Citigroup has transferred the management and certain proprietary interests in its fund of funds, mezzanine funds, feeder funds and co-investment businesses to StepStone Group and Lexington Partners. As part of the agreement, StepStone will provide ongoing management and advisory services for the CPE businesses’ USD4,000m fund of funds, feeder and

US venture capital investment in cleantech companies in Q3 2010 fell to USD575.6m in 53 financing rounds, a 55 per cent decrease in capital and a 22 per cent decrease in deals compared to Q3 2009, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.

Private equity firm Advent International has acquired BOS Solutions, a provider of drilling fluid treatment and recovery solutions to oil and gas exploration and production companies.  Along with the acquisition of equity from existing shareholders, Advent has also provided BOS with access to the necessary capital to execute on its

National Fostering Agency Partnerships, a company backed by Sovereign Capital, has acquired Jay Fostering, the group’s fifth acquisition. Sovereign Capital led the institutional buy-out of NFA in December 2006.  Since then, Sovereign has backed the bolt-on acquisitions of five companies including The Foster Care Agency, Alliance Fostering, Child First Fostering

Climate Energy has acquired Suffolk based Solutions 4 Energy for an undisclosed sum, in a bid to expand its portfolio and strengthen its own market position. Climate Energy says the acquisition will allow it to create a more robust business in order to weather future changes in funding availability and

With the exception of the 20-year return which increased modestly, venture capital performance declined across most time horizons as of the end of the second quarter of 2010, according to the Cambridge Associates US Venture Capital Index, the performance benchmark of the National Venture Capital Association. While the deterioration was

Ailant Finance’s private wealth management division plans to launch a private equity fund which so far has USD100m in seed investment committed. The official marketing period of the natural resources-focused fund will begin in December and last six to eight months, or until it has hit its targeted maximum capital

Competitive Companies is entering into an equity line financing facility in the amount of USD10m with Dutchess Opportunity Cayman Fund. During the 36-month term of the equity line facility, Dutchess will be required at the option of CCI to purchase up to USD10m of CCI common stock. Each drawdown will