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Month: August 2022

Apple Music Group co-founder, Venrock veteran Pakman raises $300m blockchain VC fund

Blockchain investor CoinFund has shrugged off the ongoing bear market in cryptocurrencies by raising $300m for its second venture capital fund. The post Apple Music Group co-founder, Venrock veteran Pakman raises $300m blockchain VC fund

Hg hauls in more than €17bn across two funds, eyes imminent flagship vehicle close – report

European private equity major Hg has reportedly breezed past its $8.5bn target for its third large-cap fundraise ahead of an imminent final close. The firm has hauled in $11bn for Saturn 3 according to PEI, which

Ex-NEA investor Yida Gao gets Andrew Yang, Bill Ackman backing for $200m blockchain fund

Former NEA investor Yida Gao has seen his new blockchain-focused venture capital firm Shima Capital reach $200m for its debut fundraise. The post Ex-NEA investor Yida Gao gets Andrew Yang, Bill Ackman backing for $200m

HR tech player HiBob hits $2.45bn valuation through new Series D round

HR tech developer HiBob has reached a $2.45bn valuation after investors including General Atlantic and Bessemer Venture Partners backed a $150m Series D round for the business. The post HR tech player HiBob hits $2.45bn

Darktrace share price soars as Thoma Bravo enters talks to take company private

UK cybersecurity business Darktrace has seen its share price soar after it emerged US buyout house Thoma Bravo has begun talks to take the company private. The post Darktrace share price soars as Thoma Bravo

Swander Pace raises new fund to provide Captek exit for its last two flagship vehicles

Seven years after buying into vitamin capsule maker Captek Softgel, Swander Pace Capital has raised a continuation fund to take over the business from its last two flagship funds. The post Swander Pace raises new

Aurelius exits Transform Hospital Group to Y1 Capital

Aurelius has sold the operating company of cosmetic surgery group Transform Hospital Group (THG) to Y1 Capital.

Ontario Teachers makes first Indian control buyout deal with Sahyadri Hospitals Group investment

The C$240bn-managing Ontario Teachers' Pension Plan has agreed to buy a majority stake in Indian private hospitals chain Sahyadri Hospitals Group from Everstone. The post Ontario Teachers makes first Indian control buyout deal with Sahyadri

Innova Capital preps for Fund 7 deployment with promotion of long-serving exec to partner

Hot on the heels of a €220m first close for its seventh flagship fundraise, Innova Capital has revealed the promotion of long-serving exec Michał Wojdyła to partner. The post Innova Capital preps for Fund 7

HIG Europe's lower mid-cap strategy eyes succession and carve-out opportunities

HIG Europe’s lower middle-market strategy is taking advantage of its wide-ranging remit to invest in opportunities bought about by the Covid-19 pandemic, a source familiar with the fund said.

Vast majority of institutional investors braced for prolonged recession amid lack of faith in govt inflation fight

More than 90% of instutional investors are bracing themselves for a prolonged recession amid sinking optimism the US government's ability to successfully fight inflation without hamstringing the economy, new research shows. The post Vast majority

Golding Capital holds EUR 65m first close for debut impact fund

Munich-headquartered Golding Capital has held a first close for Golding Impact 2021 on EUR 65m; the GP expects to hold a final close for the fund-of-funds in 2023 on EUR 300m.

Drop Boxes for Unwanted Babies: ‘Cruel’ and ‘Traumatizing’

Readers criticize efforts to expand safe haven laws after the Dobbs decision. Also: Banish “retirement”; private equity; public service.

KKR Completes Acquisition of Barracuda from Thoma Bravo

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Barracuda Networks, Inc. (“Barracuda” or the “Company”) a leading provider of cloud-first security solutions, today announced that KKR’s investment funds have completed

GRO Capital acquires majority stake in Netigate

GRO Capital is set to become a majority investor in Stockholm-headquartered customer and employee feedback platform Netigate, with the aim of accelerating its international growth and the development of its product.

Fresh from Wafra buying a stake in the firm, Thompson Street has raised over $1.5bn for Fund VI

Thompson Street Capital Partners has closed its biggest fund yet, hot on the heels of fellow private equity investor Wafra acquiring a minority stake in the firm. The post Fresh from Wafra buying a stake

New Mountain Capital to pay up to $2.45bn to carve out PerkinElmer unit

New Mountain Capital has agreed to pay up to $2.45bn to carve out the applied, food and enterprise services businesses of scientific research solutions major PerkinElmer. The post New Mountain Capital to pay up to

Veteran energy industry pair join Tailwater Capital as heads of investor relations, comms

Energy and growth infrastructure-focused private equity house Tailwater Capital has made a pair of industry veterans to lead its investor relations and comms functions. The post Veteran energy industry pair join Tailwater Capital as heads

Newly-created NY Life Insurance investing arm Apogem kicks things off with $614m secondary fund close

Recently created New York Life Insurance Company subsidiary Apogem Capital has beaten its target for a new secondaries fundraise by hauling in $614m for a final close. The post Newly-created NY Life Insurance investing arm

OTPP veteran Cenanovic moves to PSG to lead Canadian dealmaking push

Canadian pension giant OTPP's head of TMT, financial services and healthcare investing Bogdan Cenanovic has moved to growth equity house PSG as a managing director. The post OTPP veteran Cenanovic moves to PSG to lead

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