French private equity firm Andera Partners has held a first and final close for its ActoMezz IV sponsorless mezzanine vehicle on more than €500m.
The final close exceeded the original hard-cap, with the fund being raised during the coronavirus lockdown. The target was set at €450m, and was reached in the space of 16 weeks, the firm said in a statement.
BNP Paribas Asset Management has held a final close on its second European SME debt fund at €576.5 million, according to an announcement.
The vehicle, BNP Paribas Euro SME Debt Fund II, provides senior debt to small and medium-sized companies primarily in France, Italy and Belgium. Loans will mainly be originated in partnership with banking affiliate BNP Paribas.
Nordic private equity firm CapMan has launched CapMan Special Situations to focus on turnarounds. The GP is in advanced discussions with investors and expects to launch and hold a first close for its first special situations fund in August this year.
CapMan CEO Joakim Frimodig told Unquote:"We have come across a number of companies that are distressed and we want to give them a second chance to succeed. We also see a strong appetite from investors to invest in such a fund."
GenesisCapital, a private equity firm dedicated to investments in central Europe, islaunching a new fund, Genesis Private Equity Fund IV, with a €150m target.
The vehicle plans to hold a first close at the beginning of 2021.This is the sixth private equity fund raised by Genesis since its establishment20 years ago. The fund will be larger than its predecessor, Genesis Private Equity Fund III, which closed on €82m in 2016.
Quinbrook Infrastructure Partners is preparing the launch of anew low carbon and renewable energy infrastructure fund focused on the UK.
The London-headquartered fund manager is believed to be pre-marketing a new GBP 500m fund to investors that will focus on opportunities exclusively in the UK market, according to two prospective investors.
The team takes a glimpse into the future of European private equity by catching up on the all the hot topics to come out of Unquote’s international fundraising event Allocate. Oscar Geen hosts Gareth Morgan, Katharine Hidalgo, Francesca Veronesi and special guest Frode Odegard, chair and CEO at the Post-Lean Institute.
With millennials now making up the bulk of new entrants in private equity, the expectations of these young professionals can sometimes be at odds with the industry's prevailing culture. Oscar Geen hosts Unquote editor Greg Gille – who spoke with special guest Gail McManus, managing director of private equity recruitment firm PER, about how PE must adapt to secure a prosperous workforce.
Sector specialisation has grown in prominence among private equity players in recent years, as mid-market investors seek to differentiate themselves to attract prospective LPs. Kenny Wastell hosts research manager Gareth Morgan and news editor Oscar Geen, while Oscar speaks with special guest Janet Brooks, managing director at Monument Group, about standing out in the crowd.
The team explores developments in the impact investment space, with brand-name GPs entering the fray and convergence in reporting standards. Oscar Geen hosts Greg Gille and Gareth Morgan, while Kenny Wastell speaks to special guest Michele Giddens, co-founder and partner at Bridges Fund Management.
Unquote’s podcast team has been speaking with your creditors, and getting the low-down on private debt. Kenny Wastell hosts Oscar Geen and Unquote editor Greg Gille, with a special interview between Oscar and Certior Capital partner Timo Hara.