Private Equity

Resurgens Technology Partners: $800 Million Third Fund Closed

By Amit Chowdhry ● Aug 17, 2024

Resurgens Technology Partners (RTP), a private equity firm investing in North American and European lower middle-market software companies, announced the completion of fundraising for its Fund III, securing $800 million in commitments. Fund III follows Resurgens’ two previous funds RTP I (raised over $200 million) and RTP II (raised over $500 million).

Chartis Raises Majority Investment From Blackstone

By Amit Chowdhry ● Aug 16, 2024

Chartis (a leading healthcare advisory firm) announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Blackstone. This strategic investment will support the firm’s growth as a leading advisor to providers, payers, technology innovators, retail companies, and investors who are making positive and transformative changes within US healthcare. This investment also includes continued equity participation from Audax Private Equity.

EQT Buying PropertyGuru For $1.1 Billion

By Amit Chowdhry ● Aug 16, 2024

PropertyGuru Group - Southeast Asia’s leading property technology company - announced that it has entered into an agreement and plan of merger with affiliates of BPEA Private Equity Fund VIII Limited (part of EQT AB, a purpose-driven global investment organization) under which EQT Private Capital Asia will acquire the company in an all-cash transaction that values PropertyGuru at an equity value of approximately $1.1 billion.

Quinbrook Infrastructure Partners Raises Over $4.3 Billion To Invest In Energy Transition

By Amit Chowdhry ● Aug 14, 2024

Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, announced it has held a final closing of the Net Zero Power Fund.

KKR Buying Majority Stake In FGS ($1.7 Billion Deal)

By Amit Chowdhry ● Aug 11, 2024

KKR announced the acquisition of WPP’s full equity position in FGS Global, a major global communications and public affairs consultancy. The proposed deal is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at $1.7 billion.

Amulet Capital: Fund III Closed At $1.2 Billion

By Amit Chowdhry ● Aug 11, 2024

Amulet Capital Partners, LP (a middle-market private equity investment firm focused on the healthcare sector) announced the closing of Amulet Capital Fund III with about $1.2 billion in capital commitments.

StoneTree Investment Partners: Inaugural Fund Closed At $155 Million Hard Cap

By Amit Chowdhry ● Aug 11, 2024

StoneTree Investment Partners - a lower middle market private equity firm specializing in buy-outs of industrial and manufacturing businesses in the United States and Canada - announced the first-and-final closing of its debut fund, StoneTree Investment Partners Fund I, LP, with total capital commitments of $155 million.

Knox Lane: Oversubscribed Second Fund at Closed At $1 Billion Hard Cap

By Amit Chowdhry ● Aug 11, 2024

Growth-oriented investment firm Knox Lane announced the final closing of its second institutional fund KLC Fund II (KLC II), with $1 billion in total commitments, surpassing its target of $850 million and meeting its hard cap. The oversubscribed fund received significant support from existing and new investors and saw a 46% increase in fund size over Knox Lane's first fund, which was $610 million. With the closing of KLC II, Knox Lane now manages approximately $3 billion.

Cloverleaf Infrastructure Secures Over $300 Million In Commitments

By Amit Chowdhry ● Jul 30, 2024

Cloverleaf Infrastructure announced that it secured capital commitments totaling over $300 million from private equity investors NGP and Sandbrook Capital, along with contributions from its management team.

One Equity Partners Invests In Stellantis Spin-Off Comau

By Amit Chowdhry ● Jul 29, 2024

Stellantis, one of the world’s largest automakers and mobility providers, and One Equity Partners (OEP), a middle-market private equity firm, announced that OEP has signed a binding agreement to make a majority investment in Comau S.p.A., a global technology company specializing in industrial automation and advanced robotics.

Kingswood Capital Management: $1.5 Billion Raised For Oversubscribed Third Fund

By Amit Chowdhry ● Jul 29, 2024

Kingswood Capital Management, an LA-based private equity firm focused on buyouts of middle-market businesses with operational improvement potential, announced the final closing of Kingswood Capital Opportunities Fund III, L.P., with total capital commitments of $1.5 billion, including a 5% GP commitment, emphasizing the firm’s confidence in its strategy and providing strong alignment with its investors. This brings the firm’s total assets under management (AUM) to about $3.2 billion.

NewSpring: $390 Million Raised For Fifth Mezzanine Fund

By Amit Chowdhry ● Jul 26, 2024

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.

TPG Sets Up Talent Management And Representation Company

By Amit Chowdhry ● Jul 9, 2024

Leading global alternative asset management firm TPG announced the formation of a new company that will acquire, invest behind, and build a diversified global business centered on talent management, representation, and adjacent verticals. Michel Pratte (former President of Boat Rocker Media) has been named CEO of the newly established company and Eric Taitz (former EVP of Corporate Development and Strategy at Boat Rocker) will serve as the company’s Chief Operating Officer.

Foodsmart Raises $200 Million In Funding Led By TPG

By Amit Chowdhry ● Jul 9, 2024

The Rise Fund, which is the multi-sector strategy of TPG’s global impact investing platform, announced it has signed definitive documentation to lead an investment of over $200 million in Foodsmart - which is the leading telenutrition provider and food benefits management platform in the US. The terms of the deal were not disclosed.

First Foundation: $228 Million Equity Investment Closed

By Amit Chowdhry ● Jul 9, 2024

First Foundation announced today the closing of its individual investments aggregating to $228 million in the company from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital, and other investors.