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USI Partners raised an additional $139m for its Southeast Asia-focused energy transition strategy, bringing the total fund size to $259m. These funds will support the SUSI Asia Energy Transition Fund (SAETF) and the Sustainable Asia Renewable Assets (SARA) platform.
Ron Kantowitz, managing director and head of direct lending, pointed to favourable market conditions, noting that record capital raised in the private equity sector is driving increased M&A activity and generating strong dealflow.
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.
Switzerland-based investment house Partners Group is eyeing as much as $12bn for its eighth secondaries fund. The post Partners Group preps $12bn secondaries fundraise amid huge rise in dealflow first appeared on AltAssets Private Equity News.
IK X surpasses its predecessor, IK IX Fund, which raised 2.8bn in 2020, and follows a period of intense dealflow for the firm. The fund has already been deployed into seven investments and will continue to target established European mid-market businesses with enterprise values above 200m. Can`t stop reading?
When I wrote this post about trying to measure the fundability of your startup, I kicked it off with, “You can’t” and proceeded to share all the ways that getting your company funded feels a bit like a craps shoot, while still trying find a method somewhere within the madness. Spinning out of a successful fund of a similar size?
According to the survey, deal volume will increase by 50-100%, with $10-15 billion of closed transactions expected in 2024, with a broad spread of pricing, but competition in particular for high-quality senior loans pushing pricing closer to par.
I have a draft deck put together for a next Brooklyn Bridge Ventures fund. What *is* really important for a venture fund? Does the firm have access to quality dealflow? I pretty much hate it. Don't get me wrong--the numbers look great. That's not it. It just doesn't really get at what's really important.
After closing SAETF in 2023 at $120m, the fund was reopened in 2024 based on strong dealflow and demand from LPs. To date, the fund has invested in projects in Vietnam, the Philippines, Thailand, and Cambodia. With a presence in Singapore since 2019, SUSI has been an early mover in the Southeast Asian energy transition.
Progressio SGR, the Italian private equity firm, is raising a new fund, Progressio Investimenti III, in response to LP demand and a doubling of proprietary dealflow over the past five years. As with previous funds, the money will predominantly be spent on proprietary deals and primary buyouts.
Secondary managers bullish on dealflow, says Investec survey Submitted 19/07/2023 - 10:56am Managers of private equity secondary funds are bullish on dealflow for the remainder of 2023 and have continued appetite for debt, despite soaring interest rates, according to a new research conducted by banking and wealth management group Investec.
The REIT has two big catalysts ahead that should increase its dealflow and ability to finance new investment opportunities. These deals enable companies to unlock the value of their real estate while providing them with the capital they can use to repay debt, expand their operations, or fund cash returns to shareholders.
Pantheon, a leading global private markets investor, is pleased to announce the successful closing of Pantheon Global Secondaries Fund VII and associated vehicles (PGSF VII), its latest flagship global private equity secondaries offering, with commitments totalling $3.25bn. Source: Businesswire Can’t stop reading?
The Fund attracted commitments from a variety of limited partners, ranging from endowments, foundations, public and private pension plans, consultants, OCIOs, and family offices. “We We are excited to continue to allocate the Fund’s capital on behalf of our investors to drive returns.”
At their core, they're capital providers to early-stage businesses looking for funding to get their operations off the ground. It specializes in venture debt, making high-yield loans to companies that have previously raised outside funding from venture capital or private equity. What are business development companies?
Park Square Capital, a European private credit specialist, has successfully raised €3.4bn ($3.8bn) for its latest direct-lending fund, European Loan Partners II, which will lend to private equity-owned mid-market businesses across Europe, according to a report by Bloomberg.
Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pension funds, insurance companies, asset managers, endowments, family offices and high net worth individuals. Since inception, New Mountain’s net lease strategy has completed $1.9
Fund investing, like adulting, is boring. That’s the first thing anyone trying to raise a fund needs to understand, as well as anyone thinking about investing in one. The partner at the fund, the VC, gets to do the fun part—the meeting with founders, vetting deals, negotiating, helping, etc. So what’s the point?
Lexington Partners (“ Lexington “), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. (“LCP X”) with $22.7 billion of total capital commitments. per share, private equity firm Sycamore Partners.
Benefit Street Partners (BSP), a credit-focused alternative asset manager with approximately $75bn in AUM and a subsidiary of Franklin Templeton Investments, has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7bn of capital.
Partners Group, a Swiss-based global private equity firm with $147bn in assets under management, is targeting $12bn for another private equity secondary strategy fund that will focus on deals in the Asia Pacific region, according to a report by Reuters.
Moreover, I also think that more hedge funds may begin taking positions in Palantir. I think the deals with Microsoft and Oracle bode well for Palantir's chances to continue partnering with the tech sector's largest businesses. More Partnerships: Earlier this year, Palantir signed two notable strategic partnerships.
While most of the money that goes into VC funds comes from institutions that are highly experienced in the asset class, some family offices and high net worth individuals also invest in VC. They’re trying to get exposure and diversification at the same time, while potentially seeing co-investment dealflow.
Right on time, I’ve got a company from my first fund doing a roadshow right now that could net a big exit by the end of the year. I have two other companies in that first fund that, at one time, looked like they were sure winners that could return the fund. Turns out they have standard sized bets for funds of my size.
According to data from Pitchbook and Affinity’s annual predictions survey, more than a third of nearly 300 respondents identified due diligence criteria as a major factor impacting dealflow. With a 76% increase in the number of funds in operation from 2015 to 2023, the pressure to identify and close deals has never been higher.
As liquidity constraints put pressure on the private equity industry, the secondaries market is expected to grow substantially over the next twelve months, with fundraising and dealflow set to expand, according to Investec’s latest Secondaries Report, Charting a Course for Further Growth.
Not every VC used to get pitched by VC funds for a living and has seen hundreds and hundreds of VC pitch decks. Aggregating these types of fund investors would make fundraising a lot easier. Maybe the program could even have a funding basket--they''ll get you your first million bucks in your first $7mm fund.
Most of the deals you fund have already been funded by someone else, so you're most likely going to see a deal through a seed investor you probably know. No VC has a magical stream of only high quality dealflow. Plus, direct screening can be useful to a VC's future dealflow.
It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. To think, I almost didn’t take that 2004 meeting because it was a NYC-based fund. No new investments.
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If dealflow is slow, a VC will take a meeting if you and your team seem mildly interesting even if your product isn’t. Some later stage funds will take a meeting long before they ever plan on writing a check with the promise of “opportunistic” seed investments (to the guy or girl they went to grad school with).
On the positive side, funding happens so rarely, that you’re inevitably going to be asked how you did it—and it’s just human nature to think that it’s something you did, versus the inherent awesomeness of the idea, the team’s relevance to the challenge, etc. It’s not me, it’s them. What counts as a rabbit?
So, while my fund might be 100% run by one white guy, I'm sure I'd fare pretty well on The Information's list if they added actual funding data. There's no social impact clause in the fund's mandate and the background and status of the founders arent criteria. I've even tried to diversify the investor base of my fund.
Very little time and effort is spent helping professional, full time investors raise capital for venture funds. Everyone is excited when a new company gets funded in their ecosystem, but no one spends much time thinking about where the money comes from to fund that deal. Raising for a seed fund is exceptionally difficult.
IAIM aims to leverage the origination and proprietary dealflow capabilities of Investec’s direct lending team to deliver private market investment solutions for investors. Investors can access this through IAIM via funds, mandates, and co-investment opportunities. Forry has been with Investec for almost seven years.
JP Morgan Asset Management is expecting investors to exit their investments in private credit funds at a record pace this year as they look for liquidity, boosting the nascent secondary market in the process, according to a report by Bloomberg.
Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners.
In 2025, we anticipate Topgolf will self-fund at least four refreshes at EPR Properties. million to fund experiential projects, which have closed but are not yet open, bringing the total in 2024 to $263.9 We're issuing investment spending guidance for funds to be deployed in 2025 in the range of $200 million to $300 million.
Some 56 new issuers across a range of industries were added to PGI Private Capital’s portfolio, and 79 existing borrower companies returned for further funding. PGIM Private Capital also launched its first European Long-Term Investment Fund (ELTIF) in H1 2024 to support its direct lending strategy.
Richard Hansford, Head of Business Development for Fund Services at Ocorian, acknowledged the cautious optimism in the market: “The easing of interest rates is a welcome development, though inflationary pressures and debt challenges remain.
Direct lenders meanwhile, doubled their activity over the same period, funding $20.6bn in buyout financing in the first half of the year. Technology firms led M&A activity, with deals amounting to $64bn.
Venture capital and private equity firms meanwhile, will increasingly elect to move their portfolio companies to exits due to funding needs, pressure to return capital and improving business fundamentals.
I'm excited to work with Ron Shah on this company and it's a testament to the kind of long term relationships that have building the dealflow pipeline at Brooklyn Bridge Ventures. He was an investor at his own firm at the time--a fund that had a lot of international LPs.
Etroy also remarked that investors have become pickier, a situation that is leading to private equity firms undertaking more exits via continuation funds (which allow them to transfer assets to a new vehicle) or with a co-control or structured equity type of deal. He added: “Some of our investors are starting to see inflows again.
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