Fundraising
AMB :- Ares Management closes special opportunities fund at $3.5bn

AMB :- Ares Management closes special opportunities fund at $3.5bn

Laxman Pai, Opalesque Asia: The global alternative investment manager Ares Management closed its Ares Special Opportunities Fund (ASOF) at $3.5 billion. The private debt fund well exceeded its $2 billion fundraising targ...Article Link

Performance
AMB :- L/S Credit and Special Situations strategies outperform in June

AMB :- L/S Credit and Special Situations strategies outperform in June

Laxman Pai, Opalesque Asia: Lyxor Peer Groups suggest hedge fund performance was flat mid-June. Equity-related strategies underperformed and CTA/ Market Neutral L/S outperformed due to the brief risk-off episode on June ...Article Link

Portfolio Company News
AMB :- Private equity professionals wake up to ESG, says study

AMB :- Private equity professionals wake up to ESG, says study

Laxman Pai, Opalesque Asia: An overwhelming majority (88%) of private equity investors plan to step up their efforts to manage and measure ESG performance in their portfolio companies over the next two years, said a

Buyout
Eagle Merchant Partners picks up stake in coding programs for kids platform Code Ninjas

Eagle Merchant Partners picks up stake in coding programs for kids platform Code Ninjas

Atlanta-based private equity firm Eagle Merchant Partners has acquired a stake in coding for kids platform Code Ninjas.

Buyout
Tenzing Private Equity sets its eyes on $496m for its second fund as it looks to double the capital pool of its predecessor

Tenzing Private Equity sets its eyes on $496m for its second fund as it looks to double the capital pool of its predecessor

Tenzing Private Equity, which targets buyout deals in UK SMEs, is looking to raise up to $496m for its sophomore fund.

Angel / Venture
Judge rejects bid to block Advent-owned Serta Simmons restructuring

Judge rejects bid to block Advent-owned Serta Simmons restructuring

Mattress maker is given green light to close a contested debt restructuring, despite objections from holdouts including Apollo, Angelo Gordon

Europe
UK bolsters foreign takeover defences as pandemic drives protectionist moves

UK bolsters foreign takeover defences as pandemic drives protectionist moves

The proposals follow similar actions by other European countries including Germany, Italy and Spain as the pandemic-induced fallout raises alarm bells across Europe

Europe
Spanish groups launch fund of funds with €250m in commitments

Spanish groups launch fund of funds with €250m in commitments

The new fund set up by the insurance company Mapfre and asset managers Altamar Capital and Abante will focus on the US and Europe

Software and Hi-Tech
Private equity and real estate are top picks for super rich

Private equity and real estate are top picks for super rich

According to Tiger 21, a group of almost 800 investors with more than $100m in assets each, on average

Angel / Venture
Glennmont teams up with PGGM to launch Italian renewables venture

Glennmont teams up with PGGM to launch Italian renewables venture

Glennmont said it considers Italy a 'key market' and plans to further expand its investments in the country

Angel / Venture
Epidarex Capital III closes on £102m

Epidarex Capital III closes on £102m

Life-science-dedicated venture capital firm Epidarex Capital has closed its Epidarex Capital III fund on £102.1m.

Politics
Connecterra raises €7.8m in series-B round

Connecterra raises €7.8m in series-B round

Netherlands-based Connecterra, a developer of software for the dairy industry, has raised €7.8m in a series-B round led by French biosecurity and food safety company Kersia, ADM Capital and Pymwymic.

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