Advent International has closed its fifth Latin American private equity fund with $1.65 billion in capital commitments. A typical investment would be between $50 million and $200 million of equity into companies with enterprise values of between $50 million and $750 million.
Anchorage Capital Partners has closed its debut buyout fund, which will focus on special situation and turnaround opportunities in Australia. It secured A$200 million in capital commitments, with MVision serving as placement agent.
Apollo Management has agreed to cut up to $125 million in fees charged to CalPERS, over the next five years. The savings relate to nearly $2 billion in accounts that Apollo manages for CalPERS, which do not include CalPERS commitments to Apollo private equity funds.
CapitalSource has acquired the assets of SBA lender MainStreet Lender LLC for $100 million.
Carlyle Group has closed its third Asia buyout fund with $2.55 billion in capital commitments. The firm’s previous Asia buyouts fund closed in 2006 with $1.8 billion.
Cross Atlantic Partners has resumed fundraising for its sixth vehicle, according to VentureWire. It has reduced its target from $150 million to $100 million, with plans to hold a final close by early 2011. The New York-based firm does not plan to invest in pharmaceutical companies out of the new fund, instead focusing on medical devices, health care services and health care IT plays.
DRI Capital, a private equity firm which invests in drug royalty streams, has closed its second fund with $701 million in capital commitments. It originally targeted $500 million, with Atlantic-Pacific Capital serving as placement agent.
EnCap Investments has closed a new energy infrastructure fund with $791.6 million in capital commitments. The vehicle will focus on the midstream sector of the oil and gas industry in North America, and will be managed in partnership with Flatrock Energy Advisors.
Golub Capital BDC Inc. (Nasdaq: GBDC) traded up 1.4 percent in its first day of trading, after pricing its IPO at $14.50 per share. The mid-market lender raised around $103 million via the offering.
Intermediate Capital Group has closed its European Recovery Fund with €843 million in capital commitments. The fund capacity rises to approximately €1.5 billion, when ICG PLC’s co-investment and third-party funds are included.
Natixis confirmed plans to sell its domestic private equity business to AXA Private Equity. The current value of the Natixis portfolio is approximately €534 million.
Ontario Teachers’ Pension Plan reported C$10.9 billion in investment earnings during 2009, for a 13 percent annual rate of return.
Salida Capital, a Canadian private wealth management firm, plans to raise a private equity fund. No target was disclosed, although Salida did say that it already has secured C$100 million in initial commitments.