Endicott Growth Equity Partners names Seidman as its new principal

New York-based private equity firm Endicott Growth Equity Partners (EGEP) has named Dan Seideman as a new principal.

Apollo Global Management investor faces backlash over Jeffrey Epstein ties

From: FinTech Global An investor who’ve previously backed FinTech companies is facing a revolt due to his ties with convicted sex offender Jeffrey Epstein. Leon Black is the chairman, CEO and founder of Apollo Global

Brightstar Capital Partners acquires 75% stake in technology developer Brightstar

Brightstar Capital Partners (BCP) has completed the acquisition of a majority stake in Brightstar, which builds end-to-end device lifecycle management solutions.

The Carlyle Group acquires majority stake in Calastone

Private equity giant The Carlyle Group has acquired a majority stake in global funds network Calastone from Octopus Ventures and Accel.

Lorax Capital Partners pulls in $142m for its sophomore fund

Lorax Capital Partners has pulled in $142m for its sophomore fund and has named Apex Group to supply administration and corporate services.

UCITS and AIFs continue to record net inflows in August

Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for August 2020.

UK pension funds to boost renewables, survey finds

The survey found that nearly 70% of pension funds plan to increase their allocations to renewables over the next five years

Private equity investor Centerbridge Partners backs Syncapay’s acquisition of Wirecard North America

From: FinTech Global Syncapay has announced that it has bought Wirecard North America, marking another page in the story of the collapse of the scandal-ridden former FinTech giant. Wirecard imploded this summer after a suspected

Lone Star agrees £630m deal to buy UK’s McCarthy & Stone

The American private equity firm is expected to back the strategy of Britain’s biggest retirement housebuilder to build more homes for rent

Countrywide shareholder Catalist Partners to oppose £90m lifeline from Alchemy

UK-based estate agent chain Countrywide has been thrown a possible £90m lifeline from private equity firm Alchemy to get it out of its “critical” situation, but shareholder Catalist Partners aims to oppose the deal. Countrywide

Evolution Technology Fund II eyes $250m final close

Evolution Equity Partners is expected to achieve a $250m final close in the coming months for its Evolution Technology Fund II, according to British Patient Capital.

Lone Star makes bid to acquire McCarthy & Stone in £630m deal

US private equity firm Lone Star has reportedly made an offer to buy UK retirement house builder McCarthy & Stone in possible £630m deal. The deal would see the American company pay 115p per share

BGF appoints Dornan in central Scotland and Northern Ireland team

BGF has appointed Fiona Dornan as an investor in the central Scotland and Northern Ireland team.

British Patient Capital commits to adding $35m to Evolution Equity Partners’ new $250m cybersecurity fund

From: RegTech Analyst British Patient Capital has committed to adding $35m The Evolution Technology Fund II, which is aiming for a final $250m close to support cybersecurity and enterprise software startups. The fund is the

Vista Equity Partners makes investment into software developer SmartBear to become joint owners with Francisco Partners

Technology-focused private equity firm Vista Equity Partners has made a “significant” investment into software developer SmartBear.

Arctic Wolf joins the unicorn club after closing $200m Series E

Security operations developer Arctic Wolf has joined the unicorn club after a $200m Series E puts its valuation at $1.3bn.

Capital Square 1031 earns investors a 253.31% total return on equity after portfolio sale

Capital Square 1031 has earned its investors a 253.31% total return on equity or a 28.81% annualised return through the sale of Candleglow Apartments.

Pension giant freezes Apollo commitments as firm launches review of CEO Black’s ties to Epstein

US pension giant PSERS has put a freeze on new commitments to private equity major Apollo Global Management following the revelation that founder and CEO Leon Black wired up to $75m in payments to convicted

TPG, Thoma Bravo-backed McAfee hits $8.6bn valuation in return to public market

Private equity-backed cybersecurity major McAfee has hit an $8.6bn valuation through its return to the public market through an IPO.

SVB Capital eyes up to $250m for fifth early-stage investment fund

Venture capital investor SVB Capital is looking to raise up to $250m for its fifth early-stage investment fund.

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