Beechbrook Capital has hit a hard cap at final close of Beechbrook Mezzanine II at 151 million euros ($204 million). Beechbrook Capital, a specialist direct lender, invests in small and midsize companies in the U.K. and Northern Europe.
European buyout house Bridgepoint is back in the market with Bridgepoint Europe V LP, according to SEC filings that did not reveal a target. However, in a recent letter, Portfolio Advisors said the fund was targeting 3.5 billion euros ($4.7 billion) with a hard cap of 4 billion euros.
The Carlyle Group and Cardinal Capital Group have raised 292 million euros ($395 million) in the final close of their joint Irish private equity fund. Its LPs include the Irish National Pensions Reserve Fund and Enterprise Ireland.
Secondaries firm Committed Advisors has closed its second fund at its hard cap of 500 million euros ($673 million). Committed Advisors Secondary Fund II was targeting 400 million euros. Investors include endowments, family offices, pension plans, financial institutions and high net worth individuals.
Euro Choice Secondary, a private equity secondary investment program advised by Akina, has completed its first closing rounds at 73.5 million euros ($100 million). Euro Choice Secondary targets value, inflection point and high-discount investment opportunities in the European middle market.
Chicago-based Frontenac Company has raised $250 million in the final close of its tenth private equity fund. M2O Private Fund Advisors served as adviser on the fund.
Hermes Fund Managers has held an interim close for the Hermes GPE Infrastructure Fund and its related accounts. Hermes has now raised more than 700 million pounds ($1.2 billion), including allocations from several UK local government pensions.
Idinvest Partners has closed its second SME senior debt fund, Idinvest Dette Senior II, at 400 million euros ($544 million), exceeding its 350 million euro target. The new fund will provide senior debt financing for acquisitions and development of non-listed European companies with solid fundamentals.
Denver-based private equity firm Lariat Partners has raised $118 million in the final close of its first fund. The firm invests in the lower middle market.
Lexington Partners has closed at $1.070 billion for its third mid-market secondaries fund. The target was $750 million.
Canadian private markets fund manager Northleaf Capital Partners has raised $520 million in the final close of its pooled infrastructure fund NCIP. The target was $300 million.
The Riverside Company has closed its latest fund on its hard cap of $350 million. Riverside Micro-Cap Fund III was oversubscribed.
Italian mid-market buyout firm Xenon has raised 184 million euros ($249 million) in the final close of its sixth fund. The target was 150 million euros. Its LP base includes pension funds, sovereign funds, funds of funds, foundations and endowments. Campbell Lutyens & Co served as the placement agent.