Europe’s venture capital industry saw deal activity and investment slow in the third quarter of 2008, according to Dow Jones VentureSource.

More than half of private equity leaders are confident that the full recovery of the market is no more than 18 months away, according to research commissioned by Celerant Consulting.

Accel has announced that it has closed a USD60m venture fund to invest in seed and early stage opportunities in India.

Pátria Investments, an alternative investment and corporate advisory group based in Brazil, has announced the final closing of its latest private equity fund, Pátria Brazi

American Capital, the Maryland-based alternative asset manager, has announced the proposed acquisition of its Guernsey-based subsidiary European Capital.

Specialised infrastructure fund manager Babcock & Brown has announced that it has sold a portfolio of wind farms in Portugal to a consortium of investors led by Magnum Capital for a

Yorkville Advisors, the investment manager of YA Global Investments, has announced the opening of its Asia Pacific regional headquarters in Hong Kong.

Morgenthaler Ventures, an early stage venture capital fund focused on investments in information technology and life science companies, has completed a USD400m raise for its ninth fund.

Clash-Media, the online lead generation organisation, has secured a further GDP1.5m of funding from venture capital firm MMC Ventures.