Venture capital interest in medical devices, pharmaceuticals, biotechnology and other medtech sectors remained high over the past 12 months, despite a marked shift towards investment in clean and green technologies. "Venture firms still favoured the life sciences over all other industries," says Sarit Bailey, director of research for the just

The listed private equity sector has delivered exceptional returns over the past year, research by Collins Stewart has found. Solid net asset value returns have been enhanced by improvements in ratings from capitulation levels, balance sheet issues have been addressed, and mature portfolios have begun to deliver healthy, positive cash-flows.

Lehman Brothers has completed the spin-out of its European mezzanine business, Lehman Brothers European Mezzanine Partners, to Neovara, a new independent credit asset manager established by Lehman Brothers European Mezzanine Partners’ management team. Neovara will advise on the realization of the EUR800m Lehman Brothers European Mezzanine Fund.   The spin-out

Climate Change Capital Private Equity has invested a further GBP7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm. The proceeds have enabled Climate Energy to enter into an agreement to acquire Creative Environmental Networks for an undisclosed sum. Climate Energy has also appointed Mark Davies,

HarbourVest Global Private Equity, a closed-end investment company, had an estimated net asset value of USD717.1m or USD8.64 per share as at 30 April 2010. This represents a 0.1 per cent increase from the 31 March 2010 estimated NAV per share of USD8.63. The company was net cash flow positive

Sequent Medical has closed a USD15.6m series B venture capital financing led by Domain Associates. Existing investors Versant Ventures and US Venture Partners also participated in the financing. Nimesh Shah (pictured), principal of Domain, will join Sequent’s board of directors. "We are privileged to have such a high calibre group

Tandem Expansion has made the first investment from its CAD300m Tandem Expansion Fund I in Delta-Q Technologies. Delta-Q is a technology company that supplies power conversion and power management products for electric drive vehicles with over 500,000 units in use on vehicles such as golf cars, aerial work platforms, industrial

Jeff Giller and Brendan MacDonald have formed Clairvue Capital Partners and held an initial closing of the company’s first fund, Clairvue Capital Partners I, with USD250m in capital commitments. Clairvue was established to manage funds focused on recapitalising real estate private equity funds, real estate operating companies, institutionally managed property