Axa Private Equity has acquired a USD1.9bn portfolio of limited partnership interests in private equity funds from Bank of America. Axa says this represents one of the largest secondary private equity transactions in history. The portfolio strengthens Axa Private Equity’s position in the US and adds to a series of

Amonix, a designer and manufacturer of concentrated photovoltaic solar power systems, has raised a USD129.4m series B financing round led by Kleiner, Perkins, Caufield & Byers. Other participants in the round include Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital, New Silk Route, The Westly

MMC Ventures has invested growth capital to accelerate the expansion of Creativity Software, a supplier of end-to-end location based services solutions to mobile network operators.  Creativity Software is one of the few providers of an LBS one stop shop suite of network infrastructure, middleware and end user applications, enabling mobile

Wheb Ventures, a European clean technology private equity firm, has completed the fourth closing of its second clean technology fund, Wheb Ventures Private Equity Fund 2 at GBP100.3m (EUR114m or USD153m). Wheb has so far attracted support from family offices and financial institutions and will hold the fund’s final closing

Sedgwick Claims Management Services, a US-based provider of insurance claims administration services, has agreed to be acquired by private equity firms Stone Point Capital and Hellman & Friedman for USD1.1bn (EUR816m). Sedgwick is currently controlled by US title insurer Fidelity National Financial, leveraged buyout specialist Thomas H. Lee Partners, Evercore

GE Antares Capital, a unit of GE Capital, has served as administrative agent for a senior secured credit facility in conjunction with the acquisition of Caravan Trading by Sterling Foods, an existing portfolio company of TGF Management and Austin Ventures. Proceeds of the new facility were used to finance the

Several private equity investors have acknowledged support for the Cloud Communications Alliance, a consortium of eight companies that aims to drive development and adoption of the first nationwide high-definition enterprise voice and data network in the IP cloud. The alliance was launched at the Cloud Computing Expo being held this

Base10 Capital Advisors has added private equity fundraising as an expansion of services to owners, developers and investors of mid-market commercial properties. The company says that by connecting clients with high net-worth sources of private equity fundraising, it fills a void that exists in the Western Canadian commercial real estate