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The deal helped SoundHound get into more industries, including retail, healthcare, insurance, and financialinstitutions. The company was created through the merger of analytics company BigBear and systems integrator NuWave by privateequityfirm AI Industrial Partners. BigBear.ai, meanwhile, is focused on the U.S.
The fund reached its hard cap and attracted a diverse group of investors, including public and private pension plans, insurers, health systems, fund of funds, family offices, financialinstitutions, endowments, and foundations across North, Central, and South America, Europe, Asia, and the Middle East. “We
Vista Equity Partners, the software and technology-focused privateequityfirm with over $100bn in assets under management, is considering the sale of Finastra’s capital markets division, according to a report by Bloomberg. Source: PrivateEquity Wire Can’t stop reading?
Private-equityfirm Bain Capital will buy Envestnet, in a $4.5bn deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. Its clients also include 48 of the 50 largest wealth management and brokerage firms. banks among its customers.
With $12bn in total capital raised for the strategy, BCP VI is the largest privateequity fund raised by Brookfield. Partners in BCP VI are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financialinstitutions, endowments and foundations, and family offices.
Coalesce Capital (“Coalesce”), a privateequityfirm investing in human capital-driven and technology-enabled services companies, today announced the closing of its inaugural fund, Coalesce Capital Fund I LP (the “Fund”), and parallel vehicles, with $900 million in total capital commitments.
Revelstoke Capital Partners, a Denver-based privateequityfirm 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.
Privateequityfirm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. GIC and Eurovita had no comment. The insurers involved declined to comment.
AE Industrial Partners, a privateequityfirm specialising in national security, aerospace and industrial services, has held the final close of its third flagship privateequity fund, AE Industrial Partners Fund III, at $1.28bn.
Privateequityfirm Horizon Capital has attracted $350 million to support Ukrainian businesses through the Horizon Capital Growth Fund IV (HCGF), the company announced on Feb. read more The post Horizon Capital attracts $350m to support Ukrainian businesses appeared first on PrivateEquity Insights.
The move towards an IPO comes after Permira, the privateequityfirm that acquired Golden Goose in 2020, considered a sale earlier in June 2023 but later decided to pursue a public listing instead. Open Gate Capital, a global privateequityfirm, announced today that it has signed a definitive.
Coalesce Capital, a privateequityfirm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. Coalesce now has approximately $1bn in regulatory AUM.
Vista Equity Partners, the software and technology-focused privateequityfirm with over $100bn in assets under management, is considering the sale of Finastra’s Capital Markets (TCM) division, according to a report by Bloomberg. Currently, Finastra generates approximately $1.85
He was previously CEO of Progressive Leasing (NYSE: PRG), a leading financial technology company, which grew from approximately $220 million to $2.5 The investment from Spectrum Equity will help accelerate the company’s strategic plans to drive growth and expand globally.
RRJ Capital, the privateequityfirm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The soon-to-be-launched private credit fund has a target investment return rate of 15% to 18% and will avoid distressed situations.
Privateequityfirm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. GIC and Eurovita had no comment. The insurers involved declined to comment.
Agellus Capital, a lower middle-market privateequityfirm focused on B2B, non-discretionary consumer, supply chain and infrastructure services, has closed its debut fund, Agellus Capital PrivateEquity Fund I, with total limited partner capital commitments of $400m.
Miami-based privateequityfirm Eir Partners Capital has closed its Eir Partners Investment Program II with $496m in capital commitments, having closed its predecessor, Eir Partners Program I, at $255m in 2021.
Brera Partners, a privateequityfirm specialising in investments in the asset light financial services sector, has acquired 70% of the shares in Italian insurance broker GBSAPRI Group. Financial details of the transaction have not been disclosed.
Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and non-banking financialinstitutions, has raised $229m in a new funding round as it looks to deepen its expansion in North America and Europe. The 15-year-old startup’s Series D funding was led by Indian privateequityfirm Kedaara Capital.
Nautic Partners (Nautic), a leading middle-market privateequityfirm focused on the healthcare, industrials, and services sectors, has held the final closing of Nautic Partners XI (Fund XI), oversubscribed at its hard cap of $4.5bn.
InTandem Capital Partners, a middle-market privateequityfirm focused on healthcare services, has held the final closing of InTandem Capital Partners Fund III, at $715m, above its original target of $650m.
Kohlberg & Company (Kohlberg), a privateequityfirm specialising in middle market investing, has held the final closing of its 10th privateequity fund, Kohlberg Investors X (Fund X), with $4.3bn in capital commitments.
A consortium led by RRJ Capital, the privateequityfirm run by former Goldman Sachs Group Inc. The privateequityfirm invested €500m in the Frankfurt initial public offering of Vantage Towers AG, Vodafone’s European mobile-phone towers unit in 2021.
TOF II’s investor base includes public and corporate pensions, endowments, foundations, financialinstitutions, fund of funds, asset managers and family offices, as well as high-net-worth individuals.
TOF II’s investor base includes public and corporate pensions, endowments, foundations, financialinstitutions, fund of funds, asset managers and family offices, as well as high-net-worth individuals.
Henry has over 20 years experience in designing, implementing, and executing strategic fundraising and investor relations programs for privateequityfirms. Henry began her career at Merrill Lynch working in investment banking within the FinancialInstitutions Group and later as a Principal in the Global PrivateEquity Group.
Coalesce Capital, a privateequityfirm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. Coalesce now has approximately $1bn in regulatory AUM.
billion worth of credit card debt in the US to privateequityfirm Blackstone , to expand its lending capacity and reduce balance sheet risk. Barclays has agreed to sell approximately $1.1 BBDE will continue to service the accounts, providing cardmembers with the high level of service they have come to expect.”
Kainos Capital (Kainos), a food and consumer-focused privateequityfirm, has made two promotions – Steven Koch to Principal from Vice President, and Alex Stanek to Manager on the firm’s operations team from Senior Associate. Koch first joined Kainos in 2014 as an Associate and rejoined in 2019 as a Vice President.
Bowmark Capital, a British mid-market privateequityfirm, has closed its seventh flagship fund, Bowmark Capital Partners VII (Bowmark VII), with commitments totalling over £900m and exceeding its predecessor fund by approximately 50%.
“Not only will this new platform transform wealth capabilities for financialinstitutions across MENA, it will also strengthen Abu Dhabi’s role as a global hub for wealth and asset management.” read more The post Lunate and BNY Mellon Invest $300m in Alpheya appeared first on PrivateEquity Insights.
Singapore- and New Delhi-based privateequityfirm Quadria Capital has marked the first close of its third investment vehicle. The healthcare-focussed investor hit the close at approximately 60% of the base amount of $800m, it said in a statement on Wednesday. Quadria has a hard cap of $1bn for this vehicle.
The oversubscribed fund received strong support from both new and existing investors comprising a broad range of leading global institutions, including public and private pension plans, asset managers, financialinstitutions, insurance companies, fund-of-funds, endowments and foundations, family offices and high net worth individuals.
LCP X is a 2022 vintage fund that is now more than 40% committed, with a diversified portfolio of more than 50 transactions with a variety of sellers, including public and corporate pensions, banks, and other financialinstitutions. per share, privateequityfirm Sycamore Partners.
TorQuest Partners, a Toronto -based privateequityfirm founded in 2002, today announced the final closing of TorQuest Partners Fund VI, with $2.1bn of committed capital from external investors.
He added that CVC Capital, despite being a financialinstitution, “has experience in investing in hospitals, partnering with local management to create value for all stakeholders.” read more The post CVC Capital is set to take control of The Medical City For a Value Of around $275m appeared first on PrivateEquity Insights.
The obvious takeaway about the business is that Moody's analyzes loads of financial data points and has to synthesize this information in a way that is digestible for its clients -- namely, financialinstitutions such as investment banks or privateequityfirms.
AE Industrial Partners, a privateequityfirm specialising in national security, aerospace and industrial services, has held the final close of its third flagship privateequity fund, AE Industrial Partners Fund III, at $1.28bn.
Hildred Capital Management, a privateequityfirm focused on lower middle-market healthcare, has successfully closed its third fund, Hildred Equity Partners III, according to a report by BusinessWire.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes privateequityfirms, hedge funds, and asset managers, according to a report by Institutional Investor.
Global law firm White & Case has appointed Sten Olsson as a Partner within its global M&A practice and global privateequity industry group in Helsinki. Olsson advises international and Nordic privateequityfirms and corporations on mergers and acquisitions, investments, carve-outs and divestments.
Global law firm Kirkland & Ellis has appointed experienced privateequity lawyer Sebastian Pitz as a Partner based in the firm’s Frankfurt office. Pitz, joins Kirkland from White & Case, where he also held the position of Partner.
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