UK private equity fund of funds Capital Dynamics has agreed a deal to take control of a Silicon Valley-based counterpart in what is the second example this week of consolidation in the global buyout industry, where further deals are expected.

Capital Dynamics, which manages more than $20bn (€15bn) of funds, will take control of HRJ Capital's $2.1bn of assets under management and integrate some of the firm's staff, according to a statement released today?

Consolidation continues with Capital Dynamics deal

Jennifer Bollen

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