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DFJ Growth closes $1bn growth fund, hires Justin Kao as partner

Tech investor DFJ Growth has closed DFJ Growth IV with close to $1bn of investments. The post DFJ Growth closes $1bn growth fund, hires Justin Kao as partner first appeared on AltAssets Private Equity News.

Rothschild closes €1.4bn European direct lending fund amid surge in new fundraising capital

Rothschild & Co. has held a €1.4bn final closing for its third European direct lending fund. The raise means the firm has hauled in more than €2bn of new capital in four months, including closing

Sole Source Capital more than doubles AUM to $1bn with Fund II close

Industrial-focused private equity house Sole Source Capital has boosted its assets under management to over $1bn thanks to a $555m hard cap close for SSC Partners II. The post Sole Source Capital more than doubles

Permira exits medical device maker LSNE after European market debut

Private equity major Permira has exited medical device maker Lyophilization Services of New England (LSNE) to PCI Pharma Services. The post Permira exits medical device maker LSNE after European market debut first appeared on AltAssets

Francisco Partners holds $2.2bn hard cap final close for second opportunistic credit fund, almost 3x size of debut fund

Tech investment firm Francisco Partners has held a $2.2bn hard cap final close for its second opportunistic credit fund, beating its original $1.25bn target. It almost tripled the size of its $750m inaugural credit fund

TA Associates buys into Partners Group-backed European property manager Foncia as company eyes 1.25bn of 2021 revenue

TA Associates has joined Partners Group to back European property manager Foncia by acquiring 25% stake in the company. Partners Group remains the controlling shareholder. The post TA Associates buys into Partners Group-backed European property

Sapphire hires Ralph DeBernardo in new head of investor relations role

Venture Capital firm Sapphire has hired Ralph DeBernardo from mid-market private investment firm Peak Rock Capital in its newly created head of investor relations role. The post Sapphire hires Ralph DeBernardo in new head of

Warburg Pincus buys into Bond Vet, eyes national expansion on increased demand

Healthcare and technology investor Warburg Pincus has made a $170m investment in New York veterinary care clinics Bond Vet. The firm said the funding will be invested in equipment, training, culture and technology to improve

Succession shift at Antares Capital sees Lyne take over CEO role from fellow founder Brackett

$42.9bn-managing private debt credit manager Antares Capital Advisers has announced a succession plan for founding partner and COO Timothy Lyne to take up the role of CEO after David Brackett retires from the role on

EQT sells Adamo Telecom to Ardian Infrastructure as second exit in Spain

Global buyout major EQT has exited Spanish fiber based broadband services Adamo Telecom to Ardian Infrastructure after growing its client base by 17x. The company was EQT’s first investment in Spain and marks its second

Permira acquires reimbursement software Motus from Thoma Bravo to capitalize on flexible working trend 

UK buyout house Permira has agreed to acquire reimbursement software Motus from fellow private equity firm Thoma Bravo.  The post Permira acquires reimbursement software Motus from Thoma Bravo to capitalize on flexible working trend  first appeared on AltAssets Private Equity News.

Blackstone hires Amisha Parekh as head of private equity ESG for PE as team’s sixth senior hire this year 

Global buyout giant Blackstone has hired Amisha Parekh from Bloomberg as global head of ESG for private equity. The firm said Parekh will be a managing director within the firm’s portfolio operations group leading ESG

Secondaries giant Ardian teams with Nuveen’s Churchill AM for $1.5bn double fundraise

Churchill Asset Management has collected $1.5bn for two funds established with global private investment house Ardian. The post Secondaries giant Ardian teams with Nuveen’s Churchill AM for $1.5bn double fundraise first appeared on AltAssets Private

Blackstone to buy VFS Global from EQT at $2bn valuation, eyes global travel recovery

Private equity major EQT has agreed to sell a majority stake in visa outsourcing services provider VFS Global to fellow buyout house Blackstone at a valuation believed to be over $2bn. EQT will retain a

TPG replaces TB as Nintex’s majority stakeholder, TB reinvests to maintain significant minority interest

Global buyout major TPG Capital has made a majority investment in digital process automation business Nintex. Current majority investor Thoma Bravo, which bought into the business in 2018, said it would make a new equity

Rock Mountain Capital names Ottensoser as COO, CFO

Rock Mountain Capital, the private equity firm launched by former Carlyle dealmaking veteran David Stonehill, has named a new CFO and COO. The post Rock Mountain Capital names Ottensoser as COO, CFO first appeared on

Main Capital more than doubles AUM to €2.2bn after collecting €1.21bn for two vehicles, aims to consolidate fragmented software market in Europe

European software investor Main Capital Partners has more than doubled its AUM to €2.2bn thanks to a hefty double fundraise which took less than four months. The post Main Capital more than doubles AUM to

ArchiMed looks to replicate impressive Polyplus success with investment in DNA producer Xpress Biologics

Healthcare-focused buyout house ArchiMed has bought into Belgium-based Xpress Biologics to finance a 10x expansion of its production capacity, the firm said. The post ArchiMed looks to replicate impressive Polyplus success with investment in DNA producer

Vista’s credit arm surfs past target to close third fund on $2.3bn

Vista Credit Partners has hit a $2.3bn final close for Vista Credit Partners Fund III, beating its original $1.5bn target. The post Vista’s credit arm surfs past target to close third fund on $2.3bn first

Verdane promotes Daniel Ahlstrand to partner, makes three new hires in investment, IR teams

Northern European focused buyout house Verdane has promoted Daniel Ahlstrand, pictured, to partner and made three new hires across its investment and investor relations teams. The post Verdane promotes Daniel Ahlstrand to partner, makes three

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