DMC Partners secures commitments for $2bn fund

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dollar_money_bag_170sqPrivate equity firm DMC Partners has reportedly stepped up talks with LPs for its $2bn maiden fund.

The London-based firm has secured informal commitments from Goldman Sachs bankers and entered into a partnership with Russia’s VTB Capital, said Dow Jones, citing two people familiar with the matter.

Developing markets-focused DMC was lunched last year by senior Goldman Sachs executives including the firm’s former co-head of global securities Edward Eisler.

Other emerging markets-focused funds currently in the market include 57 Stars’ Global Opportunity Fund 3, which is understood to be targeting $400m.

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