and plus Mark Donohue.
Principals: Kjartan Jansen, Rob Day and Alex
Sloan. Investors include: Piper Jaffray's
CleanTech Fund of Funds, the Merck Family Fund,
the Dutch based ASN bank venture capital fund,
Georgieff Capital of Germany, and Henry Corning.
The Fund has a portfolio which includes:
Agile Systems;
Biorem Technologies;
Tiger Optics.
$525 million Fund (CHYP VIII) will invest a
minimum of 95 percent of its assets in bank
loans and a maximum of 5 percent in high yield
bonds and utilizes a traditional CLO structure.
$7.8 billion in total
commitments. Fund XI will target investments in
businesses involved in the global energy
industry. Fund XI's primary focus is expected to
be on equipment, manufacturing, and service
companies that will benefit from increasing
energy infrastructure spending as well as
infrastructure assets but its investments will
span all stages of the energy life-cycle.
$125 million fund launched to invest in
alternative investments such as venture capital
funds. The fund-of-funds will primarily invest
in emerging managers with various industry
specialties and geographic focuses. JCG has
recently made initial investments in
California Technology Ventures II, LLC,
Aphelion Medical Fund,
Innovations Kapital IV, and
Psilos Ventures III.
Aug 24
PR
Start Green Fund
Venture
EUR 8 million fund
Aug 24
PR
Buyout
CAN $150 million - Canadian private equity fund
targeting control-oriented buyout and expansion
investment opportunities in small to mid market
companies.
EUR 250 million fund held initial close on EUR
188 million. Final close of EUR 250 million
(cap) to be held 4th quarter 2006. Investors
include: NORD/LB
EUR 300 million diversified regional private
equity fund-of-funds dedicated to Central and
Eastern Europe.
The Fund has a threefold investment strategy,
whereby it will seek to: (i) make primary
commitments to new private equity funds; (ii)
purchase interests in existing private equity
funds in the secondary market; and (iii) make
direct investments. Investors include: The
EBRD commits to invest up to EUR 50 million
