3i Group said it may issue new shares to raise capital, although it did not comment on a U.K. press report that it could raise upwards of £700 million ($1.1 billion).
CapMan has agreed to acquire the 49 percent stake it does not already hold in Norum, a Russia-focused investment group.
CBPE Capital, a U.K. mid-market private equity firm, has held a £270 million first close for its eighth fund, which already has more than £300 million in commitments. A final close is expected later this year. Berchwood Partners is serving as placement agent.
HarbourVest Partners has closed its seventh global secondaries fund with $2.9 billion in capital commitments. It will invest in secondary interests of things like venture capital funds, leveraged buyout funds and portfolios of operating companies.
Invesco and its WL Ross affiliate announced that they are prepared to commit $1 billion to the Public-Private Investment Program (PPIP).
Kohlberg Kravis Roberts & Co. is trying to raise a €730 million ($973 million) annex fund to KKR’s European Fund II, a €4.5 billion vehicle that closed in late 2005.
Primus Financial Holdings has launched a Hong Kong-based financial services firm, which will focus on financial advisory, wealth management and private equity services. It has $1 billion under management, and will be led by Robert Morse, former Citigroup Asia CEO, Huan Guocang, former HSBC Asia I-banking chief and Wing-Fai Ng, current managing partner of Primus Pacific Partners.
Sverica International announced that its third private equity fund closed last November with $265 million in capital commitments. The bi-coastal firm focuses on buyouts in the lower middle-markets
Wilshire Private Markets, the private equity fund-of-funds business of Wilshire Associates, has raised $615 million for its eighth fund.