Private Equity

Ares Management: Tempus Debt Facilities Upsized To $560 Million

By Amit Chowdhry ● Yesterday at 7:59 AM

Ares Management - a leading global alternative investment manager - announced that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, a technology company leading the adoption of AI to advance precision medicine and patient care.

Madison River Capital: Inaugural Fund Closed At $370 Million

By Amit Chowdhry ● Feb 23, 2025

Madison River Capital (MRC), a lower middle market private equity firm, announced the final closing of its first institutional fund, Madison River Capital Fund I, with over $370 million of capital commitments. And the firm received strong support from a sophisticated investor base, including family offices and institutional investors.

Star Mountain Capital: Jeff Feinberg Joins Firm As Managing Director And Strategic Portfolio Partner

By Amit Chowdhry ● Feb 22, 2025

Star Mountain Capital, a growing and employee-owned investment firm with over $4 billion in assets under management (AUM), announced that Jeff Feinberg has joined the firm as a Managing Director and Strategic Portfolio Partner. Feinberg will focus on enhancing Star Mountain’s differentiated approach to value creation within its portfolio companies as investors seek differentiated sources of yield and tax-advantaged total returns.

Carlyle Acquires Controlling Stake In Roop And Highway

By Amit Chowdhry ● Feb 22, 2025

Global investment firm Carlyle announced it has completed the acquisition of a controlling stake in Highway Industries and Roop Automotives through a proprietary and exclusive transaction. The equity for the investment will come from investment funds affiliated with Carlyle Asia Partners (CAP).

Huda Beauty: Kayali Spinning Off Into Standalone Fragrance Company

By Amit Chowdhry ● Feb 22, 2025

Huda Beauty announced that it will sell its ownership in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018. Since then, KAYALI has become a leading brand in the fragrance category.

McNally Capital Announces Investment in Jewett Automation

By Amit Chowdhry ● Feb 21, 2025

McNally Capital, a private equity firm specializing in acquiring founder-, family-, and management-owned businesses in the lower middle market, announced an investment in Jewett Automation. Jewett Automation is a leading manufacturer of filtration equipment and custom automation solutions, specializing in automated manufacturing and robotic systems for complex industrial applications.

Tikehau Capital: €1.2 Billion Raised For Special Opportunities Strategy Fund

By Amit Chowdhry ● Feb 21, 2025

Tikehau Capital, a global alternative asset management group, announced that its tactical strategies business has raised a record €1.2 billion for the third generation of its special opportunities strategy, showing the increasing demand for flexible credit solutions.

Emerald Lake: Sale Of Inno-Pak Announced

By Amit Chowdhry ● Feb 21, 2025

Emerald Lake Capital Management, a middle market private equity firm investing in capital-efficient businesses with sustainable competitive advantages and strong growth prospects in the industrials and services sectors, announced the sale of Inno-Pak, a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, to Handgards, a portfolio company of Wynnchurch Capital. The terms of the deal were undisclosed.

Sunco Foods: Investment Raised From Fulcrum Capital Partners

By Amit Chowdhry ● Feb 21, 2025

Fulcrum Capital Partners, a leading Canadian private equity firm focused on the mid-market, announced its investment in Sunco Foods. The company manufactures nut-based butters, snacks, and value-added food ingredients. It also imports, processes, and distributes organic and naturally sourced nuts, seeds, dried fruits, grains, and legumes.

Wall Street Prep: Funding Raised From The Riverside Company

By Amit Chowdhry ● Feb 21, 2025

The Riverside Company, a global investment firm focused on the smaller end of the middle market, announced an investment in Wall Street Prep (WSP), a leading global provider of financial training solutions and certifications with over 300 corporate clients, 150 university partners and 500,000 learners. And Riverside acquired WSP from Eden Capital, which invested in the company in 2021.

Cain And Ares Enter To Buy Significant Stake In Trent Rockets

By Amit Chowdhry ● Feb 20, 2025

Cain International and Ares Management Credit funds have together entered exclusivity to buy a significant stake in The Hundred franchise Trent Rockets. After a competitive bidding process, Cain and Ares won the auction as the preferred private investors and will now enter an eight-week exclusivity period to finalize legal agreements.

Invalda Raises Largest PE Fund In The Baltics At €305 Million

By Amit Chowdhry ● Feb 19, 2025

Invalda INVL Group announced that it completed the first closing of its second-generation private equity fund (INVL Private Equity Fund II), reaching €305 million and exceeding its target of €250 million.

Strategus: Majority Investment From CIVC Partners

By Amit Chowdhry ● Feb 18, 2025

Strategus, a leading managed services provider of high-performance connected TV (CTV) advertising campaigns, announced a majority investment by CIVC Partners, a Chicago-based middle-market private equity firm that has invested over $2.6 billion in more than 86 platforms in the business services sector. Strategus, originally founded in 2013 by Dave Miles and Joel Cox, serves agency and direct brand clients with innovative programmatic CTV and omnichannel marketing solutions.

India-Based PE Firm Multiples Acquires Controlling Stake Of QBurst For $200 Million

By Amit Chowdhry ● Feb 17, 2025

Multiples Alternate Asset Management and its co-investors announced it signed definitive documents to acquire a controlling stake in a high-growth digital product engineering platform QBurst. This deal, with an investment of $200 million, marks Multiples' most significant control investment in technology services.

IMB Partners: $125 Million Raised For Inaugural Investment Fund

By Amit Chowdhry ● Feb 17, 2025

IMB Partners, a private investment firm based in Bethesda, Maryland, announced the final close of its inaugural institutional fund IMB Partners SBIC I. SBIC Fund I closed with a total committed capital of $125.5 million, exceeding its original target of $100 million.

Oaktree Capital: Opportunities Fund XII Closed At $16 Billion

By Amit Chowdhry ● Feb 16, 2025

Oaktree Capital Management announced the final closing of Oaktree Opportunities Fund XII (Opps XII), with about $16 billion of commitments, including co-investment and affiliated vehicles.

Invesco: Private Credit Platform Closes $1.4 Billion For Direct Lending Strategy

By Amit Chowdhry ● Feb 15, 2025

Invesco Private Credit, a leading global private credit platform of Invesco, announced the closing of its flagship Invesco Direct Lending Fund II. Together with similar vehicles, this fund totals $1.4 billion of investable capital.

KKR: Over $850 Million Raised For Opportunistic Real Estate Credit Strategy

By Amit Chowdhry ● Feb 15, 2025

KKR announced the final closing of the KKR Opportunistic Real Estate Credit Fund II (ROX II), a strategy dedicated to opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe. And the closed commitments to the comingled fund and separate accounts pursuing KKR’s Opportunistic Real Estate Credit Strategy total over $850 million.

PSG: Two Funds Closed At $8 Billion Total

By Amit Chowdhry ● Feb 14, 2025

PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to capitalize on transformational growth, announced that it has closed two new funds, totaling $8 billion in capital commitments.

Colesco Capital: Over €800 Million Raised And Adam Willmott Named As Co-Head of Origination

By Amit Chowdhry ● Feb 13, 2025

Colesco, a sustainability-led direct lender with a mission to unite capital and purpose, announced it raised more than €800 million in its first platform close, welcoming APG and Rabobank as cornerstone investors. The firm also announced it has appointed Adam Willmott as Co-Head of Origination in its London office.

Gemspring Capital Acquires Haircare And Skincare Products Company Creative Labs

By Amit Chowdhry ● Feb 12, 2025

Gemspring Capital Management, a middle-market private equity firm, announced that an affiliate acquired Creative Labs and United Hair Care in partnership with the company’s CEO Brett Simmons. Creative Labs manufactures and develops branded and contract-manufactured haircare and skincare products. The financial terms of the transaction were not disclosed.

Adams Street Opens Toronto Office Managed By New Hire Colin Miller

By Amit Chowdhry ● Feb 12, 2025

Adams Street Partners (a leading private markets investment management firm with over $62 billion in assets under management) announced the opening of its Toronto office, the firm’s first in Canada. The new Toronto office is Adams Street’s sixth in North America and 13th worldwide.

Audax Private Equity: Exit Of Proud Moments Completed

By Amit Chowdhry ● Feb 12, 2025

Audax Private Equity announced that it has completed the sale of Proud Moments, an applied behavioral analysis (ABA) therapy provider, to children with autism. And Providence-based private equity firm Nautic Partners acquired Proud Moments. The terms of the deal were undisclosed.

Frontenac: Oversubscribed Fund XIII Closed At $900 Million

By Amit Chowdhry ● Feb 11, 2025

Frontenac, a Chicago-based private equity firm, announced the closing of its 13th fund Frontenac XIII Private Capital L.P. This fund was significantly oversubscribed and closed at $900 million of committed capital, well above its initial $700 million target. And the more recent predecessor funds, Frontenac XII (2022 vintage), XI (2018), and X (2014) totaled commitments of $520 million, $325 million, and $250 million, respectively.

Brycer: Strategic Partnership Signed With TA

By Amit Chowdhry ● Feb 9, 2025

Brycer, a leading provider of inspection, testing and maintenance (ITM) compliance software for fire prevention bureaus, water municipalities, state building departments and other regulatory organizations, today announced a strategic growth investment from TA Associates, which is a leading global private equity firm.

Ares: European Strategic Income Fund Surpasses €2.2 Billion In AUM In First Year

By Amit Chowdhry ● Feb 7, 2025

Ares Management - a global alternative investment manager - announced that its Ares European Strategic Income Fund (AESIF), an open-ended direct lending fund providing individual investors in Europe and Asia with access to Ares’ European direct lending strategy, surpassed €2.2 billion in total assets in its first full year, supported by capital raised primarily through the wealth channel. And AESIF - first available to individual investors in 2024 - is the inaugural offering in the Europe and Asia regions through the Ares Wealth Management Solutions (AWMS) platform.

o15 Capital Partners: Nearly $400 Million Raised For Investing In Emerging American Companies

By Amit Chowdhry ● Feb 7, 2025

o15 Capital Partners - a mission-oriented alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities - announced the closing of its inaugural fund, o15 Emerging America Credit Opportunities Fund LP, at about $370 million. The fund’s capital - combined with capital raised by o15 for related co-investment vehicles - totals nearly $400 million. This fund received strong backing from a group of leading institutional investors, including public and corporate pensions, foundations, banks, and family offices.

Leste Buying Minority Stake In Billor And Sets Up $335 Million Credit Facility

By Amit Chowdhry ● Feb 6, 2025

Alternative investment manager Leste Group announced it entered into an agreement to buy a minority stake in Billor, a vertically integrated freight and fintech platform for U.S. truck drivers. The deal also includes setting up a $335 million credit facility to accelerate the company’s growth. Additional financial terms of the deal were not disclosed.

Blackstone Energy Transition Partners To Buy Potomac Energy Center

By Amit Chowdhry ● Feb 6, 2025

Blackstone recently announced that Blackstone Energy Transition Partners have agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia.

Petra Capital Partners: $270 Million Growth Fund V Closed

By Amit Chowdhry ● Feb 5, 2025

Petra Capital Partners announced it completed fundraising on Petra Growth Fund V (PGF V) with $270 million of capital available to invest. The fund was oversubscribed and reached its hard cap.