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Category: Fintech and Finance

Invictus Growth Partners picks up over $320m in debut fundraise

Invictus Growth Partners has raised more than $320m for the final close of its debut fund, which will target enterprise cloud software, cybersecurity and fintech companies. The post Invictus Growth Partners picks up over $320m

Genstar buys into Brightstar-backed tech insurance, repair, replace specialist Likewize

Private equity major Genstar Capital has agreed to buy tech insurance, repair and replacement specialist Likewize. The post Genstar buys into Brightstar-backed tech insurance, repair, replace specialist Likewize first appeared on AltAssets Private Equity News.

Fed Frets About Shadow Banks and Eyes Treasury Liquidity in New Report

The Federal Reserve is watching the government bond market and investment funds as rate increases ricochet through finance.

GP Profile: Equistone banks on experience to ride through the next cycle

European mid-market sponsor Equistone is banking on the multi-cycle experience of its team to carry the firm and its portfolio through the next storm as it looks towards future fundraising and portfolio development, UK-based partner

Warburg Pincus invests $350m to launch InsurTech Oona

Global private equity investor Warburg Pincus has committed $350m to set up Southeast Asian digital insurance platform Oona. The post Warburg Pincus invests $350m to launch InsurTech Oona first appeared on AltAssets Private Equity News.

Longshore Capital Partners acquires Southwest Adjusters

Longshore Capital Partners, a mid-market private equity firm, has completed the acquisition of independent insurance adjustment agency Southwest Adjusters. The post Longshore Capital Partners acquires Southwest Adjusters first appeared on AltAssets Private Equity News.

AI-powered debt collection fintech PAIR Finance gets Pollen Street Capital backing

UK investment house Pollen Street Capital has bought a majority stake in PAIR Finance, an AI-based digital debt collection platform. The post AI-powered debt collection fintech PAIR Finance gets Pollen Street Capital backing first appeared

MassMutual triples funding for first-time fund managers in expanded First Fund initiative

Massachusetts Mutual Life Insurance Company will dedicate an extra $100m to backing first-time fund managers, double its previous commitment from its First Fund initiative. The post MassMutual triples funding for first-time fund managers in expanded

Palatine exits Acora at 3x-plus money in sale to LDC

Palatine Private Equity has offloaded its minority interest in Acora to LDC, the private capital arm of Lloyds Banking Group, less than three years into its investment in the UK IT managed services provider.

PE, VC execs banking on African tech boom over next three years

Private equity and venture capital execs are banking on an African tech boom over the next few years amid the rapid expansion of the continent's startup ecosystem, new research shows. The post PE, VC execs

Avanta Ventures eyes next wave of insurtech startups with $225m Fund II

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has hit a $225m final close for its second early-stage investment fund. The post Avanta Ventures eyes next wave of insurtech startups with $225m Fund

Adelis to sell Säkra in SBO to Cinven

Adelis Equity Partners has agreed to sell its majority stake in Säkra, a Stockholm-based pension and insurance broker, to international private equity firm Cinven.

Cinven taps new financial services fund for Swedish insurance brokerage Säkra

European buyout major Cinven has agreed a buyout of Swedish insurance brokerage Säkra, one of the country's largest insurance intermediaries. The post Cinven taps new financial services fund for Swedish insurance brokerage Säkra first appeared

Veteran data center business which shifted to fintech gets $1.6bn Centerbridge, Bridgeport buyout

Fintech and regtech specialist Computer Services is set to be bought by Centerbridge Partners and Bridgeport Partners in a $1.6bn deal. The post Veteran data center business which shifted to fintech gets $1.6bn Centerbridge, Bridgeport

Newly-created NY Life Insurance investing arm Apogem kicks things off with $614m secondary fund close

Recently created New York Life Insurance Company subsidiary Apogem Capital has beaten its target for a new secondaries fundraise by hauling in $614m for a final close. The post Newly-created NY Life Insurance investing arm

Partners Group buys FRP from WP for the growing American insurance brokerage market

Global buyout major Partners Group has agreed to acquire specialist insurance broker Foundation Risk Partners from Warburg Pincus. The post Partners Group buys FRP from WP for the growing American insurance brokerage market first appeared on AltAssets

Permira brings in Koen Köppen from digital payment providers Mollie, Klarna as senior advisor for software, fintech

Global buyout major Permira has hired Koen Köppen from digital payment service provider Mollie as senior adviser to its global technology team, focusing on software and fintech. The post Permira brings in Koen Köppen from digital

KKR Forms Strategic Alliance with Loop Capital to Offer Equity Research and Distribution Capabilities

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Loop Capital Markets (“Loop Capital”), a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital

Sidekick spinoffs: Insurtech scale-ups attract PE interest

Insurtechs have long been overlooked by investors as fintechs’ smaller and less-attractive sidekicks. But now, as private equity firms search for rising stars, it seems some scaleups are finally getting to star in their own

OTPP to exit funeral service provider Mémora for €600m

The board of Ontario Teachers’ Pension Plan has agreed to exit funeral services company Mémora Group to Spanish insurance company Grupo Catalana Occidente for a €600m enterprise value. The post OTPP to exit funeral service provider

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