Fund news in brief – October 22, 2015

London-based Appian Capital Advisory has closed its debut metals and mining fund on $375 million. The fund will invest in metals and mining companies in Latin America, North America, Africa and Europe. Appian Natural Resources Fund also has access to a co-investment pool. Mercury Capital Advisors worked as placement agent on the fundraising.

Global investment manager Auda International LP has raised $332 million in the final close of its third secondary fund. The pool’s original target was $300 million. Its LP base includes institutional investors, insurance companies, endowments, financial institutions and high net worth individuals.

Swedish private equity firm EQT has raised 1.1 billion euros ($1.49 billion) for a fund that will invest in mid-sized companies in northern Europe, greater China and southeast Asia, Reuters reported. EQT said a typical deal size for the fund would be 80 million euros to 150 million euros in northern Europe and up to 200 million euros in Asia, and that it saw deals coming in family- and entrepreneur-owned businesses as well as listed companies.

Falcon Investment Advisors has reached a final close of Falcon Strategic Partners IV with $909.7 million of capital commitments, above the fund’s original target of $850 million. Atlantic-Pacific Capital acted as placement agent.

Partners Group has closed its Partners Group Global Infrastructure 2012 program, closing it at 1 billion euros ($1.4 billion). The program is twice the size of its predecessor 2009 vintage program and will invest through an integrated approach in direct, secondary and primary opportunities in the private infrastructure space around the globe.

WestSummit Capital has closed $325 million in total for two funds. WestSummit’s second fund, which focuses on North America and China investments, attracted $225 million. The other pool, Summit Bridge Capital, in which WestSummit Capital teamed up with Atlantic Bridge and which focuses on investments in Europe and China, has raised $100 million. WestSummit Capital is a growth equity firm with offices in Palo Alto, California, and Beijing.