Accel-KKR has closed Accel-KKR Structured Capital Partners II with $325 million in committed capital, exceeding its target. The new fund continues the predecessor fund’s focus on making minority equity investments in growing technology companies via senior equity and other structured securities.
ATP Private Equity Partners has reached a final close of ATP Private Equity Partners V at 800 million euros ($1.1 billion) . ATP PEP is the private equity arm of ATP, Denmark’s largest pension fund.
The Blackstone Group has raised $7 billion for its fourth European real estate fund. According to the firm, this figure is the “largest ever” it has closed for its European real estate fund.
Global alternative asset manager The Carlyle Group has closed two collateralized loan obligation funds in the U.S. and Europe totaling $1.25 billion. Carlyle GMS CLO 2014-1 and Carlyle GMS Euro CLO 2014-1 will invest predominantly in senior secured bank loans.
Crestline Investors has reached a final close of two investment funds, including $980 million of investor commitments to the Crestline Opportunity Fund II platform and $738 million of investor commitments to the Crestline Recovery Fund III platform. These funds are the fifth and sixth in a series of opportunistic funds the firm has launched since 2005. Total assets committed to all six funds are $2.7 billion.
Ensemble Hotel Partners has backed Mosaic Investment Partners’ Mosaic Ensemble Hospitality Fund, a $75 million private equity fund designed to target value-add hotel investment opportunities in the United States. The fund launched in late 2013 and recently closed its first acquisition, Bernardus Lodge, a 57-room luxury resort and spa situated on 25 acres of land in Carmel Valley, California.
Growth equity firm FTV Capital has raised $700 million in the final close of its fourth fund. The target was $500 million. The pool’s LPs include banks, insurance companies, public and corporate pension plans, college and university endowments and foundations.
Japan Bank for International Cooperation and Sumitomo Mitsui Trust Bank are to invest in CVC Capital Partners’ fourth Asian fund, which is seeking to raise around $3 billion, Reuters reported. London-based CVC plans to invest the fund in companies across the region, in countries such as Indonesia, Malaysia, the Philippines and China.
PineBridge’s Mexico-focused CKD I fund has invested approximately $104.5 million in five Mexican private market managers. Among the funds receiving the capital commitments are Ventura Capital Privado Fund and Alsis Mexico Housing Opportunities Fund Offshore.
Richmond, Virginia-based alternative investment firm Private Advisors has raised $120 million for its third co-investment fund. The target was $100 million.