Firms & Funds

The Carlyle Group has secured 2.4 billion yuan ($354m) in commitments for a Beijing-based fund that will invest in large growth Chinese companies.

Commerce Street Income Partners has closed its second credit fund with $125 million in capital commitments. It will focus on acquiring senior pieces of securitized bank holding company debt.

CDC Group Plc has committed $30 million to the debut fund from Multiples Private Equity, an Indian private equity investor. The fund target is $450 million.

Greenspring Associates

is raising upwards of $300 million for its second growth equity fund-of-funds, according to a regulatory filing. The firm previously was known as Montagu Newhall Associates.

Hudson Ferry Capital has received an SBIC license for its second fund, a $100 million vehicle that makes “buy-in” investments in established, family-owned U.S. businesses.

The National Social Security Fund, the $103 billion Chinese sovereign wealth fund, plans to begin making overseas private equity investments.

New York Pacific Capital

has received approval to raise an RMB-denominated private equity fund in Beijing, with a focus on Chinese companies in the health care, clean tech, education/culture and consumer products sectors.

The Oregon Investment Council approved a $200 million commitment to The Blackstone Group‘s sixth fund, which is expected to close at $13.5 billion. The commitment included certain fee concessions that now will be offered to other large LPs.

Pravi Capital is planning to raise $200 million for its debut fund. The firm was launched by former members of ICICI Ventures, and focuses on growth equity opportunities in India.

Providence Equity Partners has begun pre-marketing for a new buyout fund that could have a target of around $8 billion.

Ridgemont Equity Partners has formed as an independent private equity firm, staffed by the former Banc of America Capital Investors team. Ridgemont will continue to manage the legacy BACI portfolio on behalf of Bank of America, while also seeking to raise its own fund.

Signal Hill Capital Group has merged with Updata Advisors, to form an investment bank focused on small and mid-cap growth companies. The combined firm will be called Signal Hill, with a headquarters in Baltimore.

Tata Capital of India said that it plans to launch a Singapore-based private equity fund, in partnership with Japan’s Mizuho Securities.

Tregaron Capital, a Palo Alto, Calif.-based firm focused on mezzanine debt and control equity investments, has raised $50 million for its latest fund.