Sphinx Capital Corp, a British Virgin Islands-based private equity shop, is currently marketing a $100 million turnaround buyout fund, Sphinx Turnaround Fund, to invest in small and medium enterprises in Egypt.

Private equity firm PAI Partners has closed its PAI Europe V at €5.4 billion ($8.5 billion).

New York-based Paul Capital has closed its ninth dedicated private equity secondaries fund with $1.65 billion in capital commitments.

Silver Lake, the $16 billion technology-focused private equity firm, has brought on board Miles Flint, the former president of Sony Ericsson Mobile Communications, as a senior advisor to the firm.

A Hong Kong-based private equity firm is raising a fund to invest in a country infamous for its genocidal Communist regime but now looking forward to the opening of its first stock exchange next year.

Leopard Capital has completed an initial closing of the Leopard Cambodia Fund, which has a target size of US$100 million and an expected lifespan of 10 years. The fund has won commitments from investors in Europe, the U.S. and Asia.

Emergent Asset Management is planning a slew of hedge fund and private equity launches in the upcoming months.

The British hedge fund manager is prepping a global foreign-exchange fund for launch in June, and a global macro hedge fund for July. The firm is also launching its first private equity vehicles, focusing on farmland in Africa and defense and high-tech companies in the U.S.

London-based Headway Capital Partners has closed its second private equity secondaries fund, Headway Investment Partners II, at €150 million (US$233 million).

Private equity firm Catterton Partners has closed a consumer companies fund with $300 million in commitments from both existing and new limited partners.

Generation Investment Management, the London-based firm co-founded by former U.S. Vice President Al Gore, has closed its Climate Solutions Fund at $683 million.

Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has appointed David Hudson as senior managing director to lead its Asia operations and global infrastructure initiatives.