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Month: July 2020

AddVenture, Target Global in $4.5m series-B for BestDoctor

AddVenture and Target Global have led a $4.5m series-B funding round for BestDoctor, a Russian digital company providing medical insurance.

Bankrupt US dairy business Borden bought by KKR, Capitol Peak, as ACON Investments exits

Bankrupt US dairy company Borden has been bought by KKR and Capitol Peak Partners in a $340m asset purchase.

Forerunner Ventures raises $500m for new fund launched at height of Covid-19 crisis

Consumer-focused early-stage investment house Forerunner Ventures has pulled in $500m for its latest fundraise in a rapid fundraise launched and completed amid the coronavirus crisis.

Hippo joins unicorn club as VC backing gives company $1.5bn valuation

InsurTech business Hippo has cemented its place in the coveted unicorn club by raising a $150m round at a $1.5bn valuation.

One Equity Partners completes Spartronics carveout

One Equity Partners has completed a buyout of engineering business Spartronics from Sparton Corporation.

JF Lehman soars to $1.35bn hard cap close for fifth flagship private equity fundraise

US buyout house JF Lehman & Company has soared to a $1.35bn hard cap final close for its fifth flagship private equity fund, well above its $1bn target.

Eurazeo-backed student tour company files for bankruptcy over Covid-19 disruption

The chapter 11 filing by WorldStrides underscores the pandemic’s damage to companies in the travel industry

One Peak eyes Covid destabilisation opportunity with €443m hard cap Fund II close

European tech investor One Peak has closed its new fund on an increased hard cap of €443m amid strong demand from LPs.

London’s finance sector under scrutiny over Russia report

The UK’s National Crime Agency estimates over £100bn in illicit funds impacts the economy each year

The Riverside Company backs commercial real estate brokerage software business Buildout

Lower mid-market-focused private equity house The Riverside Company has backed Buildout, a Chicago company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages.

Virtual Briefing: ESG and rebalancing through secondaries

Palico's Clair Woolston Commons, Cambridge Associates' Chris Varco, Unigestion's Paul Newsome and Unquote's Denise Ko Genovese discuss whether the current crisis will lead to an ESG rethink.

Hedge funds see May outflows of $8bn

Opalesque Industry Update - Hedge fund redemptions continued to decline from their COVID-19 pandemic-fueled peak of $85.6 billion in March. Net redemptions in May were $8.0 billion, 0.3% of industry assets, according to the Barclay

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