Richman Group closed a total of USD 291 million of tax credit funds. Richman Group Affordable Housing Corp, a top equity fund sponsor for housing, closed a USD 166 million fund that includes a portfolio of properties scattered in 18 states and USD 125 million fund in New York, bringing up the total to USD 291 million.
Fund of funds
CincyTech raises US10.9 mln for third fund
Cincinnati-based investment firm CincyTech gained US$10.9 million in additional capital from Ohio Third Frontier and Southwest Ohio partners.
Old Mutual launches new fund
Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.
IMF abandons plan to seek out Supreme Court for Argentina legal battle
The International Monetary Fund forgoes Managing Director Lagarde's recommendation due to lack of United States support.
Star Bulk Carriers collects US$80 million in its equity rights offering
Star Bulk Carriers stated that it had raised more than US$80 million mostly from its existing investors.
Latest News
JenaValve Technology Inc. stated that it had gathered US$62.5 million in venture capital. JenaValve Technology, Inc. announced that it has collected US$62.
Shoes of Prey stated that they want to put up US$20 million in funding to help them expand. Shoes of Prey announced that they are looking to raise up to US$20 million in funding.
A PricewaterhouseCoopers report revealed that venture capitalists invested more than US$132 million into Ohio in the second quarter of 2013.
An investment tracking group reported that in the Asia-Pacific region, venture capital deals had an average value of US$67 million.
Alcresta announced that it had raised US$10 million to accelerate production and commercialization of its drug that helps cancer patients.
Minnesota firms urged Gov. Mark Dayton's administration to support an idea for a fund that will support smaller Minnesota businesses.
CVC Capital announced that they've accepted up to EUR10.25 billion in investments and that a further EUR250 million was in the works to be accepted.
Dunedin successfully raised GBP50 million more from their original target of GBP250 million for its latest buyout fund.
A PricewaterhouseCoopers report revealed that venture capitalist invested around US$320 million into Maryland last quarter.
