Meridiam Infrastructure has closed its Meridiam Infrastructure North America Fund II. A total of $1.05bn is invested in the fund and a co-investment programme.
Private equity stalwart Guy Hands is in early talks with the China Development Bank on launching a global renewables-focused fund. Terra Firma will help sell the fund to European and US investors while the Chinese bank will focus on Chinese LPs.
The bank’s alternative investments group is set to beat its $600m target for its second investment vehicle to buy fund interests, and will likely wrap-up fundraising around the end of the year.
Despite a robust economy, overcrowding and currency issues are taking their toll on the Swiss deal market
The Carlyle Group has closed its third new-issue CLO fund of the last 12 months as its ‘Global Market Strategies’ platform continues to expand.
As banks take a step back from providing debt in the market, opportunities are rife for private equity firms to set up special credit funds.
Having made two investments earlier this month, private debt fund manager Metric Capital Partners is preparing to close a trio of deals as appetite for new sources of capital grows.
The James Zenni-led firm is expected to hold a first close on roughly $200m for its second special situations fund by the end of next month.
The Zug-headquartered firm has collected €375m to take advantage of the dearth of credit available in the market as traditional providers continue to reduce their activity.
The US Securities and Exchange Commission is soliciting public comment after backing the rule that will allow GPs to market their funds freely.