Private Equity

NewSpring: $390 Million Raised For Fifth Mezzanine Fund

By Amit Chowdhry ● Yesterday at 5:54 AM

NewSpring, a family of private equity strategies, announced the final closing of NewSpring Mezzanine Capital V (NSM V), out of the firm's dedicated private credit strategy, NewSpring Mezzanine. In total, the fund was oversubscribed with total commitments of $390 million. NSM V received strong support from existing and new investors, including a diverse group of banks, insurers, public plans, financial institutions, and individuals.

Agellus Capital: Inaugural Fund Closed At $400 Million

By Amit Chowdhry ● Jul 25, 2024

Agellus Capital—a lower middle-market private equity firm focused on partnering with essential and non-discretionary services companies—announced the final closing of its debut fund, Agellus Capital Private Equity Fund I, with total limited partner capital commitments of $400 million.

Bregal Sagemount Closes Inaugural Small-Cap Fund At $500 Million

By Amit Chowdhry ● Jul 25, 2024

Growth-focused private equity firm Bregal Sagemount announced the successful closing of its inaugural small-cap fund, Bregal Sagemount Basecamp I at $500 million. This fund closed at its target and hard cap, inclusive of strong support from existing limited partners, several new institutional investors, and a significant GP commitment.

North Sky Capital: $250 Million Raised For Impact Secondaries Fund

By Amit Chowdhry ● Jul 21, 2024

North Sky Capital announced the closing of its impact secondaries fund, Clean Growth VI (CG VI), with $250 million of commitments. Investors include prominent pension plans, foundations, wealth management platforms and family offices from across the US, Canada, Brazil, Singapore, and Europe.

Star Mountain Capital: Curtis Glovier Named As Managing Director And Strategic Portfolio Officer

By Amit Chowdhry ● Jul 19, 2024

Star Mountain Capital, a specialized investment manager with over $4 billion in assets under management (AUM) focused on generating premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (SMBs), announced that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.

MetLife Investment Management: Second Private Equity Fund Closed At $1.2 Billion

By Amit Chowdhry ● Jul 18, 2024

MetLife Investment Management (MIM), the institutional asset management business of MetLife announced the launch of its second private equity fund for institutional clients in concert with the closing of approximately $1.2 billion in commitments to a new MIM-managed fund-of-funds.

H.I.G. Capital: $1.3 Billion Raised For Europe Realty Fund III

By Amit Chowdhry ● Jul 18, 2024

H.I.G. Capital, a leading global alternative investment firm with $64 billion of capital under management, announced the final close of H.I.G. Europe Realty Partners III. And the fund closed with aggregate capital commitments of approximately $1.3 billion, which was significantly above the predecessor’s fund size.

TAIT Raises Equity Funding From Goldman Sachs

By Amit Chowdhry ● Jul 18, 2024

Live experiences leader TAIT announced that the Private Equity business at Goldman Sachs Alternatives will acquire a majority stake in the company from affiliates of Providence Equity Partners, subject to obtaining customary regulatory approvals. The terms of the deal were undisclosed.

Benchmark Analytics: Strategic Growth Funding From PSG Equity

By Amit Chowdhry ● Jul 17, 2024

Benchmark Analytics—a SaaS-based, data-driven enterprise analytics platform that enables public safety agencies to improve the performance and wellness of their workforce while also helping to reduce risk—announced a strategic growth investment from PSG Equity. PSG is a leading growth equity firm that partners with software and technology-enabled services companies to navigate and capitalize on transformational growth.

INNOTEX Raises Funding From Clearspring Capital Partners

By Amit Chowdhry ● Jul 16, 2024

Clearspring Capital Partners announced an investment in INNOTEX alongside founder Louis Carpentier and existing management.

OIC: Growth Fund I Closed Above Target At $370 Million

By Amit Chowdhry ● Jul 16, 2024

Orion Infrastructure Capital (OIC), a US middle-market infrastructure manager, announced it has successfully concluded the fundraising of its inaugural Infrastructure Growth Fund. This fund raised over $370 million in commitments, surpassing the initial target size of $350 million.

Enterprise Data Company Nasuni Raises Funding At $1.2 Billion Valuation

By Amit Chowdhry ● Jul 13, 2024

Nasuni, a leading enterprise data platform for modern hybrid cloud environments, announced a strategic growth investment led by Vista Equity Partners. And Vista will be joined by TCV and KKR in the new investment, which values Nasuni at about $1.2 billion. The terms of the transaction were not disclosed.

AE Industrial Partners: Fund III Closed At $1.28 Billion

By Amit Chowdhry ● Jul 13, 2024

AE Industrial Partners, LP (AEI), a private equity firm specializing in national security, aerospace, and industrial services, announced the closing of its third flagship private equity fund, AE Industrial Partners Fund III, LP, with total capital commitments of $1.28 billion.

Iron Path Capital: Fund I Surpasses Target At $273 Million

By Amit Chowdhry ● Jul 11, 2024

Iron Path Capital (IPC), an operationally focused private equity firm investing in the specialty industrials and healthcare sectors, announced the final closing of Iron Path Capital Fund I, exceeding the $250 million target with total commitments of $273 million.

Lee Equity Partners: Oversubscribed Fund IV Closed At $1.3 Billion

By Amit Chowdhry ● Jul 10, 2024

Lee Equity Partners, a middle-market private equity firm, announced the final closing of Lee Equity Partners Fund IV, L.P. Fund IV was oversubscribed and, including the General Partner commitment, achieved its hard cap with total capital commitments of about $1.3 billion, which was well above the $1 billion target.

QX Global Group: Over £100 Million Growth Investment Raised From Long Ridge Equity Partners

By Amit Chowdhry ● Jul 10, 2024

QX Global Group, a leading business process management (BPM) service provider, announced that it has secured a growth investment of £100+ million from Long Ridge Equity Partners. QX specializes in business & digital transformation, BPM, and consulting services within the accounting, recruitment, real estate, manufacturing, public sector, higher education, healthcare, consumer packaged goods, retail, and utilities and energy sectors.