Capital Group PE Arm Raises $3B For Emerging Markets Fund

Law360, New York (May 10, 2012, 3:58 PM EDT) -- Capital International Private Equity Funds, a private equity affiliate of The Capital Group Cos. Inc., has closed its sixth emerging markets fund with $3 billion in capital commitments, CIPEF said Thursday.

Based in San Francisco, CIPEF said it raised the funds from more than 60 institutional investors, with a 90 percent recommitment rate from current investors in the private equity fund firm. The fund said it well outraised its target of $2.5 billion.

The fund, Capital International Private Equity Fund VI LP, has a number of...
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