Private Equity

Gallant Capital Partners: Fund II Closed At $406 Million

By Amit Chowdhry ● Oct 2, 2024

Los Angeles-based Gallant Capital Partners announced the final closing of Gallant Capital Partners Fund II (GCP II) at $406 million, a meaningful increase over Gallant’s first fund. Gallant was launched in 2018 and has completed over 30 transactions to date with over $1.2 billion in assets under management.

Creative Planning: Strategic Investment Raised From TPG Capital

By Amit Chowdhry ● Oct 1, 2024

Leading independent wealth management firm Creative Planning announced that TPG (a leading global alternative asset management firm) has made a substantial minority investment in the Company. TPG is investing in the business through TPG Capital, which is its U.S. and European private equity platform. The terms of the deal were not disclosed.

Morgan Stanley: 1GT Climate Private Equity Fund Closed At $750 Million

By Amit Chowdhry ● Oct 1, 2024

Morgan Stanley Investment Management (MSIM) announced a final close of the 1GT climate private equity fund (1GT) at $750 million of equity capital commitments. 1GT targets growth-oriented investments in companies in North America and Europe, aiming to collectively avoid or remove one gigaton of carbon dioxide-equivalent (CO2e) emissions from the Earth’s atmosphere from the investment date through 2050.

HarbourVest Partners Names TJ Halbertsma As Managing Director

By Amit Chowdhry ● Sep 29, 2024

Global private markets investment specialist HarbourVest Partners announced the appointment of Tjalling (TJ) Halbertsma as managing director and Head of EMEA Investor Relations.

Heritage Holding: Inaugural Fund Closed With $220 Million In Committed Capital

By Amit Chowdhry ● Sep 29, 2024

Heritage Holding—a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders—announced the successful closing of its first institutionally backed Fund I, which had a total committed capital of $220 million. The funding was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals, and existing investors.

Pictet: Over $200 Million Raised For Thematic Private Equity Technology Fund II

By Amit Chowdhry ● Sep 29, 2024

Pictet Alternative Advisors (PAA) announced the final closing of the second vintage of its technology-focused thematic private equity fund at over $200 million.

BlackRock And Santander: Partnership Expanded For Private Asset Financing

By Amit Chowdhry ● Sep 29, 2024

BlackRock and Santander announced the signing of a memorandum of understanding (MoU) under which BlackRock's funds and accounts will invest up to $1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.

ATIS Raises Growth Investment From Thompson Street Capital

By Amit Chowdhry ● Sep 29, 2024

Thompson Street Capital Partners (TSCP), a leading private equity firm based in St. Louis, announced a growth investment in ATIS, a premier provider of elevator and escalator safety inspections, consulting, and managed services. The terms of the deal were not disclosed.

KKR: Ascendant Fund Closed At $4.6 Billion

By Amit Chowdhry ● Sep 29, 2024

Leading global investment firm KKR announced the final closing of KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 (as part of KKR’s Americas Private Equity platform), Ascendant is the first KKR vehicle solely focused on opportunities in the middle market.

Homrich Berg: Minority Investment From TPG Growth

By Amit Chowdhry ● Sep 29, 2024

Homrich Berg (HB) announced a new chapter in its 35-year history, with a strategic minority investment from TPG Growth, the middle market and growth equity platform of TPG - which is a leading global alternative asset management firm. The terms of the deal were undisclosed.

L Catterton Buying Majority Stake In [solidcore]

By Amit Chowdhry ● Sep 29, 2024

Consumer-focused investment firm L Catterton has signed a definitive agreement to acquire a majority stake in [solidcore] from VMG Partners, Kohlberg & Company, and Peterson Partners. And [solidcore] is a national network of fitness studios providing targeted strength training on custom-built reformers. This investment solidifies [solidcore] as the nation’s authority in its category and will continue to position the business for growth in the future.

Blue Wolf Capital Partners Creates New CDMO Platform

By Amit Chowdhry ● Sep 29, 2024

Blue Wolf Capital Partners, a middle market private equity firm specializing in the industrial and healthcare sectors, announced it has finalized the acquisition of seven European pharmaceutical manufacturing facilities from Recipharm, a leading contract development and manufacturing organization (CDMO).

Apollo’s ATLAS SP And BNP Paribas Reveal $5 Billion Collaboration

By Amit Chowdhry ● Sep 28, 2024

Apollo, ATLAS SP Partners (the warehouse finance and securitized products business, which is majority-owned by Apollo funds), and BNP Paribas (the European Union’s leading global bank) announced a strategic financing and capital markets collaboration.

Brookfield: $2.4 Billion For Catalytic Transition Fund Raised

By Amit Chowdhry ● Sep 28, 2024

Brookfield Asset Management announced an initial closing of $2.4 billion for the Catalytic Transition Fund, marking a significant milestone towards raising to $5 billion for deployment towards clean energy and transition assets in emerging markets.

Private Equity Firm DC Capital Partners Invests In PK Companies

By Amit Chowdhry ● Sep 28, 2024

DC Capital Partners Management, a sector-focused private equity firm that invests in middle-market Government and Engineering companies, announced that it has made a control investment in PK Companies Group. PK's founders have reinvested equity as part of this deal.

AVANT BIO Reveals Investments In Nomic Bio, PathPresenter, and PL BioScience

By Amit Chowdhry ● Sep 28, 2024

Pioneering growth equity firm AVANT BIO announced Avant Bio Fund II LP's participation in a series of several financing rounds, reinforcing its mission to support visionary companies developing cutting-edge solutions for health tech, life sciences research, and drug development. And Avant Bio Fund II LP's participation in Nomic Bio's Series B round and its leadership positions in growth financing rounds for PathPresenter and PL BioScience underscores AVANT BIO's commitment to advancing companies in the biotech and life sciences sectors.

Ryan McCarthy Joins AE Industrial As Operating Partner

By Amit Chowdhry ● Sep 27, 2024

AE Industrial Partners, LP (AEI), a private equity firm specializing in National Security, Aerospace, and Industrial Services, announced the appointment of Honorable Ryan McCarthy, 24th Secretary of the U.S. Army, as an Operating Partner.

TPG: $1.25 Billion Secured For New Global South Initiative Strategy

By Amit Chowdhry ● Sep 27, 2024

TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, announced it has secured $1.25 billion in initial capital commitments for its new Global South Initiative strategy (GSI). This announcement coincided with the 79th session of the United Nations General Assembly and the start of New York Climate Week.

BNP Associates Raises Strategic Funding From Godspeed Capital

By Amit Chowdhry ● Sep 26, 2024

BNP Associates (a leading air transportation design and engineering firm) announced that it has received a strategic investment from Godspeed Capital Management (a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm). The financial terms of the deal were undisclosed.

Viola Credit: $500 Million Strategic JV Signed With Cadma Capital Partners

By Amit Chowdhry ● Sep 24, 2024

Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, announced a strategic joint venture with Cadma Capital Partners. an affiliate of Apollo Global Management that specializes in financing solutions for high-growth technology companies and the investment firms that sponsor them.

Ziegert Group Receives Investment From H.I.G. Realty

By Amit Chowdhry ● Sep 24, 2024

H.I.G. Capital - a leading global alternative investment firm with $65 billion of capital under management - announced that one of its affiliates has invested in Ziegert Group GmbH, a fully integrated German real estate platform with a long-standing presence in the Berlin and Leipzig markets. The proceeds will be primarily used to finance existing projects and strategic acquisitions.

BlackRock, Microsoft, GIP, And MGX Launching $30 Billion AI Fund

By Amit Chowdhry ● Sep 18, 2024

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced a new collaboration called the Global AI Infrastructure Investment Partnership (GAIIP). This partnership will invest in new and expanded data centers to meet the growing demand for computing power and energy infrastructure to create new sources of power for these facilities. These infrastructure investments will mainly be in the US, driving AI innovation and economic growth, and the remainder will be invested in U.S. partner countries.

Alpha Partners: $153 Million Third Fund Closed

By Amit Chowdhry ● Sep 17, 2024

Alpha Partners, a leading growth equity firm investing in top-tier growth equity rounds led by the world's best investors, announced the final closing of its oversubscribed third fund, Alpha Partners Fund III, which has $153 million in commitments.

Brookfield Investing Up To $1.1 Billion In Ultra-Low Carbon eFuels Company Infinium

By Amit Chowdhry ● Sep 17, 2024

Infinium (a producer of commercially available ultra-low-carbon eFuels) and Brookfield Asset Management announced a strategic funding partnership to accelerate the growth of Infinium's eFuels platform. Infinium eFuels—which includes eSAF, a next-generation sustainable aviation fuel—can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to today's conventional fuels.

Ares Management: U.S. Real Estate Opportunity Fund IV Closes At Over $3.3 Billion

By Amit Chowdhry ● Sep 16, 2024

Today, Ares Management announced the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (AREOF IV). Through equity commitments to the Fund and related transaction vehicles, Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. This marks the largest Ares Real Estate closed-end fundraising to date, and it is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.

Castik Capital: EPIC III Fund Closes At €2 Billion

By Amit Chowdhry ● Sep 13, 2024

European private equity investment firm Castik Capital announced the final closing of its third fund EPIC III with total capital commitments of €2 billion. The fund raise exceeded the target of €1.75 billion and represents a 60% increase on its predecessor fund, EPIC II, which closed at €1.25 billion in October 2020.

Kohlberg: 10th Private Equity Fund Closed At $4.3 Billion

By Amit Chowdhry ● Sep 13, 2024

Kohlberg & Company, a private equity firm specializing in middle market investing, announced the final closing of its 10th private equity fund, Kohlberg Investors X, L.P. (Fund X), with $4.3 billion in commitments. Kohlberg also raised about $1 billion in commitments for dedicated co-investment vehicles alongside Fund X.

Indus Valley Partners Buys Alt Investment Software Company IntegriDATA

By Amit Chowdhry ● Sep 11, 2024

Indus Valley Partners (IVP), a global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises (PPC), which is a specialist middle-market private equity firm and minority investor in IVP, announced that it has agreed to acquire IntegriDATA, a leader in alternative investment software solutions. The terms of the deal were undisclosed.

BEX Capital: BEX Fund V Raised At $765 Million In Only 4 Months

By Amit Chowdhry ● Sep 10, 2024

BEX Capital, an investment firm focused exclusively on secondaries in private equity fund-of-funds (FoF), secondaries funds and co-investment funds - announced the closing of BEX Fund V at $765 million. As the first fund raised since the management buyout of BEX Capital at the beginning of the year, this was the first and only close of BEX Fund V, reaching its target in just four months.

Blackstone Buying Data Center Company AirTrunk In A$24 Billion Deal

By Amit Chowdhry ● Sep 10, 2024