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Month: September 2022

BayPine closes inaugural PE fund on $2.2bn

Private investment firm BayPine has closed its inaugural private equity fund on $2.2bn. The post BayPine closes inaugural PE fund on $2.2bn first appeared on AltAssets Private Equity News.

Norway’s KLP said to have committed $199m to Quinbrook’s Net Zero Power Fund

Norwegian pension fund Kommunal Landspensjonskasse has committed 2 billion Norwegian kroner ($199 million) to Quinbrook Infrastructure Partners III - Net Zero Power Fund, Pension & Investments reported quoting an email from spokesman Glenn Slydal Johansen.

Investindustrial aims for EUR 1bn close with third lower-mid cap fund

Investindustrial is expected to close its third lower mid-market fund in the coming months at its target of EUR 1bn, a source familiar with the fundraising process told Unquote.

Ardian beats hard cap to close AAIF V on $2.1bn, more than 2.5x of predecessor

Secondaries giant Ardian has beat the hard cap to close its latest Americas Infrastructure Fund on $2.1bn, more than 2.5x of predecessor The post Ardian beats hard cap to close AAIF V on $2.1bn, more

Sequoia-backed MetaWeb Ventures launches first fund to target crypto start-ups

MetaWeb Ventures has launched its first fund to focus on pre-seed and seed investments in crypto start-ups. The post Sequoia-backed MetaWeb Ventures launches first fund to target crypto start-ups first appeared on AltAssets Private Equity

Duke Street to reap 2.5x-plus money in Medi-Globe sale to trade

Duke Street has agreed to sell German medical services developer Medi-Globe Technologies to DCC Healthcare, a healthcare business subsidiary of DCC plc, for EUR 245m.

In a Shifting Economy, a Golf Developer Keeps Asking What Buyers Want

While navigating the industry’s ups and downs, Chris Randolph of South Street Partners says his firm has learned that “you can’t rinse and repeat.”

Trill Impact heads for first close of VC fund at year-end

Sweden-headquartered Trill Impact is on the road for its debut venture fund, according to a source close to the situation; the vehicle has a EUR 300m target and is expected to hold a first close

Duke Street agrees £213m deal to exit German medical tech business Medi-Globe to DCC

London-based PE firm Duke Street has agreed to sell German medical tech business Medi-Globe Technologies to FTSE 100 listed DCC for £213m. The post Duke Street agrees £213m deal to exit German medical tech business

LLCP brought in second investment management group director in two months

Levine Leichtman Capital Partners has brought in William Trevelyan Thomas as director in the firm's investment management group, making it the third senior hire in three months. The post LLCP brought in second investment management

Verdane hires Helena Svancar from Ericsson as partner in the investment team

European PE firm Verdane has hired Helena Svancar from Ericsson as partner in the investment team. The post Verdane hires Helena Svancar from Ericsson as partner in the investment team first appeared on AltAssets Private

Kim Kardashian partners with ex-Carlyle partner Jay Sammons to launch new PE firm

Reality television star and entrepreneur Kim Kardashian has teamed up with ex-Carlyle global head of consumer, media and retail Jay Sammons to set up new private equity firm SKKY Partners. The post Kim Kardashian partners

Hamilton Lane closes biggest ever fund in the strategic opportunities series just one year after predecessor

Hamilton Lane has closed its largest ever fund in the strategic opportunities series on $953m in commitments, just a year after closing its predecessor on $900m. The post Hamilton Lane closes biggest ever fund in

Mayfair gears up for third flagship fund

UK-based sponsor Mayfair Equity has made a Companies House filing for its third fund, Mayfair Equity Partners III.

Capricorn Partners seeks EUR 25m for industrial biotech VC fund

Belgian VC investor Capricorn Partners is open to more investor approaches for its new industrial biotech fund as it aims for a final close on EUR 25m by the end of next year, partner Rob

Cinven's Partner in Pet Food tipped as exit candidate for 2023

Partner in Pet Food (PPF), a Hungary-based pet food manufacturer owned by Cinven, could come up for sale next year, two sources familiar with the situation said.

DC Advisory launches GP Secondaries practice with hire from Elm Capital

DC Advisory has hired Michael Wieczorek from Elm Capital, launching its GP Secondaries for its core private equity clients and expanding on its existing transaction and debt advisory services.

British Private Equity Awards: vote for the winners

The shortlist for this year's Unquote British Private Equity Awards has been announced – pick your winners before 14 September at 5pm.

CapMan aims to double AUM to EUR 10bn by 2026 including via M&A

Finnish private equity firm CapMan has announced new strategy and updated long-term financial objectives including a growth target to double assets under management to EUR 10bn over the next five years.

Eagletree taps $1.1bn Fund V for MacKenzie-Childs buyout

Eagletree Capital has tapped its $1.1bn Fund V to buy into American home decor brand MacKenzie-Childs from Castanea Partners. The post Eagletree taps $1.1bn Fund V for MacKenzie-Childs buyout first appeared on AltAssets Private Equity News.

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