LP Profiles

Asia-focused alternative asset manager PAG is reportedly looking to raise $500m for its second growth fund, just one year after hitting a $1.5bn final close for its fourth loan fund.

Private equity major Genstar Capital has reinvested in portfolio company Association Member Benefits Advisors out of its ninth fund.

Navis Capital Partners, a Singapore-headquartered private equity firm, has closed a pair of funds aimed at Asia-based opportunities.

Sustainability-focused private equity house Ambienta has agreed to sell Calucem to Cementos Molins in a trade deal for €150m, scoring around 2x return from a five-year investment period.

Hong Kong-based private equity firm EmergeVest has invested into Lucy, the world’s first neobank aimed at women entrepreneurs.

Lower mid-market focused private equity house Lonsdale Capital Partners scored a 2.5x return by selling London-based mortgage broker Charles Cameron & Associates to Penta Capital backed Socium Group.

Private equity house HIG Capital has agreed to acquire Quick Restaurants from Burger King France in a deal that is said to reach €240m.

Private equity and infrastructure manager Foresight Group has beat the initial hard cap to hold a third close for Foresight Energy Infrastructure Partners on €787m. Investors have given consent to increase the maximum fund size and the fundraising period will be extended to September.

The Canada Pension Plan Investment Board has named Suyi Kim as its new global head of private equity - the first woman to be named to the role at the LP.

Health and wellness-focused private equity house WM Partners has picked plant-based protein powder business Vega as its latest investment.