Upper90 targeting equity crunch with up to $350m for third fund – report

Hybrid growth capital and credit investor Upper90 is reportedly eyeing $350m for its third fund, about double its first close total from August. The post Upper90 targeting equity crunch with up to $350m for third

Limited Partners
LP stakes trade on wider discounts amid liquidity crunch – Palico

LP stakes trade on wider discounts amid liquidity crunch – Palico

The discounts priced into LP secondary market trades in Q3 have been wider compared with the previous quarter, with the average price-to-NAV of a discounted deal being 90%, according to a report from online secondaries

Two years after raising $7.5bn amid the Covid pandemic, GTCR eyes new $9.5bn fund – report

Private equity giant GTCR is reportedly eyeing $9.5bn for its latest flagship fundraise as it continues to upscale its investment vehicles despite ongoing market headwinds. The post Two years after raising $7.5bn amid the Covid

Wind Point Partners picks up gated community, HOA access security specialist Envera Systems

Chicago-based private equity firm Wind Point Partners has bought Envera Systems, a provider of security and access controls for gated communities and homeowners associations. The post Wind Point Partners picks up gated community, HOA access

Oil and Energy
Sponsors ponder ESG questions as EU Taxonomy spurs gas, nuclear funding flow hopes

Sponsors ponder ESG questions as EU Taxonomy spurs gas, nuclear funding flow hopes

Gas and nuclear sector businesses have welcomed an EU proposal to classify these energy sources as green, hoping for increased investment, but sustainability-focused sponsors remain wary.

Software and Hi-Tech
Naxicap explores ECF Group sale advised by Lazard

Naxicap explores ECF Group sale advised by Lazard

Naxicap is working with Lazard for the sale of ECF Group, a French distributor of small equipment and consumables for the caterers, six sources familiar with the matter said.

Politics
Copper Street gears up to raise first closed-end fund in 2023

Copper Street gears up to raise first closed-end fund in 2023

Copper Street Capital plans to raise its first closed-end private equity fund towards the end of next year as it looks to tap opportunities arising in the financial services sector, founder and executive chairman Jerry

Limited Partners
PE liquidity at all time low amid macro woes – Rede Partners

PE liquidity at all time low amid macro woes – Rede Partners

Private equity liquidity is at its lowest on record, according to the H2 2022 Rede Liquidity Index (RLI), a survey measuring investor sentiment published by placement agent Rede Partners.

LA pension major picks Insight Partners among latest alternatives commitments

The $71bn-managing Los Angeles County Employees Retirement Association has picked Insight Partners among its latest string of alternatives investments. The post LA pension major picks Insight Partners among latest alternatives commitments first appeared on AltAssets

Blackstone agrees $359m investment in Indian IT business R Systems

Buyout giant Blackstone has agreed to invest up to $359m for a majority stake in Indian digital IT services provider R Systems. The post Blackstone agrees $359m investment in Indian IT business R Systems first

Succession revealed at Pritzker Private Capital as Carbone reveals plan to step back

Pritzker Private Capital co-founder Paul Carbone is stepping back from day-to-day management of the business after a decade as the firm’s president and managing partner. PPC has named current head of investing Michael Nelson as

Dominus Capital exits L2 Brands to Sentinel Capital after tripling size of business in four years

Dominus Capital, a business services and light manufacturing-focused investor, has exited collegiate, leisure and corporate hat and clothing company L2 Brands. The post Dominus Capital exits L2 Brands to Sentinel Capital after tripling size of

MassMutual Ventures launches $100m US climate tech fund

MassMutual Ventures has launched a new $100m fund to invest in early and growth-stage climate tech companies across the US. The post MassMutual Ventures launches $100m US climate tech fund first appeared on AltAssets Private

Ex-Macquarie Renewable Energy CEO hauls in more than $1bn for debut Climate Adaptive Infrastructure raise

Climate Adaptive Infrastructure has pulled in more than $1bn for its inaugural fundraising program targeting large-scale, low-carbon real assets in the clean energy, water and urban infrastructure sectors. The post Ex-Macquarie Renewable Energy CEO hauls

KKR Leads US$68 million Series B Funding Round in AI Leader Advanced Navigation

Value-added support from KKR to accelerate R&D, innovation and global expansion NEW YORK--(BUSINESS WIRE)-- Advanced Navigation (the “Company”), a developer of AI robotics and navigation technology, and KKR, a leading global investment firm, today announced

Europe
Wise Equity exits Trime in SBO to 21 Invest

Wise Equity exits Trime in SBO to 21 Invest

European sponsor 21 Invest has agreed to acquire a majority stake in Trime from Wise Equity following a competitive process for the Italian lighting tower manufacturer.

Politics
Synova invests in Mallcomm in Fund IV's final platform deal

Synova invests in Mallcomm in Fund IV's final platform deal

Mid-market investor Synova has acquired a majority stake in UK-based property management software developer Mallcomm.

Another fundraise from Energy Impact Partners sees firm bring in $485m for climate tech vehicle

Sustainability and net-zero focused VC investor Energy Impact Partners has sealed its second major fund close in two months by bringing in $485m for its new climate tech vehicle. The post Another fundraise from Energy Impact

asia
Bain Capital said to seal $1.44bn buyout of Japanese clothing business Mash

Bain Capital said to seal $1.44bn buyout of Japanese clothing business Mash

Private equity major Bain Capital has reportedly agreed a JPY200bn ($1.44bn) deal to buy Japanese clothing maker Mash Holdings. The post Bain Capital said to seal $1.44bn buyout of Japanese clothing business Mash first appeared

Europe
Armonia exits Italy’s BioDue in SBO to Riverside Europe

Armonia exits Italy’s BioDue in SBO to Riverside Europe

Italian private equity firm Armonia has agreed to exit BioDue in a deal with Riverside, which will acquire a controlling stake in the Italian company specialised in the development, manufacturing and commercialization of food supplements,

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