fundnotes 050205

Fund Notes Frazier Healthcare Ventures has closed its fifth fund with about $454 million in limited partner commitments, according to a regulatory filing. The firm had been targeting $450 million, and had held an earlier close on $267 million. Backers include the California State Teachers? Retirement System and the Pennsylvania State Employees? Retirement System.Merit Capital Partners of Chicago has closed its fourth mezzanine fund with about $450 million (including a $50 million parallel fund), according to regulatory filings.KRG Capital Partners, a Denver-based buyout firm focused on the middle-markets, has secured about $552 million for its third fund, according to a regulatory filing. The firm is looking to raise $690 million, and is using Probitas Partners as its placement agent.Advent International has closed its fifth global private equity fund with $3.3 billion in limited partner commitments. Backers included GIC Special Investments, Canada Pension Plan Investment Board, AlpInvest Partners, State of Michigan Retirement Systems, Pantheon Ventures clients, Partners Group clients and the California Public Employees? Retirement System.Levensohn Venture Partners of San Francisco has closed its third fund with $60 million in limited partner commitments.Linsalata Capital Partners, a Mayfield Heights, Ohio-based private equity firm, is looking to raise up to $410 million for its fifth fund, according to a regulatory filing.EdgeStone Capital Partners, a Toronto-based private equity firm, is looking to raise $480 million for a new fund, according to press reports.Sofinnova Venture Partners of San Francisco raised more than $20 million from 53 accredited investors for its fifth fund, according to a regulatory filing.RA Capital Biotech Fund LP raised an additional $500,000 from one accredited investor through a private placement of partnership interests, according to a regulatory filing. This brings the total amount raised to $18.8 million. The partnership is a biotech public-equity investment fund.Skyline Ventures, a Palo Alto, Calif.-based firm focused on early stage health care companies, has raised about $172 million for its fourth fund, according to a regulatory filing. The only limited partner listed is the California State Public Employees? Retirement System.The information in Fund Notes is compiled by PE Week staff from press releases, news articles and other sources. Some of the briefs are derived from filings with the Securities and Exchange Commission, and are only as current as the filings themselves. The listings are not an advertisement for the sale of securities