Investcorp to raise $274-$548m for first China-focused yuan fund

Investcorp to raise $274-$548m for first China-focused yuan fund

Bahrain-based alternative asset manager Investcorp is aiming to raise 2bn to 4bn yuan ($274m-$548m) for its first private equity fund in the Chinese currency, its executive said, to explore buyout opportunities in the country. Investcorp plans to apply in the next few...
PAI Partners closes new $7.6bn fund, surpassing target

PAI Partners closes new $7.6bn fund, surpassing target

French buyout group PAI Partners said it had raised 7.1bn euros ($7.59bn) for its latest fund, surpassing its target despite difficulties in drawing new money by private equity groups. The fund will be invested in companies in Europe and North America, and is about 40...