Global Infrastructure Partners, an independent USD5.64bn infrastructure investment fund, has reached agreement to acquire up to a 40 per cent convertible preferred interest in Terra-Gen Power from ArcLight Capital Partners. Financial details of the investment were not disclosed. Terra-Gen is a US renewable power generation company that owns or operates

The State Street Private Equity Index, which includes more than 1,600 private equity partnerships with aggregate commitments of approximately USD1.5trn, posted a return of 5.48 per cent in the second quarter of 2009 after five consecutive quarters of negative returns. All strategies and geographies were positive contributors during the quarter,

GreenPeak Technologies, a semiconductor company offering ultra low power wireless and battery-free data communication technologies, has closed a series B financing round. The financing round totalling EUR13m, led by Gimv and Robert Bosch Venture Capital and supported by DFJ Esprit, Motorola Ventures and Allegro Investment Fund, will provide the company

American Securities, a New York-based private equity firm, has completed its acquisition of GenTek, a provider of inorganic chemical products and valve actuation systems for automotive and heavy duty/commercial engines.   Equity was provided by American Securities Partners V, a USD2.3bn private equity partnership. GenTek operates through two business segments:

US venture capital investment in cleantech companies in Q3 2009 increased 46 per cent compared to the prior quarter to USD965m in 50 financing rounds, according to an Ernst & Young analysis based on data from Dow Jones VentureSource. This is the second consecutive quarter of growth in 2009 and

TJ Hughes, the big brand discount department store backed by European private equity firm Silverfleet Capital, has appointed Hawkpoint to undertake a strategic review of the business. Sue Tennant, chief executive of TJ Hughes, says: “We’ve defied the gloom on the high street with a successful strategy of providing branded

State Street has been appointed to provide fund administration services for Intermountain Equity Group’s newly launched private equity fund. State Street will support IEG’s USD400m private equity real estate fund with a full range of administration services, including custody, accounting, financial reporting and tax services. Based in Sun Valley, Idaho,

The Churchill Club, Silicon Valley’s business and technology forum, will host a discussion with private equity and venture capital experts on 3 November 2009 on the future of venture capital and private equity investing, heading into 2010. According to the forum, private equity and venture capital will play a key

Henderson Equity Partners has completed a USD17m investment in Genesis Colors Private, a specialist in Indian luxury apparel, on behalf of Henderson Asia Pacific Equity Partners II. Genesis is engaged in the design, manufacture and sale of luxury apparel under the Satya Paul brand and also has distribution rights in