The Russian Direct Investment Fund (RDIF) and China Development Bank (CDB) are to set up the China-Russia RMB Investment Cooperation Fund. A Memorandum of Understanding has been signed by the executives of the RDIF and CDB during the Russia-China negotiations in Moscow. It was attended by Vladimir Putin, the leader

KGAL has held the first closing of its core plus European renewable fund ESPF 4. With EUR255 million of committed equity, the Luxembourg-based SICAV-SIF vehicle is in line with its fundraising schedule, having attracted large commitments from four major European institutional clients. KGAL ESPF 4 fund was launched a year

Cipio Partners, a leading European secondary direct and growth capital investment firm, has closed its latest fund, Cipio Partners Fund VII SICAR, with EUR174 million in commitments. The successful fundraise is a step up from the firm’s previous fund generation which closed at EUR137 million.   Commitments came from a

Atlas Venture, an early stage venture capital firm investing in groundbreaking biotech innovation, has closed ts eleventh fund, raising USD350 million in a highly oversubscribed fundraise. With Fund XI, Atlas Venture will continue to advance its mission of doing well by doing good, building biotech companies to deliver high-impact therapies

Fried Frank has advised iCON Infrastructure LLP on the raising of its fourth infrastructure fund, iCON Infrastructure Partners IV (iCON IV), which was oversubscribed reaching its first and final close at its hard cap of EUR1.2 billion. iCON IV was backed by a number of renowned pension funds, asset managers

Cathay Capital has held the closing of Cathay Innovation’s first investment vehicle for a total of USD320 million. This sum constitutes a record for a first-time venture capital fund raised in Europe. The success of this fundraising can largely be explained by the unique approach proposed by Cathay Innovation and

CVC Credit Partners (CVC Credit) has closed CVC Credit Partners Global CLO Management Limited, providing CVC Credit with risk retention capital for its global CLO business. Global CLO Management Limited closed at its hard cap of USD600 million. CVC Credit’s Global CLO Management Limited provides strategic balance sheet capital to

Carey Olsen’s Guernsey funds team has advised ADM Capital Europe LLP, a London-private equity and investment advisory firm, on the launch of its global agribusiness investment fund, the Cibus Fund. The Cibus fund held its first close of USD100 million on 2 May and is targeting a USD500 million final