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Month: August 2020

CalPERS CIO Resigns

Opalesque Industry Update - CalPERS announced that Chief Investment Officer Yu (Ben) Meng is resigning, effective August 5. Dan Bienvenue, deputy chief investment officer, will serve as interim chief investment officer. CalPERS will start an

Avedon Capital strikes €500m in Fund IV raise, sets sights on hard cap

Dutch private equity house Avedon Capital Partners has picked up at least €500m for its latest buyout fundraise, well above the total raised for its predecessor vehicle.

CapMan announces second growth fund; invests in DSP Neural

Finnish investment firm CapMan has announced its second growth fund, CapMan Growth Fund II, held a first close on €74m in July and is targeting €85m.

ECI-backed Arkessa acquires Sim Services

ECI Partners portfolio company Arkessa has acquired connectivity business Sim Services.

Axon launches €150m fourth innovation growth fund

Spanish private equity firm Axon Partners has launched a new vehicle with a €150m target, Fondo Axon Innovation Growth IV (AIG4).

DBAG reports NAV increase in Q2 2020

Deutsche Beteiligungs AG (DBAG) has published its latest quarterly results, reporting a €46.1m increase in portfolio NAV in the three months to 30 June 2020, compared with the previous quarter.

CapMan to reorganise service business

Finnish private equity firm CapMan will disband its fund advisory and wealth management arms in a bid to reorganise its service business.

Aberdeen Standard hires from Cinven for European co-investment team

Chris Robinson joins as a senior investment director

Versant Ventures invests $30m in Matterhorn Biosciences

Versant Ventures has invested $30m in Switzerland-based Matterhorn Biosciences to launch the company and assist with the development of its T-cell therapy technology for cancer treatment.

Foresight-backed Envair acquires TCS for £2m

Foresight portfolio company Envair Technology has acquired Total Containment Solutions (TCS) in a deal worth £2m.

Cathay, BPI-backed AD Education bolts on Ces

French group AD Education, a company backed by Cathay Capital and BPI France, has wholly acquired Spanish school Escuela Superior de Imagen Sonido y Tecnología (Ces), Unquote understands.

Heal Capital, EBRD in $10.25m series-A for Infermedica

Heal Capital and the European Bank for Reconstruction and Development (EBRD) have led a $10.25m series-A funding round for Infermedica, a Poland-based digital health company specialising in AI-powered solutions for preliminary diagnosis and patient triage.

Can a slew of pandemic-focused private debt fundraises slow the sector’s fundraising decline?

Private debt fundraising is on pace for its slowest year in half a decade - but will a surge of newly-launched opportunistic vehicles hoping to profit from the coronavirus crisis turn those numbers around?

Aberdeen Standard hires Cinven’s Robinson

Aberdeen Standard Investments has hired Chris Robinson to its European private equity team.

CalPERS reveals surprise resignation of CIO Meng, begins hunt for replacement

Pension giant CalPERS has revealed the surprise resignation of CIO Yu Meng after just 18 months in the role.

Verizon Ventures, PME Investimentos in €4m round for PicAdvanced

PME Investimentos has invested in a €4m series-A round for Portuguese company PicAdvanced, a manufacturer of optical transceivers.

Nordic Alpha Partners et al. in $14m round for DyeMansion

Nordic Alpha Partners has backed a $14m series-B round for Germany-based 3D printing company DyeMansion, alongside the company's existing investors UVC Partners, BtoV Partners, KGAL and AM Ventures.

Versant and RA lead €66m round for T-knife

Versant Ventures and RA Capital Management have led a €66m series-A funding round for T-knife, an adoptive T-cell therapy developer based in Germany.

Novacap buys into online motorcycle powersports equipment, clothing seller FortNine

Canadian private equity house Novacap has bought a stake in motorbike, ATV and snowmobile online gear, parts and accessories seller platform FortNine.

Ex-Cinven exec Robinson boosts Aberdeen Standard Investments’ European private equity team

Global investment giant Aberdeen Standard Investments has boosted its private equity capabilities by bringing in former Cinven exec Chris Robinson for its European operation.

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