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The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. UBS Securities LLC acted as the placement agent, while Ropes & Gray LLP provided legal counsel for the fund.
Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The Texas-based firm, known for investing in lower middle-market companies, raised more than twice the amount of its $300m predecessor fund. Can’t stop reading?
AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.
The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pensionfund.
Growth equity firm Valspring Capital has closed its first fund, Valspring CapitalFund I, exceeding its $255m target, with plans to focus on investments in growth-stage companies in the healthcare sector. Valspring Capital was founded in 2022 by a team that previously worked at Bain Capital Ventures.
Alchemy Partners closed its latest fund, Alchemy Special Opportunities Fund V, securing 1bn in capital commitments and surpassing its initial fundraising target. It includes institutional investors such as pensionfunds, sovereign wealth funds, financial institutions, consultants, and family offices.
Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
Windjammer Capital Investors (Windjammer), a private equity investment firm focused on control equity investments in middle-market businesses, has closed its sixth fund, Windjammer CapitalFund VI (Fund VI), at its hard cap with $1.3bn in capital commitments. Kirkland & Ellis provided legal counsel.
Blue Sage Capital has held a final closing of its fourth fund, Blue Sage Capital IV LP (Fund IV), with $618 million of capital. The new fund closed above its original $400 million target and its original hard cap of $550 million. With the close of Fund IV, the firm has now raised over $1.2
The report cites unnamed individuals familiar with the situation as revealing that the pensionfund, which oversees state pensions and other assets, aims to reduce its exposure to higher-yielding opportunistic credit strategies and shift focus towards more stable, mainstream direct lending. “The
IRA Capital, a private equity firm based in Southern California, has recently announced the launch of the IRA Healthcare Real Estate Fund. The closed-end fund, with a total capitalization of $500m, will focus on acquiring medical properties and senior housing assets across the United States. for its investors.
Just a year ago, such an allocation likely wouldn't have appeared on such filings, but with the approval of spot Bitcoin exchange-traded funds (ETFs) in January, the doors have been effectively opened for institutions like Goldman Sachs to gain exposure to the cryptocurrency. Most apparent is its finite supply.
Revelstoke Capital Partners, a Denver-based private equity firm with $5.8bn of assets under management, announced today that it has completed the successful fundraising for Revelstoke Capital Partners Fund III, and various affiliated investment vehicles totalling $1.7bn. RCP Fund III substantially surpassed its target of $1bn.
NorthWall Capital (“NorthWall”), a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, today announces the final close of its flagship NorthWall European Opportunities Fund II and associated vehicles (“NWEOF II” or “the Fund”), attracting more than €640m in investor commitments.
Shore Capital Partners has closed its inaugural Healthcare Advantage Fund , second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”). The three new funds exceeded their targets and represent over $1.9
billion in assets as of March 31 across investments in capital markets, private equity, real estate, infrastructure, natural resources and credit. Again, I caution readers not to generalize as Canada's large pensionfunds have the right approach and are very selective in the deals they enter. The system managed about C$264.9
Turnspire Capital Partners (Turnspire), a private investment firm focused on lower middle-market industrial and consumer businesses has held the final closing of Turnspire Value Fund II, at its hard cap of $275m in capital commitments.
BlackFin Capital Partners, a leading European financial services sector investment specialist, has held the final close of BlackFin Financial Services Fund IV with €1.8bn, taking the firm’s total assets under management to $4bn. Since raising Fund III, BlackFin has invested substantially into its platform.
New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Davis Polk & Wardwell LLP served as legal counsel for HP IX.
Lone View Capital, an LA-based private equity firm investing in the technology sector, has held final close of its inaugural fund, Lone View CapitalFund I with total committed capital of $850m, bringing the firm’s AUM to approximately $1.1bn. Kirkland & Ellis served as legal counsel for Fund I.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity.
Kohlberg & Company (Kohlberg), a private equity firm specialising in middle market investing, has held the final closing of its 10th private equity fund, Kohlberg Investors X (Fund X), with $4.3bn in capital commitments. Kohlberg has also raised an additional $1.0bn in commitments for dedicated co-investment vehicles.
James Hirai of Bloomberg reports Dutch pensionfunds send shockwaves through euro swap market: Dutch pensionfunds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.
Orion Infrastructure Capital (OIC), a US middle-market infrastructure manager, has held the final close of its inaugural infrastructure growth fund with over $370 million in commitments, surpassing its initial target of $350m. LPs include insurance companies, pensionfunds, foundations and family offices.
Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices. Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices.
Clearhaven Partners (Clearhaven), a Boston-based software private equity firm focused on investments in the technology sector, has closed its sophomore fund, Clearhaven Fund II, with more than $580m of capital commitments, above target and at its hard cap.
Texas-based private equity firm Trinity Hunt Partners has closed its latest fund, Trinity Hunt Partners VII, (Fund VII) at its hard cap of $700m in capital commitments, which was oversubscribed and had fundraising completed in under five months. Kirkland & Ellis acted as legal counsel.
This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020. Simpson Thacher & Bartlett LLP served as legal counsel to the Fund and Rubicon. Capital sells $1bn revenue firm Recochem to CapVest H.I.G. Capital ("H.I.G.") Capital ("H.I.G.")
Epiris, a private equity firm that targets control positions in UK-headquartered businesses with an enterprise value of between £75m and £500m, has held the final close of Epiris Fund III with total capital commitments of £1.044bn. Clifford Chance and Carey Olsen acted as the fund’slegal counsel.
Ara Partners (“Ara” or the “Firm”), a leading private equity and infrastructure investment firm specializing in industrial decarbonization, today announced that it has closed over $3bn of new capital commitments. is weighing a bid for UK's Pension Insurance Corporation.
Despite a challenging fundraising environment for private equity firms generally, WPGG 14 was met with very high investor demand and significantly exceeded expectations, closing on $17.3bn of capital. Kirkland & Ellis LLP served as legal advisor for WPGG 14. Source: CISION PR Newswire Can’t stop reading?
We are thrilled to be entering into this partnership, on behalf of our pensionfund client ABP and Asset Owner Partners, and we are eager to work closely with the euNetworks team as they continue to develop and further their strategic vision.” UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
Verdane Capital XI has closed at its €1.1bn hard cap, almost doubling the size of its predecessor fund which closed at €610m. The oversubscribed Fund received strong support from new and existing investors, including a re-up rate of more than 100%. Source: Verdane Can’t stop reading?
Additionally, the firm raised $1 billion in commitments for co-investment vehicles dedicated to investing alongside Fund X. We are humbled by the enthusiasm expressed towards the firm as experienced stewards of capital over our nearly four-decade history.” “We Kohlberg’s previous fund, Kohlberg Investors IX LP , closed with $3.4
We are thrilled to be entering into this partnership, on behalf of our pensionfund client ABP and Asset Owner Partners, and we are eager to work closely with the euNetworks team as they continue to develop and further their strategic vision.” UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
In fact, thanks to increased scrutiny of investment funds in a post-Madoff world, this imbalance will probably get bigger and bigger. Until you realize that vetting and helping companies is actually really hard--or did you not notice all the news that venture capital as an asset class doesn't beat the market. I certainly would!
Terry Woodward, Senior Managing Director, Private Capital, at Ontario Teachers said: We have been delighted to partner with and support Amica on their journey to empower seniors as they age. LLC served as lead sell-side financial advisor and CIBC Capital Markets and Newmark Group, Inc. Goldman Sachs & Co.
Jeffrey Jones of the Globe and Mail reports Canada Growth Fund to invest $50-million in Montreal’s Idealist Capital: The federal government’s new cleantech funding agency is investing $50-million in Montreal’s Idealist Capital, an impact fund that concentrates on commercial-scale technology developers focused on the shift to a low-carbon economy.
“It will come under a different guise, it’ll be said, ‘you should invest more in Canada’, ‘you should invest more in infrastructure’, ‘we should let people have access to their capital earlier’, or whatever excuse may be the fact of the day. It basically created the legal framework for this new organisation.
European private equity investment firm Castik Capital has held the final close of its third fund, EPIC III, with total capital commitments of €2bnm exceeding its target of €1.75bn. The fund is 60% larger than predecessor EPIC II, which closed at €1.25bn in October 2020.
The federal government pledged in its fall economic statement on Tuesday to “work collaboratively” with Canadian pensionfunds to create an environment that encourages them to put more of the trillions of dollars of assets they collectively manage to work domestically. That has put pensionfund managers on guard.
Amir Barnea, associate professor of finance at HEC Montréal, wrote a comment for the Toronto Star asking if Canada is cracking down on taxes, why does our national pension plan pay less than two per cent?: When it comes to performance, Canada’s national pensionfund rightfully boasts impressive results.
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