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SurrealDB: Multi-Model Database Company Raises $20 Million

By Amit Chowdhry ● Jun 23, 2024

Multi-model database company SurrealDB announced it raised $20 million in funding, led by FirstMark and Georgian and with participation from Crew Capital and Alumni Ventures. This round brought SurrealDB's total to $26 million.

Fisher Investments Sells Minority Stake At $12.75 Billion Valuation

By Amit Chowdhry ● Jun 23, 2024

Fisher Investments (FI) announced that Advent International and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have agreed to make a minority investment in Ken Fisher’s namesake firm Fisher Investments. This investment by Advent and ADIA of at least $2.5 billion and up to $3 billion values FI at $12.75 billion.

RXO To Buy Coyote Logistics From UPS For $1.025 Billion

By Amit Chowdhry ● Jun 23, 2024

RXO entered into a definitive agreement to buy Chicago-based asset-light freight brokerage business Coyote Logistics for $1.025 billion from UPS. The deal is expected to close by the end of the year, subject to regulatory review and approval.

Equitable Advisors Brings In $326 Million Team

By Amit Chowdhry ● Jun 23, 2024

Equitable, a leading financial services organization and principal franchise of Equitable Holdings announced that Lori Brown and Jim Carroll have joined its wealth management business, Equitable Advisors.

Atwell Buys Biscayne Engineering To Expand In South Florida

By Amit Chowdhry ● Jun 23, 2024

Atwell announced it has acquired Biscayne Engineering, an engineering and surveying company with offices in Miami and Boca Raton, Florida. And this acquisition expands Atwell’s already robust presence in Florida, adding over 50 employees, and will be the company’s first office in Miami. Terms of the transaction were not disclosed.

White Oak Commercial Finance: $1.1 Billion Credit Facility Closed From Wells Fargo

By Amit Chowdhry ● Jun 23, 2024

White Oak Commercial Finance (WOCF) announced it has closed a new $1.1 billion credit facility agented by Wells Fargo Bank, N.A., and 11 other banks, increasing the capital that can be invested in asset-based lending (ABL). And WOCF and White Oak ABL announced a merger of the two entities into WOCF, which will now be an integrated ABL platform structured to serve this growing market optimally.

Summit Trail Expands Nationally With Addition Of $3 Billion Key Client Group

By Amit Chowdhry ● Jun 23, 2024

Summit Trail Advisors, a leading boutique wealth management firm with $18 billion in client assets, announced the addition of the former Key Client Group of BNP Paribas/Bank of the West to its roster of professionals, serving ultra-high net worth (UHNW) individuals, families, and institutions nationwide.

Arax Investment Partners Buys $1.7 Billion RIA SRS Capital Advisors

By Amit Chowdhry ● Jun 23, 2024

Arax Investment Partners, a premier wealth management platform company backed by RedBird Capital Partners, announced the addition of SRS Capital Advisors, an established Registered Investment Advisor (RIA) to the company’s multi-partner wealth management platform.

The Engine Ventures: Fund III Closed At $398 Million

By Amit Chowdhry ● Jun 23, 2024

The Engine Ventures, a venture firm that invests in early-stage founders solving critical global challenges, announced it raised a $398 million Fund III, bringing the firm’s total assets under management to over $1 billion. Launched in 2016 as The Engine built by MIT, the firm’s goal is to unlock commercialization in Tough Tech, a new asset class that translates breakthrough science and engineering from lab to market.

RSK Brings In Strategic Investment From Searchlight Capital Partners And Ares Management

By Amit Chowdhry ● Jun 23, 2024

RSK Group Limited, a leader in the delivery of sustainable solutions, announced it has entered into an agreement to receive a £500 million preferred equity investment from a consortium led by Searchlight Capital Partners, L.P. and Ares Management Corporation funds. Ares has also committed an incremental £300 million debt facility to further support RSK’s growth plans, bringing total available debt facilities provided by Ares to £1.4 billion.

Antares Capital Closes Third BSL CLO At $400 Million

By Amit Chowdhry ● Jun 23, 2024

Antares Capital, a leading alternative asset manager with over $68 billion in assets under management and administration, announced the closing of the firm’s third broadly syndicated loan (BSL) collateralized loan obligation (CLO), Orion CLO 2024-3, totaling $400 million.

Partners Group Passes Target Of $15 Billion In Commitments

By Amit Chowdhry ● Jun 23, 2024

Partners Group, one of the largest firms in the global private markets industry, announced it surpassed its target of $15 billion in client commitments for its fifth direct private equity program. This program comprises commitments to Partners Group's fifth direct private equity fund, Partners Group Direct Equity V, and to the bespoke client solutions and open-ended funds that allocate to the same direct private equity strategy.

NorthWall Capital: Over €640 Million For European Opportunities Strategy Closed

By Amit Chowdhry ● Jun 23, 2024

NorthWall Capital, a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, announced the final closing of its flagship NorthWall European Opportunities Fund II and associated vehicles (NWEOF II), attracting over €640 million in investor commitments.

RedSail Technologies Raises Strategic Growth Investment From LGP

By Amit Chowdhry ● Jun 23, 2024

RedSail Technologies, a premier pharmacy technology and solutions provider, announced a strategic growth investment from Leonard Green & Partners (LGP). In connection with the deal, Francisco Partners (FP) - which created RedSail by combining two separate divisional carve-outs in 2020 - will also reinvest in the company along with management.

17Capital Reveals Leadership Changes

By Amit Chowdhry ● Jun 23, 2024

17Capital, a private credit manager specializing in NAV finance for the private equity industry, announced the promotions of Investment team members Dane Graham and Greg Hardiman to Partner and Michael Timms to Managing Director.

VLogic Systems: Strategic Growth Funding Raised From Northrim Horizon

By Amit Chowdhry ● Jun 23, 2024

VLogic Systems, a leading cloud-based integrated workplace management (IWMS) and Connected Portfolio Intelligence Platform (CPIP) SaaS provider announced that Northrim Horizon had made a strategic growth investment in the high-growth IWMS and CPIP provider.

Auxilius: Clinical Trial Financial Management Company Raises $10 Million

By Amit Chowdhry ● Jun 23, 2024

Auxilius - which is the first Clinical Trial Financial Management (CTFM) software that enables life science finance, accounting, and clinical operations teams to automate accounting workflows and improve clinical R&D forecast accuracy - announced it has raised $10 million in additional financing, led by SignalFire.

Permira Reveals Leadership Changes

By Amit Chowdhry ● Jun 22, 2024

Global private equity firm Permira announced that Brian Ruder and Dipan Patel will become co-managing Partners and co-CEOs, and Kurt Björklund will become Executive Chairman, effective September 1, 2024. And Ruder joined Permira in 2008 and now serves on Permira’s Executive Committee, chairs the Permira Growth Opportunities Investment Committee, and co-chairs the buyout funds’ Investment Committee.

HarperDB: Significant Growth Investment Raised From Serent Capital

By Amit Chowdhry ● Jun 22, 2024

HarperDB, a distributed systems platform that combines database, caching, application, and streaming functions into a single technology for improving performance and lower cost for global backend services, announced a significant growth investment from Serent Capital.

McKinsey Expands Gen AI Platform With Iguazio

By Amit Chowdhry ● Jun 22, 2024

McKinsey has expanded its Gen AI platform (powered by Iguazio) to offer enterprises a consolidated, software-based approach to building, implementing, scaling, and governing Gen AI solutions.

Tinybird: Real-Time Data Platform Company Raises $30 Million In Series B

By Amit Chowdhry ● Jun 21, 2024

Tinybird, a real-time data platform for data and engineering teams, announced that it has raised $30 million in a Series B funding round led by Balderton Capital. Existing investors, including CRV and Singular Ventures, also participated in the round. This new funding round will accelerate Tinybird’s growth, enhance its product offerings, and expand its global footprint.

Honeywell Buying CAES Systems From Advent In A $1.9 Billion All-Cash Deal

By Amit Chowdhry ● Jun 21, 2024

Honeywell has agreed to acquire CAES Systems Holdings from private equity firm Advent International for about $1.9 billion in an all-cash transaction. This deal represents about 14 times the estimated 2024 EBITDA on a tax-adjusted basis.

GPTZero: AI-Based Content Detection Company Raises $10 Million In Series A

By Amit Chowdhry ● Jun 21, 2024

GPTZero, a leading platform for AI-generated content detection and responsible AI adoption, announced it had raised $10 million in Series A funding led by Footwork VC with participation from Reach Capital, Uncork, Neo, Alt Capital, and the former CEOs of Reuters and The New York Times.

Koda Health: Seed+ Funding Round Raised To Expand Care Planning Platform

By Amit Chowdhry ● Jun 21, 2024

Koda Health, a leader in digital Advance Care Planning, announced the successful oversubscription of its Seed+ funding round. This funding round was led by Ecliptic Capital, with strategic investment from Memorial Hermann Health System, AARP, and the Texas Medical Center (TMC) Venture Fund, emphasizing the healthcare community's belief in Koda's mission, technology, and impact on patient care.

Aepnus Technology: Electrochemical Platform Company Raises $8 Million In Seed Funding

By Amit Chowdhry ● Jun 21, 2024

Aepnus Technology, a developer of an electrochemical platform to improve circularity and reduce emissions in battery supply chain chemicals, announced it raised $8 million in seed financing to accelerate the production of its novel end-to-end sodium sulfate recycling technology. Clean Energy Ventures led the funding round, which also included Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Gravity Climate Fund.

Kardium: Atrial Fibrillation Treatment Company Raises $104 Million

By Amit Chowdhry ● Jun 21, 2024

Kardium, the developer of the Globe Mapping and Ablation System for the treatment of atrial fibrillation, has raised $104 million in a new financing round. This funding round is led by existing investor Fidelity Management & Research Company, with follow-on participation by funds and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management and new investor Durable Capital Partners LP.

Barkbus: The Story Behind This Rapidly Growing Direct-To-Doorstep Dog Grooming Service

By Amit Chowdhry ● Jun 21, 2024

Barkbus is the nation's fastest-growing mobile dog grooming company. And Barkbus was launched in LA to serve southern California and recently expanded to Texas, Arizona, and now Georgia. Pulse 2.0 interviewed Barkbus CEO and co-founder Jeff Safenowitz to learn more about the company.

Market Intelligence Company AlphaSense Buying Tegus And Raises $650 Million At $4 Billion Valuation

By Amit Chowdhry ● Jun 20, 2024

AlphaSense, a leading market intelligence and search platform, announced an agreement to buy Tegus, a leading provider of expert research, unique private company content, and financial data and workflow tools. As part of this deal, AlphaSense also raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, and existing investors Alphabet's CapitalG and Goldman Sachs Alternatives. This raise brought AlphaSense's valuation to $4 billion.

FirmPilot: $7 Million Raised To Provide Law Firms With AI-Driven Marketing

By Amit Chowdhry ● Jun 20, 2024

FirmPilot, an AI marketing engine for law firms, announced it had closed $7 million in funding to help services-based SMBs increase revenues with AI-driven digital marketing. Blumberg Capital led FirmPilot’s latest Series A round, with participation from new and existing investors Valor Ventures, SaaS Ventures, FJ Labs, and Connexa Capital.

Simulations Plus Acquiring Pro-ficiency For $100 Million In Cash

By Amit Chowdhry ● Jun 20, 2024

Simulations Plus (a leading provider of modeling and simulation software and services for pharmaceutical safety and efficacy) announced the acquisition of Pro-ficiency Holdings and its subsidiaries, a leader in providing simulation-enabled performance and intelligence solutions for clinical and commercial drug development. Simulations Plus had acquired Pro-ficiency from QHP Capital, L.P. (management company for NovaQuest Private Equity) and Pro-ficiency’s minority shareholders for about $100 million in cash.