Union Bancaire Privée, UBP SA (UBP) has held the first close of UBP Private Debt Fund III, at over EUR110 million.
Launches & Fundraising
Hedge fund veterans Chris James and Charles Penner are part of the founding team behind new impact investor Engine No 1, which will look to create long-term value by driving positive impact through active ownership and investment in public and private companies through multiple strategies.
Mirabaud Asset Management – the investment arm of the Mirabaud Group – has held the first close of its Mirabaud Lifestyle Impact & Innovation private equity vehicle.
Longship, a Norway-based, lower mid-market buyout specialist, has closed its second buyout fund at its hard cap of NOK1.7 billion (cEUR160 million).
CVC Credit Partners (CVC Credit) has priced Cordatus XIX, a Collateralised Loan Obligation (CLO) fund totalling EUR379 million arranged by Barclays.
ADM Capital, a Hong Kong headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment, has received a USD100 million seed commitment from the Asian Infrastructure Investment Bank (AIIB) to launch a new USD-denominated Asia-focused debt fund dedicated to renewable energy called the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund.
Vala Capital, an entrepreneur-led venture capital firm, has launched the Vala Sustainable Growth EIS (enterprise investment scheme) targeting small companies focused on sustainable solutions.
The UK-focused Blue Impact Fund, with a pipeline of an estimated value of up to GBP90 million, launched at the Natural Capital Finance & Investment Conference today (24 November).
HIG Capital (HIG), a global alternative asset management firm with USD42 billion of equity capital under management, has closed its third European Lower Middle Market Fund, HIG Europe Capital Partners III with aggregate capital commitments of EUR1.1 billion, exceeding its target.
Bad Homburg-based FERI Group is cooperating with Target Global in the management and placement of a new venture capital growth fund. The two companies will work together in the selection of target investments and the placement of this new alternative investment fund for growth capital.