Religare Enterprises, a financial services group focusing on emerging markets, has approved a commitment of up to USD1bn for investments in asset management businesses. The board has approved an initial investment in Northgate Capital, a private equity and venture capital firm with principal offices in the San Francisco Bay Area

OrbiMed, an investment management firm focused on the healthcare sector, has launched its next venture capital fund, Caduceus Private Investments IV, with USD550m in limited partner commitments. Approximately 80 per cent of the new fund’s capital is from returning investors, and the fund’s partners include some of the largest pension

Private equity firm Global Environment Fund has made an investment of USD30m in UPC Renewables China, an independent renewable energy producer with specific focus in wind energy development. The investment will be dedicated to wind power development in China, where UPC has 150 MW in construction and more than 3

RedPrairie Holding, a productivity solutions provider, has entered into a definitive agreement to be acquired by a fund affiliated with New Mountain Capital, a private equity firm. RedPrairie says the acquisition will enable it to accelerate its growth rate while enhancing its commitment to customer success. "Our objective is to

Nearly half of venture capital providers say lending will be more restrictive in the next 12 months, according to a study by Pepperdine University’s Graziadio School of Business and Management. At the same time, 70.5 per cent agree that demand for venture capital will grow. Findings on the venture capital

Maven Capital Partners as joint manager of the Capital for Enterprise Fund has made a GBP1.5m investment in PrismTech Group, a provider of high-performance communications software. The GBP75m Capital for Enterprise Fund is a government backed initiative launched earlier this year to help small and medium size enterprises in the

Highland Gold Mining has acquired a license for exploration and mining rights for the Blagodatnoye prospect in the Khabarovsk region of Russia.  Blagodatnoye has a reported prognostic resource of five tonnes (161,000 oz) of gold. The acquisition was made in an open auction on 19 February in Khabarovsk for a

Citadel Capital, a private equity firm in Africa and the Middle East, has acquired a 49 per cent stake in Sheltam Railways, the largest single shareholder and lead investor in Rift Valley Railways of Kenya and Uganda. Sheltam owns 35 per cent of Rift Valley Railways, which has a 25

Low Carbon Accelerator’s consolidated net asset value was GBP43.28m or 50.3 pence per ordinary share at 30 November 2009, down 1.9 per cent on the pro forma 30 November 2008 NAV of 51.3 pence per ordinary share. The first half of the year presented difficult economic conditions and the group

A consortium of investors has sold their stakes in BitBand Technologies, an Israel-based provider of cross platform video content delivery network solutions, to Motorola. The consortium includes Sequoia Capital Israel, The Challenge Fund – Etgar LP (Challenge Fund I), Aviv Venture Capital, Apax Partners, Portview Communications Partners and Ascend Technology