AMB :- China Renaissance raises $600m fund to back startups

Laxman Pai, Opalesque Asia: Investment bank China Renaissance Capital&`s private equity fund "Huaxing New Economy Fund" officially announced that it has raised $600 million in the final closing of its USD F...Article Link

People news in brief

Wartchow heads to Pemberton — Barclays names permanent equities heads — Bonilla joins Kartesia

Stellex Closes Big Fund, Opens New Office

Stellex Capital Management has closed Stellex Capital Partners II LP with total commitments of more than $1.77 billion and exceeding the fund’s original $1.25 billion target. Stellex closed its debut fund in July 2017 with

Berkshire Launches El Dorado Foods

Berkshire Partners has partnered with food executive Javier Vélez-Bautista to form El Dorado Foods. Mr. Vélez-Bautista now becomes the CEO of El Dorado and the new platform will be active acquiring Latin-inspired food and beverage

Benford Closes First Fund

Benford Capital Partners has held a final closing of its inaugural private equity investment fund, Benford Capital Partners Fund I LP. The new fund closed with total limited partner commitments of $130 million, markedly above

AUA Enter Pet Products Sector

AUA Private Equity has acquired the Rhode Island Textile Company, dba Westminster Pet Products, a developer and marketer of pet treats, chews, and supplies. Westminster’s private label and branded products, sold under the RUFFIN’ IT

VC investor Sequoia launches a Chinese hedge fund

Sequoia Capital Equity Partners fund starts with initial capital of more than $300m from investors

Hg-backed Visma acquires Cash Software

Visma – a Norway-based cloud software company backed by Hg, Warburg Pincus and TPG, among others – has acquired Dutch accounting software company Cash Software.

Stan Chart eyes Sofr development in Reg S market

Standard Chartered this week became the first bank to launch a Sofr-linked deal in the 144A/Reg S dollar market, as it looked to introduce the Libor replacement rate to a more global audience.

US pension fund predicts quick rebound in its private equity portfolio

The portfolio of Massachusetts Pension Reserves Investment Management Board fell 8.3% in value on Covid-19 fallout, but the pension system expects it to recover that and more

Addition leads $200m investment in Snyk at a valuation of $2.6bn

Addition has led a $200m investment in software security company Snyk at a valuation of $2.6bn.

Bridgepoint sells majority stake in 2019 investment Miya Group to Antin Infrastructure

Antin Infrastructure Partners has bought a majority stake in Portugal's biggest private water operator from Bridgepoint after just over 18 months in the latter's portfolio.

China policy and markets round-up: Beijing joins WHO-led vaccine initiative, September forex reserves drop, Trump resumes China Covid blame

In this round-up, China joins an initiative backed by the World Health Organization for fair global access to Covid-19 vaccines, the country’s foreign exchange reserves slide, and US president Donald Trump continues blaming Beijing for

KKR to Present at the Barclays Global Financial Services Conference

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Barclays Global Financial Services Conference on Monday, September 14, 2020 at 12:00 PM

David Beckham’s Guild Esports to launch London IPO

The former England football captain is a minority shareholder in the business, in which AIM-listed investment firm Blue Star Capital holds an 11.7% stake

British Private Equity Awards: shortlist announced

The shortlist for this year's Unquote British Private Equity Awards has been announced and the public vote is now underway – pick your winners before 5pm on 16 September.

GP-backed PolyTech bolts-on Fos4x

Verdane-backed PolyTech, a Denmark-based turbine blade technology specialist, has acquired Munich-based software company Fos4x from its shareholders. 

Riverside-backed GermanPersonnel acquires Evint

Recruitment software company GermanPersonnel, a portfolio company of Riverside Europe (the European arm of US-based sponsor The Riverside Company), has acquired HR software business Evint.

Ardian backs smart city specialist Wintics

Ardian has acquired a minority stake in Wintics, a French developer of software for smart cities and transport operators.

Avedon’s SLF acquires STI Bearings

Avedon Capital portfolio company Spindel- und Lagerungstechnik Fraureuth (SLF) has acquired Germany-based market peer STI Bearings via an asset deal.

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