Firms & Funds

Aditya Birla Capital Advisors, the private-equity arm of the Aditya Birla Group, has raised 2.2 billion rupees ($48 million) in its second private equity fund, Reuters reported. The fund will take minority stakes primarily in unlisted, India-centric businesses in sunrise sectors such as lifestyle, life skills and education, life care and applied technologies, Reuters wrote.

Alliance Consumer Growth has closed its debut private equity fund, Alliance Consumer Growth Fund LP, with $40 million in committed capital, the firm announced. The firm has made two investments so far, in cleaning and personal care products maker KAS Direct; and in The Honest Kitchen, maker of dehydrated human-grade pet food. Alliance Consumer Growth aims to make investments of in consumer companies with revenues typically ranging from $5 million to $30 million. The firm’s investment size is $2 million to $10 million of equity per company.

Axa Private Equity and LGT Capital Partners have acquired a €620 million ($901 million) private equity portfolio from HSH Nordbank, Reuters reported. Terms of the deal were not released. The deal is the latest in a string of purchases by Axa. The firm recently bought a $740 million portfolio from Barclays and a $1.7 billion portfolio from Citigroup. The HSH portfolio includes interests in 47 European private equity funds, Reuters wrote.

The Carlyle Group has filed with U.S. regulators to raise up to $100 million in an initial public offering. JPMorgan, Citigroup and Credit Suisse are listed as underwriters on the offering. The filing did not say how much stock the firm plans to sell, or an expected price for the shares.

Hamilton Lane, which provides private equity asset management services, said it plans to open an office in Rio de Janeiro. It has hired Ricardo Fernandez Silva Jr. and Filipe Caldas as vice presidents to expand the firm’s presence in Brazil. Both Fernandez and Caldas were previously with Capital Dynamics.

Hudson Clean Energy Partners is planning to raise its first yuan-denominated fund to invest in China’s expanding clean energy market, Reuters reported. The firm manages a $1 billion clean tech fund in the United States. The firm is setting up its China fund in partnership with the municipal government of Yangzhou, a city located in one of China’s most affluent provinces, Reuters wrote. The firm did not disclose the projected target for the fund.

Kohlberg Kravis Roberts & Co. and Sino-Ocean Holdings have teamed up to invest $140 million in China real estate, Reuters reported. Each has agreed to put $70 million into the new fund. Sino-Ocean is investing in the fund with its subsidiary Gemini Investments Holdings and KKR is investing through KKR China Growth Fund LP, Reuters wrote.

Investment firm OrbiMed held a final close of its new fund, Royalty Opportunities S.àr.l., which will focus on acquiring health care royalty streams and providing structured debt capital to health care companies. The fund, based in Luxembourg, closed with $600 million in commitments.

Resurgence Capital has secured debt financing from Javlin Capital to acquire charged-off consumer debt portfolios, using as its strategic adviser the Washington, D.C.-based firm Greenberg Advisors. Resurgence, based in Deerfield, Ill., purchases and collects charged-off credit card receivables. Chicago-based Javlin partners with buyers of servicing-intensive financial assets, including non-performing consumer debt.

TPG Capital has taken a direct stake in Indonesia buyout fund Northstar Pacific, Reuters reported. No terms were disclosed. TPG has invested in Northstar funds as a limited partner since 2006. Northstar closed its second Indonesia-focused fund on $235 million in March 2010.