Black Pearl Capital, an asset management and advisory firm, has closed its first private equity fund with a committed capital of USD50m. The Black Pearl Capital Partners fund will be the first in a series of private equity funds raised by the firm to take advantage of opportunities in various

Royalton Capital Investors, a private equity fund focused on Central and Eastern Europe, has sold 100 per cent of mPunkt Polska to Cyfrowy Polsat, the biggest Polish DTH platform offering pay TV services and mobile telephony and broadband internet access. Final proceeds were received on 4 August 2010  Since 2002,

Kneip, an independent service provider to the asset management industry, has acquired Co-Link, a specialist in fund reporting technology and services for investment funds. In recent years, Kneip has invested heavily in its fund reporting services and solutions. Kneip will integrate the entire Co-Link team. Bob Kneip, founder and chief

Institutional Venture Partners has closed Institutional Venture Partners XIII, a USD750m later-stage venture capital and growth equity fund.  The fund will continue IVP’s strategy of investing in rapidly-growing technology and digital media companies throughout the US.  IVP XIII is the largest fund raised in IVP’s 30 year history. It brings

Alternative asset manager The Carlyle Group has made an investment in Scalina, Brazil’s largest manufacturer and retailer of woman’s hosiery and lingerie. Financial terms were not disclosed. Carlyle director Juan Carlos Felix says: “Scalina is a well managed company with excellent growth opportunities. We are pleased to partner with company

Private equity firm Candover Investments has ended months of uncertainty over its future by announcing that it is to wind itself up. The decision, which comes after a failed attempt last month to sell the business, means that Candover is now looking to sell its portfolio companies and return cash

Accel Partners is investing EUR37m in Showroomprive.com, a members’ only fashion e-commerce site which sells designer brands at discount prices. Showroomprive.com was founded in France but entered the Spanish market this year.   The investment is part of a wider range of investments Accel is making in the area of

Eurazeo has reported group net income of EUR88.5m for the first half of 2010, compared with a loss of EUR120.9m for the first half of 2009. Consolidated revenues totalled EUR1,892.9m, an increase of 4.5 per cent with more pronounced second quarter growth. The completion of the optimised divestiture programme of

Otonomy, a biopharmaceutical company developing drug therapies for disorders of the inner and middle ear, has closed a USD38.5m series B financing co-led by Novo Ventures and RiverVest Venture Partners and joined by Domain Associates and TPG Biotech. This financing is incremental to the USD10m series A closed with Avalon