Fund News

CITIC Capital Partners has hit a $1.57bn hard cap final close for the dollar-denominated part of its third China-focused fund.

JP Morgan Asset Management has raised one the largest private equity funds dedicated to shipping by holding a $480m final close for the vehicle.

The $47bn-managing Illinois Teachers' Retirement System is the latest LP to back Apollo's mammoth $22.5bn-targeting fundraise.

Emerging markets investment firm LeapFrog has made its largest deal to date by backing Ghanaian financial services provider Enterprise Group.

Canadian buyout house Catalyst Capital Partners is reportedly having another tilt at exiting portfolio company Therapure Biopharma, just over a year after scrapping its planned IPO.

Private equity house Brentwood Associates has hired ex- Austin Ventures veteran Craig Milius as managing director.

CalSTRS' director of corporate governance has been elected as chairman of the US securities regulator's investor advisory committee as it continues its work enhancing investor rights.

A trio of private equity majors are reportedly looking to bring Italian motorcycle maker Ducati back into buyout hands, five years after missing out on the business to carmaking giant Volkswagen.

L Catterton could be in line for a quick return on its Home Chef investment amid reports the US meal kit company is exploring options for a sale.

Latin America-focused private equity house Australis Partners has closed its debut fund on $379m.