Emerging markets investment firm Actis has closed $1.15 billion for its third energy fund. The pool’s initial target was $750 million. The fund will focus on electricity generation and distribution companies in Latin America, Asia and Africa. Its investors include public pension funds, sovereign wealth funds and families from the U.S., Europe and Asia.
Committed Advisors, the secondary firm formed by two former AXA Private Equity executives, has held a first close on €300 million ($412 million) for its second fund, which is targeting €400 million, according to a person with knowledge of the process.
Convergent Capital Partners has raised $40 million in the final close of its first fund. The pool will focus on “opportunistic investments” in commercial real real estate. Based in Tampa, Florida, Convergent is a real estate private equity firm.
EIG Global Energy Partners has raised $6 billion in the final close of its 16th fund. According to the company, the pool, which includes capital commitments from 150 LPs from 18 countries, is its largest ever. The fund’s initial target was $4.25 billion. Credit Suisse served as EIG’s lead placement agent for the fund. Headquartered in Washington, D.C., EIG is a private equity firm that focuses on energy and energy-related infrastructure companies.
Gold miner LionGold Corp, together with a subsidiary of associated firm ISR Capital Ltd and Chinese firm Suzhou Power, is to be a partner in a new private equity fund that invests in natural resources, Reuters reported. The fund, IPR LP, is structured as a second part of an existing fund, Infiniti Premium Resources, under Infiniti Asset Management. The fund plans direct investments in mining projects, together with related energy and power investments.
Greenwich, Connecticut-based private equity firm Mill Road Capital Management has raised approximately $420 million in the final close of its second fund. The pool will focus on investing in North American publicly traded micro-cap companies. The second fund’s LPs include endowments, foundations, corporate and public pension funds and global asset managers.
Boston-based private equity firm Mansa Capital Management has received an additional $15 million for its initial healthcare fund. This investment brings the fund’s total amount to about $50 million.
Trilantic Capital Partners has closed $2.2 billion for its fifth fund. The pool’s initial target was $2 billion. According to Trilantic, the fund will focus on the business services, consumer, energy and financial services industries. Its LPs include public and private pension plans, sovereign wealth funds, insurance companies, corporations, not-for-profit organizations, family offices and high net worth individuals.
Vitruvian Partners has closed the fundraising of its second fund, Vitruvian Investment Partnership II, at its self imposed cap of 1 billion pounds ($1.6 billion). Vitruvian’s inaugural fund closed in 2008. VIP II attracted substantial commitments from both existing and new investors which include many leading corporate and state pension funds, sovereign wealth funds, fund of funds, endowments and foundations. Investors originate from Europe, the U.S., the Middle East and Australasia.
Boston-based growth equity firm Volition Capital has raised more than $170 million for its second fund. The pool’s original target was $150 million. New investors include university endowments, non-profit foundations, major corporations, funds of funds and family offices.