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Abbott raises USD1bn for sixth private equity fund of funds

Abbott Capital Management has raised more than USD1bn for Abbott Capital Private Equity Fund VI, reaching its target for the fund. Like its predecessor funds, ACE VI’s investment strategy is to invest in a diversified pool of venture capital and growth equity, buyout and special situations funds in the US

Vision Capital leads USD30m investment in Meru Networks

Meru Networks has raised USD30m in a private funding round led by a new investor managed by Vision Capital Advisors of New York City. Existing investors, including Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures, also participated in the

Comment: Madoff still causing a stir

Four months after Bernard Madoff admitted to defrauding thousands of investors of an amount that, including non-existent profits, could total as much as USD65bn, the ripples of the scandal

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