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PE fund briefs, week of Dec. 15, 2008

CCMP raises $1.2B, changes name

CCMP Capital Asia has closed its third fund with $1.2 billion in capital commitments. The Hong Kong-based buyout firm also said that it is changing its name to Unitas Capital when its affiliation with New York-based CCMP Capital Advisors—the private equity group that spun out of JPMorgan in 2006—ends on Jan. 30. Andrew Liu will remain CEO of the firm after the name change.

Investors in Asia Opportunity Fund III include Goldman Sachs.

Asia Opportunity Fund II, the $1.59 billion buyout fund raised by CCMP Capital Asia in 2005, invested in several areas including cleantech, environmental protection, retail and automobiles in China, Japan, South Korea, Singapore and Australia, according to industry data service Zero2IPO. —Reuters

Pequot pulls in $453M

Pequot Capital has closed its third special opportunities fund with $453 million in capital commitments, according to LBO Wire.

The Westport, Conn.-based firm’s second special opportunities fund had closed four years ago with $200 million.