Secondaries PE investor Kline Hill closes in on $1bn hard cap for Fund IV raise

Secondaries private equity specialist Kline Hill Partners is within touching distance of its $1bn maximum for its fourth fundraising series. The post Secondaries PE investor Kline Hill closes in on $1bn hard cap for Fund

Amazon’s Indian partner Samara Capital plans new tech-focused fundraise – report

Amazon's Indian partner, private equity firm Samara Capital, is planning to raise up to $500m for a new Indian-focused fund, Bloomberg reported. The post Amazon’s Indian partner Samara Capital plans new tech-focused fundraise – report

India’s IvyCap outraises Fund II three times over with INR16bn Fund III first close – and could collect up to INR25bn

Indian early-stage investor IvyCap Ventures has soared to an INR16bn ($214m) first close for its third fund - three times more than it collected for its sophomore vehicle. The post India’s IvyCap outraises Fund II

Banking Profiles
Large-cap sponsors join philanthropic fund-of-funds

Large-cap sponsors join philanthropic fund-of-funds

Some of the world’s largest private equity firms including Advent, Bain and Cinven will donate their fees and carry in a philanthropic fund-of-funds managed by Greater Share, to be dispersed among global education NGOs.

Buyout
Veteran oil, gas investor Quantum Energy continues shift to sustainable energy with new $2.25bn fund

Veteran oil, gas investor Quantum Energy continues shift to sustainable energy with new $2.25bn fund

Quantum Energy Partners is reportedly eyeing up to $2.25bn for a new fund in which a significant portion of the capital will go towards helping energy companies transition away from fossil fuels. The firm will split

Insight Partners closes biggest high-growth tech fundraise ever with $20bn of commitments

Software investor Insight Partners has closed the largest high-growth tech fundraise ever with over $20bn of commitments for Fund XII, along with a dedicated co-invest fund.  The post Insight Partners closes biggest high-growth tech fundraise

Secondaries market hits record $143bn in spectacular rebound from Covid-19 woes

The global private equity secondaries market hit a bumper $143bn in the 2021 financial year to seal a stunning recovery from the Covid-19 pandemic, new research shows. The post Secondaries market hits record $143bn in

Software and Hi-Tech
WestBridge exits bChannels to trade for 4.2x money

WestBridge exits bChannels to trade for 4.2x money

Small-cap buyout investor WestBridge has exited bChannels, a UK-based provider of marketing services for technology vendors, in a sale to The Channel Company, a US-based IT service provider backed by Eagle Tree.

Angel / Venture
Battery Ventures launches Forterro sale via Arma Partners

Battery Ventures launches Forterro sale via Arma Partners

Battery Ventures is working with Arma Partners to sell portfolio company Forterro, an enterprise resource planning (ERP) software group, three sources familiar with the situation said.

IPO
Quadriga postpones LR Health & Beauty IPO

Quadriga postpones LR Health & Beauty IPO

German LR Health & Beauty has postponed a planned listing on the Frankfurt Stock Exchange, three sources familiar with the matter said.

Apollo eyes $100bn in clean, energy, climate capital deals after pledging to scrap fossil fuels from $25bn-targeting fund

Global buyout giant Apollo plans to deploy $50bn in clean energy and climate capital over the next five years, alongside a reported shift away from fossil fuels in its next flagship fund. The post Apollo

Buyout
Warburg picks up LASERS pension commitment towards $16bn-targeting Fund XIV

Warburg picks up LASERS pension commitment towards $16bn-targeting Fund XIV

Warburg Pincus' $16bn-targeting flagship fundraise has picked up another LP commitment after the Louisiana State Employees' Retirement System agreed to back the vehicle. The post Warburg picks up LASERS pension commitment towards $16bn-targeting Fund XIV

Portfolio Company News
Evoco makes three-company Austrian portfolio deal

Evoco makes three-company Austrian portfolio deal

Evoco is to acquire a portfolio of companies in Austria from shareholders including AWS Mittelstandsfonds; the three- deal includes medical technology company the Agency for Medical Innovations (AMI).

Angel / Venture
Digital Horizon set for USD 200m Fund II first close in Q2 2022

Digital Horizon set for USD 200m Fund II first close in Q2 2022

Digital Horizon, a London-headquartered VC firm, is set to hold first close of its USD 200m second fund by the end of Q2 2022, partner Vlad Tropko told Unquote.

Apollo to take Tenneco private for $7.1bn including debt, huge premium to share price

Apollo Global has sealed a take-private deal for Tenneco in a deal which values the vehicle parts maker at $7.1bn including debt. The post Apollo to take Tenneco private for $7.1bn including debt, huge premium

Appointments
Alantra poaches Carlo Dawan from GCA Altium

Alantra poaches Carlo Dawan from GCA Altium

Private equity firm Alantra has hired Carlo Dawan from GCA Altium to lead its investment baking division in Italy, alongside four other senior hires.

Glendower said to hit $3.5bn fund target, five months after buyout by CVC

European private equity secondaries major Glendower Capital has reportedly hit its $3.5bn target for its first fundraise since being bought by CVC Capital Partners last year. The post Glendower said to hit $3.5bn fund target,

Ex-Treasury Secretary Mnuchin’s Liberty Strategic Capital boosts BlueVoyant to $1bn-plus valuation

Liberty Strategic Capital, founded by former US Secretary of the Treasury Steven Mnuchin, has led a $250m round in cyber defense platform BlueVoyant. The post Ex-Treasury Secretary Mnuchin’s Liberty Strategic Capital boosts BlueVoyant to $1bn-plus

Blackstone hires online media veteran Sara Clemens as senior advisor

Blackstone has hired Sara Clemens, former COO at media companies Twitch and Pandora, as senior advisor to advise across the firm's businesses, with a focus on Blackstone Growth. The post Blackstone hires online media veteran

Europe
Eurazeo seeks global expansion as industry consolidation intensifies

Eurazeo seeks global expansion as industry consolidation intensifies

French investment group Eurazeo is seeking acquisitions across Europe and the US as it turns its gaze on becoming a global player in the private market investment industry, executive board member Marc Frappier tells Unquote.

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