Private Equity

Advent International has raised $10.4 billion for its sixth global buyout fund which the firm says is the largest mid-market buyout fund ever raised.

DLJ South American Partners, a joint venture between a team of South American investment professionals and Credit Suisse’s alternative investments business, has raised its first private equity fund targeting investments in Latin America.

U.K.-based lower mid-market buyout firm Octopus Private Equity has appointed Mark Fowler as investment manager.

Credit Suisse is set to commit as much as $300 million to renewable energy investments under a deal with private equity firm Hudson Clean Energy Partners.

Stamford, Connecticut-based Newbury Partners, a secondary buyout firm, recently held a first close on its maiden private equity fund at $702 million.

Sydney, Australia-based Pacific Equity Partners has raised A$4 billion (US$3.6B) for its fourth private equity fund.

Fortress Investment Group plans to raise as much as $20 billion this year to pounce on opportunities created by the credit crisis.

The Bank of New York Mellon has unveiled a new suite of alternative investment administration services for plan sponsors and non-profit organizations.

The $166.5 billion California State Teachers’ Retirement System has awarded Invesco Private Capital a $200 million mandate to help manage its New and Next Generation Manager Fund II, a private equity fund of funds.

Alberta, Canada-based Mosaic Investments has launched what it bills as the only private equity fund of its kind in Canada focused on acquiring farmland primarily in the provinces of Alberta, Saskatchewan and Manitoba.