Private Equity

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.

Balbec Capital: $1.7 Billion In Commitments Raised For Global Credit Strategy

By Amit Chowdhry ● Feb 4, 2025

Balbec Capital - an alternative investment manager with over $16 billion in platform assets - announced the final closing of InSolve Global Credit Fund VI (IGCF VI), which between the flagship fund and related vehicles raised over $1.7 billion in equity commitments, making this Balbec's largest fundraise cycle to date. And Balbec received strong support from both existing clients and new investor relationships globally, such as sovereign wealth, pension funds, insurance companies, consultants, and multi-family offices. Balbec also anticipates additional capital commitments to finalize the strategy this year.

Northlight Capital: $56 Million Loan Originated For Development Land In Colorado

By Amit Chowdhry ● Feb 4, 2025

Northlight Capital Partners, a middle-market real estate credit specialist and fund manager, announced it has originated a $56 million loan to fund the acquisition, horizontal development and infrastructure of 134 acres of residential and commercial land in Steamboat Springs, Colorado.

Lieef: Initial Set Of Capital Commitments Closed For Inaugural Fund

By Amit Chowdhry ● Feb 4, 2025

Lieef, a private equity firm focused on emerging infrastructure, announced it has officially closed the initial set of capital commitments into its inaugural fund (Lieef GP Capital Fund). Named for an approach towards investing principally, the fund centers on project and corporate investments into emerging infrastructure opportunities with the capability to invest in both companies and projects and as a control or minority investor. While limited, the fund currently can deploy tax equity alongside cash equity for strategically essential opportunities.

Blue Sage Capital: $618 Million Closed For Fund IV

By Amit Chowdhry ● Feb 4, 2025

Blue Sage Capital, a leading lower-middle market private equity firm, announced the final closing of Blue Sage Capital IV at $618 million, including a substantial commitment from the General Partner. This fund was significantly oversubscribed, closing above its initial target of $400 million, initial hard cap of $550 million, and more than double its $300 million prior fund size.

KKR To Buy Dawsongroup

By Amit Chowdhry ● Jan 29, 2025

Dawsongroup (a leading independent asset leasing business that provides a wide range of business solutions) and investment firm KKR announced that KKR has entered into a binding agreement with Dawsongroup shareholders to acquire the group. This deal will be made as part of KKR’s Global Climate strategy, which is dedicated to scaling net-zero solutions and transitioning and decarbonizing higher emitting assets, closely aligning with Dawsongroup’s long-term sustainability-led ambitions.

Latticework And Edgehill Management Sign Partnership With Life Science Connect

By Amit Chowdhry ● Jan 29, 2025

Latticework Capital Management (LCM), a private equity firm focused on partnering with entrepreneurially-minded management teams to build successful healthcare companies, and Edgehill Management, a private investment firm focused on partnering with entrepreneurs and management teams, announced a strategic investment in Life Science Connect (LSC).

McWin: Guillaume Charlin Named As Managing Partner

By Amit Chowdhry ● Jan 28, 2025

McWin Capital Partners - a specialist private equity and venture capital firm dedicated to the food ecosystem - announced the appointment of Guillaume Charlin as Managing Partner.

Thoma Bravo: Credit Fund III Closed At $3.6 Billion

By Amit Chowdhry ● Jan 26, 2025

Thoma Bravo announced the completion of fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. And this represents the firm's largest credit pool of capital to date and underscores the continued leadership and success of the Thoma Bravo Credit platform.