The Blackstone Group’s secondaries group, Strategic Partners, expects to hold a first close on its first fund under the Blackstone banner next month on at least $500 million, a limited partner with knowledge of the offering told peHUB.
China Everbright Ltd and Israel’s Catalyst Equity Management have raised $100 million for a private equity fund that will invest in Israeli companies, Reuters reported.
ClearVue Partners has closed $262 million for its debut fund. The target was $200 million. The pool’s LP base includes Fidelity, Emerald Hill, Harbourvest, AUDA, JP Morgan, Verlinvest and Robert Wood Johnson Foundation. Based in Shanghai, ClearVue Partners focuses on investments in China’s consumer market.
Toronto growth equity firm Georgian Partners has raised $100 million in the first close of its second fund. The LPs include Northleaf Venture Catalyst Fund, BMO Financial Group, Kensington Capital Partners, Fondaction, various family offices and an unnamed software investor. The fund will focus on tech companies that are using applied analytics.
Mid-market buyout firm Odyssey Investment Partners has raised $2 billion in the final close of its fifth fund. The pool’s initial target was $1.75 billion.
Pine Brook Partners, a private equity fund focused on financial services and energy deals, beat the target for its sophomore fund, raising $2.43 billion.
Dallas-based Teakwood Capital has closed its third fund on $90 million, beating its $75 million target, after six months in the market. Fund III raised capital from endowments and institutional investors as well as family offices. Teakwood invests in technology-focused companies with revenues below $25 million.