Wednesday, 27 May 2015
Last updated 53 min ago
Feb 29 2008 | 12:33pm ET
Norway’s HitecVision Private Equity AS said it has received commitments of US$800 million for its new buyout fund, HitecVision V, exceeding the original US$600 million target.
The fund will make eight to 10 platform investments in the oil and gas industry in Europe and North America within the next five years, with equity investments ranging from $US30 million to US$150 million. Ole Ertvaag, CEO and founding partner of the Stavanger-based firm, said, “We are extremely pleased with the strong support we have received from our long-standing investor base and to welcome this high caliber group of new international investors to the fund.”
MVision Private Equity Advisers acted as global placing agent for the fund.
With the new fund in the fold, HitecVision now manages three p.e. funds with a total committed capital base of over US$1.2 billion.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…