Boyu Capital, whose partners include former TPG executive Mary Ma and the grandson of former China president Jiang Zemin, is planning to raise its second fund and is seeking $1.5 billion, people familiar with the matter told Reuters. Boyu will launch the fund in the second half of the year, continuing its focus on investing into Chinese companies, the sources said.
Bridger LLC, a Dallas-based crude oil marketing and midstream logistics company, has teamed up with Riverstone Holdings LLC, an energy and power-focused buyout shop, on a joint venture. The partnership is focused on investing up to $300 million on future projects and transactions in the energy sector.
CVC Capital Partners Ltd has raised more than the 10.5 billion euros ($13.7 billion) it can accept for its latest flagship fund in just six months and will have to turn down money, a person familiar with the matter told Reuters.
Marlin Management Co has closed its fourth fund at $1.6 billion. Marlin said Fund IV’s target was $1 billion and the pool needed just more than four months to close at its hard cap. Investors of Marlin Equity IV LP include sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, funds of funds and family offices. Credit Suisse was placement agent for Fund IV while Kirkland & Ellis was legal counsel.
Morgan Stanley Investment Management said that its Morgan Stanley Alternative Investment Partners unit has raised $770 million for the Morgan Stanley Global Secondary Opportunities Fund LP II. The fund is focused on purchasing interests in private equity funds in the secondary market. Morgan Stanley Alternative Investment Partners is a provider of alternative investment advice for investors.