US, Asia-based DCM raises $880m fund pair thanks to stellar past performance

US and Asia-based early stage investor DCM Ventures has closed its biggest family of funds to date by hauling in $880m across a pair of new vehicles. The committed capital includes $780m for DCM IX, its

Female entrepreneur-focused Rethink Impact closes $182m Fund II, says Covid-19 has hit diversity efforts in VC

Rethink Impact, one of the largest impact venture firm dedicated to backing female tech entrepreneurs, has hit a $182m final close for its sophomore fundraise.

Blackstone hits $4.6bn hard cap for biggest-ever PE fund dedicated to life science deals

Blackstone has raised $4.6bn for the biggest-ever private equity fund dedicated to life sciences investments, hitting its hard cap for the vehicle.

Satori Capital buys into hedge fund manager Mountain Cove Capital Management

Satori Capital, a Texas-based private equity house it says is founded on the principles of "conscious capitalism", has agreed to back investment firm Mountain Cove Capital Management.

Beauty industry veteran Pamela Baxter named as MidOcean operating partner

Private equity and credit investment house MidOcean Partners has brought in veteran beauty industry executive Pamela Baxter as an operating partner and executive board member.

A green troika for Europe

Conditionality has become a central area of contention as the EU shapes its coronavirus recovery plan. The bloc should focus on the environment, not on fiscal responsibility.

Bertrand de Mazières, EIB: ‘all of us have to do more in times of crisis’

Bertrand de Mazières is one of the best known and most respected figures in European debt capital markets. As director general of finance at the European Investment Bank (EIB), he oversees one of Europe’s most

Markets look for EU to take the lead on green recovery

Momentum is growing for the economic recovery from the coronavirus pandemic to have a strong green thrust, as the UK’s mini-Budget and comments by European Central Bank president Christine Lagarde made clear this week. Capital

Growers Edge harvests $40m Series B round from group of VC firms

Growers Edge Financial has raked in $40m for its Series B round to help it to grow into new markets in the US.

Fintech AI client retention platform Senso gets $3m VC-led investment round

Senso, an AI platform helping financial institutions improve client retention, has reportedly bagged $3m in its pre-Series A round.

KKR Partners Up with Danaher Executive

KKR has partnered with William “Dan” Daniel to seek and acquire industrial business headquartered in the United States. Mr. Daniel was the executive vice president of Danaher from 2008 through March 2020. Danaher designs, manufactures

Succession Plan Initiated at Levine Leichtman

Levine Leichtman Capital Partners (LLCP) has announced a management succession plan that names Matthew Frankel and Michael Weinberg as managing partners. LLCP was founded in 1984 and its co-founders – Arthur Levine and Lauren Leichtman

AMB :- Private equity activity declines significantly in Q2 2020, dry powder climbs towards $1.5tn

Laxman Pai, Opalesque Asia: The COVID-19 pandemic had relatively little effect on Q1 activity, not impacting European or North American countries until the end of the quarter, said Preqin. However, the slowdown was very...Article Link

Conditionality battle heats up for EU recovery fund

A European Union recovery fund proposal is expected to be presented to a summit of European leaders on July 17-18. Its size is to remain unchanged from a proposed €500bn of grants and €250bn of

HY investors take on tougher credits

High yield bond issuance is coming thick and fast in Europe, with primary supply not limited to straightforward Covid-proof credits, but also coming from highly levered firms feeling the pinch of the pandemic restrictions.

How private equity firms could’ve been supported by tax money aimed at helping SMEs through Covid-19

Private equity firms with stakes in the US healthcare industry could have managed to tap into federal bailout money designed to give small businesses a lifeline through the pandemic. A new data dump of data

Investor group calls for better covenant transparency after TKE victory

The European Leveraged Finance Association has called for better transparency in high yield covenant packages, arguing that clarity is crucial for pricing risk. The call comes soon after one of the largest covenant climb-downs in

FCA boss opens for dialogue with fund management industry

The interim chief executive at the Financial Conduct Association wants to start a dialogue about how to protect the investment fund management industry in the coronavirus aftermath. Christopher Woolard spoke during a webinar hosted by

Luxembourg slices 6bp from spread in sustainability debut

The Grand Duchy of Luxembourg launched Europe’s first sovereign sustainability bond to big demand on Monday morning, allowing the sovereign to bring the spread in by 6bp during pricing.

CPP Investments appoints former French railway company CEO as senior adviser

The groups investment portfolio in Europe makes up 15.5% of the pension plan’s total investments

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