Wellspring Capital Management (Wellspring) has closed Wellspring Capital Partners VI with capital commitments totalling the hard cap of USD1.415 billion.  The 2011 Wellspring Capital Partners V LP was fully invested at USD1.2 billion and has generated positive returns for its investors to-date.   Fund VI brings the firm’s assets under

Octopus Investments is to utilise the GBP80 million over allotment facility in its current fundraise for the UK’s largest VCT, Octopus Titan VCT, after investor demand took the total fundraising amount to record-breaking levels. Octopus Titan VCT rapidly reached its initial target of GBP120 million within just four months and

Automotive alliance Renault-Nissan-Mitsubishi has launched Alliance Ventures, a new corporate venture capital fund that plans to invest up to USD1 billion to support open innovation over the next five years. In its first year, the fund expects to invest up to USD200 million in start-ups and open innovation partnerships with

Britbots, an organisation dedicated to promoting UK-based robotics companies, and Sapphire Capital Partners, have launched the second British Robotics Seed Fund.  The new fund follows the success of the first fund, which has now been fully invested, leading the seed rounds of six high-potential robotics and AI (artificial intelligence) related

Bpifrance, China Development Bank (CDB) and Cathay Capital are to launch the Sino French Midcap Fund II, which has a fundraising target of EUR1.2 billion and is the successor to the first Sino French Midcap Fund which was Iaunched in 2014. The fund should complete its first closing and first

Morgan Stanley Alternative Investment Partners Private Markets team (AIP Private Markets), an investment team within Morgan Stanley Investment Management, has completed the final close of its first standalone co-investment fund, Private Equity Co-Investment Fund I (PECO I). Commitments to PECO I totalled USD425 million, exceeding AIP Private Markets’ target of

LightBay Capital (LightBay), a Los Angeles-based private equity firm focused on middle-market opportunities, has successfully completed fundraising for its inaugural institutional fund, LightBay Investment Partners, with total committed capital of USD615 million.  The oversubscribed Fund, which LightBay officially began marketing in April 2017, exceeded its target of USD450 million with

Capidea Management has held the first closing of its third private equity fund, Capidea Kapital III K/S with commitments of DKK750 million from a group of new and existing Danish and international investors. The Fund has a target of DKK1 billion. Capidea was established in November 2006 with the objective

Progressio SGR, a Milan-based Italian mid-market private equity investment specialist, has held the first close of Progressio Investimenti III with EUR86 million of total commitments and and over 50 per cent re ups from Fund II. Fund III is targeting a fund size of EUR225 million, and Progressio expects to

Brookfield Asset Management has held the final close on the Brookfield Infrastructure Debt Fund (BID) with aggregate equity commitments of approximately USD885 million, exceeding its target of USD700 million.  BID is Brookfield’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North