Advent Leads $150M Series C in Tekion at $1B+ Valuation, Funding Disruption in Automotive Retail
Laxman Pai, Opalesque Asia: Chinese venture capital and private equity fund manager Legend Capital (LC) has closed its eighth fund - LC Fund VIII - at a hard cap of $500 million. LC Fund VIII
Venture-focused fund-of-funds Isomer Capital II is currently targeting €250m.
True Ventures has closed its seventh early-stage fund True Core Fund VII on $465m and its fourth later-stage fund True Select Fund IV on $375m.
Indian venture capital firm SAIF Partners has rebranded to Elevation Capital amid the $400m final close of its biggest India fund yet.
The firm is launching a joint venture with real assets investor Cerestra Advisors to create a listed education infrastructure investment trust in the country
Iberian private equity house Sherpa Capital has followed the €120m final close of its fourth fund by bringing in Isaac Lahuerta as an investment director in its special situations team.
Indian asset manager Edelweiss has hit a roughly $900m final close for its latest alternative credit fund targeting the country.
Eureka Equity Partners has raised more than $200m for the final close of its fourth flagship investment fund, six years after closing its predecessor vehicle.
New York-based VC investor IA Capital has led a $24m investment round for digital insurance agency Matic.
Digital mortgage solution Snapdocs has closed its Series C round on $60m to continue a strong period of growth.
Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a $15m venture capital-led funding round.
Payment processing platform Fivestars has reportedly raised $52.5m in its Series D round of debt and equity.
Lower mid-market private equity house LLR Partners has hauled in $1.8bn for its sixth flagship fundraise, 50% more than it collected for Fund V just two years ago.
