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Month: November 2022

Texas Teachers commits to Clearlake buyout fund among latest alternatives investments

The $184bn-managing Teacher Retirement System of Texas has picked Clearlake Capital among a pair of new fund investments. The post Texas Teachers commits to Clearlake buyout fund among latest alternatives investments first appeared on AltAssets

Brookfield blasts past $23bn for first closes of flagship infra fund, new infra debt vehicle

Brookfield Asset Management has raised more than $23bn across its latest flagship infrastructure fund and its third infra debt vehicle. The post Brookfield blasts past $23bn for first closes of flagship infra fund, new infra

The Bolt-Ons Digest – 11 November 2022

The Bolt-ons Digest is a compilation done by Unquote with the main add-on deals announced by PE-backed companies in Europe over the last few days.

Genstar Capital buys into GTCR’s Jet Support Services

Genstar Capital has bought into GTCR-backed Jet Support Services, a provider of aircraft maintenance support and financial tools for the business aviation industry. The post Genstar Capital buys into GTCR’s Jet Support Services first appeared

Brighton Park Capital seals rapid fundraising return with $1.8bn Fund II close

Software, healthcare and tech-enabled services-focused investor Brighton Park Capital has hit a hefty $1.8bn final close for its sophomore fundraise. The post Brighton Park Capital seals rapid fundraising return with $1.8bn Fund II close first

3i plans over GBP1bn in exits with ‘better’ 2023 in sight

3i is predicting a good exit window for its portfolio companies next year with hopes that the current volatile economic environment will subside, CEO Simon Borrows said during the UK-listed sponsor’s half-year financial results update

Ardian closes new credit fund on EUR 5bn amid “ongoing bank retrenchment”

France-headquartered private asset manager Ardian has held a final close for its European mid-market focused Ardian Private Credit Fund V on EUR 5bn, surpassing its EUR 4bn target.

Veteran Sofinnova Partners COO Saulnier to retire after 40 years with firm

European life sciences investment major Sofinnova Partners is losing 40-year veteran and managing partner Monique Saulnier. The post Veteran Sofinnova Partners COO Saulnier to retire after 40 years with firm first appeared on AltAssets Private Equity

DBAG exits Cloudflight in sale to Partners; reaps over 4x money

Partners Group has agreed to acquire a controlling stake in Germany-based Cloudflight, a digital-transformation services provider, from Deutsche Beteiligungs (DBAG), valuing the company at just under EUR 400m.

Gender diversity in alternative assets has soared – but racial and ethnic representation is lagging

Major hiring initiatives have helped boost the ratio of men to women working in alternative assets - but progress for racial and ethnic diversity is failing to keep pace, new research shows. The post Gender

Newion eyes EUR 140m for new B2B software fund

Dutch VC firm Newion is set to hold a final close on EUR 140m for its fourth fund at the end of this year, co-founder and managing partner Patrick Pollack told Unquote.

Jewson carve-out sees Apollo, CVC, HIG, TDR in round two

Saint-Gobain’s sale of Jewson, its UK supplier of timber and building materials, have seen a series of large-cap sponsor advance to the second round of bids. Apollo, CVC, HIG and TDR are among those in

South African PE major Ethos spins out mid-market arm to form Infinite Partners

The mid-market team at South African private equity major Ethos is spinning out to form a new firm called Infinite Partners. The post South African PE major Ethos spins out mid-market arm to form Infinite

Ardian reinvests in Neopharmed alongside NB Renaissance

Ardian has reinvested in Italian pharmaceutical company Neopharmed in a deal that sees it hold a joint majority stake with NB Renaissance.

Ambienta buys sustainable kids wear brand Lässig in SBO

Ambienta has acquired a majority stake in Germany-based Lässig, a private equity-backed sustainable baby and kids products company.

Ardian soars to €5bn for latest private credit raise, 70% above generation from 2020

Global investment giant Ardian has raised €5bn for its fifth generation private credit platform, a huge increase compared to its previous generation. The post Ardian soars to €5bn for latest private credit raise, 70% above

HighBrook eyes compelling European RE market with target-beating Fund IV

Transatlantic real estate backer HighBrook Investors has beaten its target for its latest value and special situations fund through a $632m final close. The post HighBrook eyes compelling European RE market with target-beating Fund IV

Leonard Green brings in TSG, Oak Hill as investors in 2019 acquisition Wrench Group

TSG Consumer Partners and Oak Hill Capital have teamed up to make a minority investment in Leonard Green-backed The Wrench Group, a provider of residential HVAC, plumbing and electrical services. The post Leonard Green brings

Ardian reinvests in Italian pharma business Neopharmed, NB Renaissance joins as investor

Global investment giant Ardian has reinvested in Italian pharmaceutical commercialisation business Neopharmed. The post Ardian reinvests in Italian pharma business Neopharmed, NB Renaissance joins as investor first appeared on AltAssets Private Equity News.

Francisco Partners picks premium PC peripheral provider Glorious Gaming as latest investment

Tech-focused private equity giant Francisco Partners has bought into high-performance PC gaming peripherals business Glorious Gaming. Glorious, which was founded in 2014, provides premium mice, custom mechanical keyboards, mouse pads and other accessories. Never miss a story!

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