This Week's Fund Closings

Jan 26 2006 | 7:41pm ET

• Vestar Capital Partners has closed its latest private equity fund, Vestar Capital Partners V, with total commitments of $3.7 billion. Approximately 130 institutional investors are participating in the fund, with was oversubscribed by $700 million. The buyout firm targets companies in the U.S. and Europe with valuations in the $100 million to $3 billion range.

• Venture capital firm General Catalyst Partners has closed its fourth fund with $400 million in commitments. Investors in the fund, which will focus on entrepreneurs building technology-oriented companies, include existing General Catalyst limited partners and major endowments and foundations. The new fund brings the firm’s total capital under management to nearly $1 billion.

• Chicago-based private equity firm Muller & Monroe Asset Management has closed its latest fund-of-funds with $143 million in commitments. The firm specializes in investing with emerging managers.

• Private equity partnership InterMedia Advisors, which was founded by media executive Leo Hindery Jr., has held an interim close on its first fund, a $1.5 billion targeted vehicle. The fund of the former Global Crossing ceo specializes in investing in mid- to large-sized media and communications companies. 


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Editor's Note