Firms and Funds

Baring Private Equity Asia is targeting $1.75 billion for an Asia-focused fund. The group’s prior vehicle closed on $1.52 billion in May 2008.

The Blackstone Group has closed its sixth global buyout fund with $13.5 billion in capital commitments.

DT Capital Partners, a growth equity investor focused on China, has raised RMB 1.5 billion for a new fund, according to Zero2IPO.

Emerald Hill Capital Partners of Hong Kong has closed its second Asian fund-of-funds with $300 million in capital. commitments.

Emerging Capital Partners has closed its third African fund with over $613 million in capital commitments.

Institutional Venture Partners has closed its thirteenth fund with $600 million in capital commitments, according to a regulatory filing. The firm had been targeting $600 million, which is the same amount it raised for its twelfth fund in 2006.

RoundTable Healthcare Partners has closed its third private equity fund with $600 million in capital commitments. It also closed its second subordinated debt fund with $200 million.

Sequoia Capital China is looking to raise CNY3 billion ($442m) for a new yuan-denominated fund, according to VentureWire.

Storm Ventures is pre-marketing its fourth fund with a $150 million target, according to VentureWire. The firm previously raised $220 million for its third fund in 2005.

Veritas Capital has closed its fourth fund with $1.23 billion in capital commitments. The New York-based private equity firm focuses on the government services market.

Woongjin Capital of South Korea plans to raise upwards of $830 million for a smartphone fund. It would both acquire and invest in companies developing smartphone technology.