This Week's Fund Closings

Nov 11 2005 | 9:24pm ET

• Rye Brook, New York-based private equity firm Cadent Energy Partners has closed its first fund, Cadent Energy Partners I, with $220 million in commitments.

• Darien, Conn.-based Portfolio Advisors has closed its third fund of funds, Portfolio Advisors Private Equity Fund III, with $661 million. The fund, which was launched in June 2004, originally had a target of $250 million.

• New York-based private equity firm Salmon River, which is managed by Joshua Lewis, has held a first close of its initial fund with $20 million in commitments.

• Private equity firm Energy Investors Funds has closed the firm's sixth institutional fund, the United States Power Fund II, with $750 million in commitments. The fund's original target was $500 million.

• PNC Financial Services Group's private equity arm has closed its third fund, the PNC Mezzanine Fund III, with $350 million in commitments.

• Capri Capital Advisors, which provides debt and equity capital to real estate developers and owners, has closed its second commingled mezzanine debt fund with $287.5 million. Trish Hoffman, spokeswoman, said the firm has 15 institutional investors, but declined to name them.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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