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Category: Coronavirus

Vitruvian Partners races to $4bn hard cap close for new fund raised entirely during lockdown

Vitruvian Partners has wrapped up a rapid $4bn raise for its fourth flagship fund, taking less than three months to hit its hard cap.

Veteran private equity pair join Triago as firm looks to boost offering to LPs, GPs amid Covid-19

Private equity industry veterans Andrew Rosato and Simeon Ketchum have been hired by fund advisory specialist Triago as it looks to deepen its services amid the impact of Covid-19 on LPs and GPs.

‘Resilient’ financial services focus led to hard cap debut Preservation Capital Partners fund close, firm says

Preservation Capital Partners, a specialist investor in the asset-light financial services sector, has hit a £309m ($400m) hard cap close for its debut fundraise.

Europe’s VC firms defy Covid-19 woes with deal surge – with one region even on track to beat record 2019 total

Europe's venture capital industry has staged a remarkable fightback against the coronavirus-induced market slump by posting one of the largest dealmaking totals on record in Q2.

Adams Street Partners said to near $1.1bn mark for new private credit fundraise

Adams Street Capital Partners has reportedly pulled in almost $1.1bn for an interim close of its new private credit fundraise.

THL Partners seals quick Juvare exit to Rothschild private equity arm, two years after Intermedix spin-out

Rothschild's private equity arm Five Arrows has picked up critical incident preparedness and response software company Juvare from Thomas H Lee Partners.

Antin hits €6.5bn hard cap close for new infra fund as LPs flock to asset class

Antin Infrastructure Partners has surged to a €6.5bn hard cap final close for its fourth flagship fundraise, underlining the extent to which LPs are flocking to more stable asset classes amid the coronavirus outbreak.

Argentum turns Mediant equity into debt amid ‘unprecedent demand’ for company’s platform amid Covid

FinTech Mediant’s investors have injected a further $18.5m into the company to fuel the next stage of its strategic growth.

Spain’s Azora bets on European hotel recovery post-Covid, raises €680m for new fund

Spanish private equity real estate investor Azora has beating its €600m target in a new fundraise focused on leisure hotels in Europe.

Covid testing, microbiology and viral lab specialist ALG sold by Thompson Street Capital Partners

Thompson Street Capital Partners has completed the sale of Analytical Lab Group, an industry-leading microbiology and viral lab, to trade buyer Element Materials Technology.

Private equity returns surge as coronavirus causes ‘sugar rush’ of demand in some sectors – PwC

US private equity return multiples have surged this year after the global coronavirus pandemic caused a 'sugar rush' of sudden demand in certain sectors, new research shows.

Nuveen launches new impact investment fund eyeing income inequality, climate change-battling deals

The $1tn-managing investment house Nuveen has pulled in its first capital for a new private equity fund targeting income inequality and climate change.

Silver Lake continues coronavirus spending spree with deal for Goldman-backed Groupe Meilleurtaux

Silver Lake has continued its busy dealmaking streak amid the coronavirus outbreak by agreeing a deal for French financial services provider Groupe Meilleurtaux.

Schroders races towards €500m target for fund eyeing coronavirus-hit hotel sector

Schroders fundraising amid the coronavirus is continuing apace following it pulling in €425m so far for its debut hotel-focused investment vehicle.

Private equity showing signs of coronavirus recovery – but industry has a long way to go

Private equity investing is showing signs of recovery after being hammered by the coronavirus crisis - but has some way to go to recover to its recent highs, new research shows.

Forerunner Ventures raises $500m for new fund launched at height of Covid-19 crisis

Consumer-focused early-stage investment house Forerunner Ventures has pulled in $500m for its latest fundraise in a rapid fundraise launched and completed amid the coronavirus crisis.

UK’s Zizzi, Ask Italian owner preps to cut 1,200 jobs as Towerbrook invests for company’s Covid recovery

Struggling UK restaurant operator Azzuri Group has been bought by Towerbrook Capital Partners amid the company revealing it could slash up to 1,200 jobs as it battles to overcome the Covid-19 crisis.

CalSTRS sees private equity returns go negative as Covid weighs heavily on investments

The $246bn-managing California State Teachers’ Retirement System has struggled to a 3.9% net return for the financial year as Covid-19 amid a huge slump in its private equity performance.

Bridgepoint said to eye stake buy in English football’s Women’s Super League

UK private equity house Bridgepoint has been linked with a large stake purchase of English football's Women's Super League.

Schroders seals €312m sub-investment grade infra debt fund close, cites asset class strength amid Covid

Asset management major Schroders has hit a €312m first close for its new fund targeting sub-investment grade infrastructure debt.

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