Gemini raised $58 million for its fourth fund in 2005, which followed a $180 million third fund raised in 2000.
GTCR prepping for new fund
Bruce Rauner, principal and chairman of GTCR, said that the firm is gearing up to raise its 10th fund, he said while participating at the Buyouts Chicago event (hosted earlier this month by PE Week affiliate publication Buyouts). When asked if there would be any term changes prompted by new taxes/regulations, he said, “no.”
GTCR raised $2.75 billion for its ninth fund in 2009.
Citi looks to raise $3B
Citi Capital Advisors, a division of Citigroup, may seek $1.5 billion for private equity and $750 million for hedge funds, the sources told the news agency.
Reportedly, Citi hopes to raise an additional $1 billion for its hedge funds next year.
Citigroup could not immediately be reached for comment by Reuters. —Sakthi Prasad, Reuters
Linden raises $375M
The firm originally went out seeking $300 million, with a $350 million hard cap, but raised the limit due to oversubscription.
Partners Group raises mezz debt fund
Zug, Switzerland-based
Partner René Biner said that the mezzanine asset class has held up well during the downturn, compared to other asset classes and proved to be less volatile during the downturn. “We are confident with the build-up of the portfolio and the quality of the deal flow that we are currently seeing,” he said in a prepared release.