Euro Choice Secondary, the first pure secondary fund advised by Akina, has held its final close at EUR224 million, exceeding its target of EUR200 million. The fund attracted a high level of interest with ultimately some 35 high quality limited partners subscribing, including public and private pension funds, endowments, insurance companies, family offices and wealthy individuals. Geographies range from Australia, North America and Canada to various European countries. Christopher S. Bödtker, Managing Partner of Akina, says: “Euro Choice Secondary, the first pure secondary fund investment programme we advise, exceeding its target size makes us very proud and we are thankful

NGP Energy Capital Management (NGP) has held the final closing of NGP Natural Resources XI at its hard cap of USD5.325 billion.  NGP XI will continue NGP’s 26-year history as a premier provider of private capital and sponsorship to the natural resources industry, focusing on the oil and gas production, oilfield services, and energy midstream sectors through its Natural Gas Partners investment platform. NGP XI will be managed by NGP, bringing the cumulative committed capital under management since 1988 to USD16.5 billion. Kenneth A Hersh, Chief Executive Officer, says: “We are extremely thankful for the ongoing loyalty and support of

Private equity fund American Securities has held the first and final closing of American Securities Partners VII with total capital commitments of USD5 billion.   As a result of strong investor interest, American Securities closed the fund above the USD4 billion target and at the hard cap the firm established at the outset of fundraising in September 2014. "American Securities greatly appreciates the interest expressed in ASP VII by many long-standing relationships, as well as new investors, from the US and global investing community," says Michael G Fisch, President and CEO of American Securities. "This new partnership provides us with

EnBW has sold 49.89% of the shares in offshore wind farm EnBW Baltic 2 to Australian private equity investor Macquarie Capital.  The purchase agreement for the transaction has now been signed. The purchase price for the shares is EUR 720 million. They will be transferred to Macquarie Capital following antitrust clearance and full commissioning of the offshore wind farm, which is expected next summer. EnBW will operate the wind farm and perform maintenance tasks, resulting in the expansion of its service business. A team led by lead partner Dr Jochen Lamb advised EnBW on all aspects of the transaction. EnBW

Fountain Healthcare Partners has held the initial closing of its second fund, Fountain Healthcare Partners Fund II, with EUR85 million of committed capital. The fund is a dedicated life science venture capital (VC) fund and brings Fountain’s total capital under management to EUR158 million. Within the life science sector, Fund II will primarily focus on specialty pharmaceuticals, biotechnology, medical devices and diagnostics. Fountain will invest over 75% of its capital in Europe with the balance in the US market. Having exceeded its initial close target, Fountain is now seeking additional investors to close Fund II with a hard cap of

The Beekman Group has held the first and final closing of Beekman Investment Partners III, LP (Beekman III) at USD230 million in equity commitments. “We are very pleased by the strong investor interest and a single close at our hard cap of USD230 million after just three months of fund raising, says John G Troiano of The Beekman Group.” Beekman III will continue the successful strategy employed by its first two funds, investing in lower middle-market services companies with enterprise values ranging from USD15 million to USD75 million in three focus industry sectors – consumer, healthcare and business services. Beekman