Private Equity

Accelerate Infrastructure Opportunities: $780 Million Raised To Accelerate Real Estate Investments

By Amit Chowdhry ● Nov 8, 2024

Accelerate Infrastructure Opportunities announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization.

Blackstone: First Close Of Evergreen Institutional U.S. Direct Lending Fund With $22 Billion of Investable Capital

By Amit Chowdhry ● Nov 8, 2024

Blackstone announced the final closing of the first series of its evergreen institutional U.S. direct lending fund Blackstone Senior Direct Lending Fund (BXD). And Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding the $10 billion target. This brings Blackstone’s global direct lending platform to over $123 billion in assets under management as of the third quarter.

Inverness Graham: Green Light Fund Closed At Above Target Of $238 Million

By Amit Chowdhry ● Nov 8, 2024

Inverness Graham, a Philadelphia-based buyout firm focused on buying companies where technology is transforming traditional industry, announced the final closing of the Inverness Graham Green Light Fund at $238 million, exceeding its $200 million target.

eRESI: Additional Funding Raised From KKR

By Amit Chowdhry ● Nov 7, 2024

eRESI Capital - a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market - announced that it has secured a new investment from insurance accounts managed by KKR. These insurance accounts had initially invested in eRESI in 2021.

Berkshire Partners: Fund XI Closed With About $7.8 Billion In Commitments

By Amit Chowdhry ● Nov 7, 2024

Berkshire Partners—a Boston-based private equity firm focused on the middle market—announced the closing of Berkshire Fund XI with about $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI was meaningfully oversubscribed, which the firm believes emphasizes investors support for the firm’s multi-sector middle market investment strategy.

Saw Mill Capital: $435 Million Fund III Closed For Driving Growth Of Lower Middle-Market Companies

By Amit Chowdhry ● Nov 7, 2024

Saw Mill Capital, a middle-market private equity firm focused on partnering with North American industrial services, professional services, and engineered products companies, announced the final closing of its $435 million Saw Mill Capital Partners III, LP. Fund III's diverse investor base includes insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers and funds-of-funds across North America, Europe and around the globe.

Hightower: Strategic Investment In $1.1+ Billion Wealth Management Team FPIS

By Amit Chowdhry ● Nov 5, 2024

Hightower announced that it has invested strategically in Financial Planning and Information Services (FPIS), a wealth management and financial planning team in De Pere, WI, with over $1.1 billion in assets under management.

L2 Point Management: Nearly $460 Million Raised For Structured Equity Strategy

By Amit Chowdhry ● Nov 4, 2024

L2 Point Management, a private investment firm that provides innovative capital solutions to growth-stage companies, announced the closing of its inaugural structured equity fund, L2 Point Opportunities I, L.P., at about $312 million, surpassing its $300 million target. The fund’s capital (combined with capital raised by L2 Point for related co-investment vehicles) totals nearly $460 million.

Trivest: Growth Investment Fund III Closes With $730 Million Of Capital Commitments

By Amit Chowdhry ● Nov 4, 2024

Trivest Partners announced the closing of Trivest Growth Investment Fund III at $730 million of total capital commitments. TGIF III was oversubscribed primarily due to the strong support of Trivest’s current investor base and was largely completed in a single close, less than 60 days from the initial launch.

Greenridge Growth Partners: Fund II Closed At $255 Million

By Amit Chowdhry ● Nov 4, 2024

Greenridge Growth Partners - a private equity firm that invests in growing bootstrapped software companies - announced it has raised its second fund with $255 million in new capital commitments. And Greenridge Growth Partners II, L.P. was significantly oversubscribed and closed within one year of launch.

Altriarch: $70 Million In Commitments Raised From State of Wisconsin Investment Board

By Amit Chowdhry ● Oct 27, 2024

Private credit firm Altriarch Asset Management announced a $70 million commitment from the State of Wisconsin Investment Board (SWIB). This investment allocates $20 million for Altriarch's Specialty Finance Strategy, launched in August 2023. The strategy seeks to deploy capital through a network of secured finance operators across the US.

Quinbrook Signs Tesco And Shell Offtake Agreements From UK’s Largest Consented Solar + Battery Storage Project

By Amit Chowdhry ● Oct 21, 2024

Quinbrook Infrastructure Partners (a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition) announced two long-term offtake agreements with Tesco and Shell covering 100% of the solar power generation from its Cleve Hill Solar Park (“Cleve Hill”). Cleve Hill, a 373MW solar + 150MW battery storage project, is the largest ever constructed in the UK and is due to commence operations in early 2025.

Emerald Lake Capital Management Adds New Investment Team Members

By Amit Chowdhry ● Oct 19, 2024

Emerald Lake Capital Management announced three recent additions to the firm's investment team: Stephen Burhenn has joined from Ares Management, Derrick Lee has joined from Cinven, and Katie Slodzinski has joined from Goldman Sachs.

Renovus Capital Partners: Fourth Private Equity Fund Closed At $875 Million

By Amit Chowdhry ● Oct 17, 2024

Renovus Capital Partners - a Philadelphia-area private equity firm - announced the closing of its fourth private equity fund Renovus Capital Partners IV Core Buyout, L.P., which was significantly oversubscribed with total capital commitments of $875 million.

Mill Point Capital: Fund III Closed At $1.7 Billion

By Amit Chowdhry ● Oct 16, 2024

Mill Point Capital, a New York City-based private equity firm, announced the final closing of Mill Point Capital Partners III, L.P. And with about $1.7 billion of total capital commitments closed in less than five months from launch, Fund III, consistent with its predecessor funds, was oversubscribed and closed at the hard cap.

Angeion Group Raises Majority Investment From Renovus Capital Partners

By Amit Chowdhry ● Oct 15, 2024

Renovus Capital Partners, a private equity firm based in Philadelphia, announced that it has acquired a majority stake in class action case management solutions provider Angeion Group. Angeion founder and CEO Steven Weisbrot and senior members of the management team have maintained a significant ownership stake in the company and will continue to drive the platform's growth in partnership with Renovus.

POLARIS Laboratories Raises Strategic Investment From Riverspan Partners

By Amit Chowdhry ● Oct 13, 2024

POLARIS Laboratories - an industry leader in fluid analysis testing and reliability services - announced it has received a strategic investment from Riverspan Partners, a Chicago-based private equity firm specializing in growth-oriented investments in the industrial sector. And Riverspan’s support will bring expertise for POLARIS to advance its position as the independent global leader in maintenance and reliability condition monitoring services.

BlackRock Now Managing Record $11.5 Trillion Of Assets

By Amit Chowdhry ● Oct 11, 2024

BlackRock announced it reported a record $11.5 trillion of assets under management (AUM) for the third quarter. This is up from $9.1 trillion one year ago and $10.6 trillion in the last quarter.

Thompson Street Capital Acquiring Green Mango Pest Control

By Amit Chowdhry ● Oct 10, 2024

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced the acquisition of Green Mango Pest Control by PestCo Holdings, a growth-oriented, national provider of pest control services to residential and commercial customers and a TSCP portfolio company. Launched in 2011, Green Mango has provided residential pest control services in the Phoenix, Arizona area for over ten years.

Shore Capital Partners: Nearly $2 Billion Closed For Three Funds, With AUM Hitting $9.1 Billion

By Amit Chowdhry ● Oct 10, 2024

Shore Capital Partners - a private equity firm focused on lower-middle market investments - announced the closing of its inaugural Healthcare Advantage Fund, second Business Services Partners Fund, and first Shore Search Partners Fund. These three funds each exceeded their targets and together represent over $1.9 billion in commitments, bringing the firm’s assets under management to $9.1 billion.

Automated Industrial Robotics Buying Ireland-Based Robotics & Drives

By Amit Chowdhry ● Oct 10, 2024

Automated Industrial Robotics announced the acquisition of Robotics & Drives (RDS), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The deal further reinforces AIR’s presence in Europe, strengthens the company’s ability to integrate robotics solutions into its automated systems, and adds to the product portfolio. The deal was funded primarily by an additional Ares Management Private Equity fund investment. The terms of the transaction were not disclosed.

Butterfly Equity Buying Luxury Wine Company The Duckhorn Portfolio For $1.95 Billion

By Amit Chowdhry ● Oct 10, 2024

The Duckhorn Portfolio, which is North America’s premier luxury wine company, and Butterfly Equity (a Los Angeles-based private equity firm specializing in the food and beverage sector) announced that they have entered into a definitive agreement, pursuant to which Duckhorn will be acquired by private equity funds managed by Butterfly in an all-cash transaction that values the company at approximately $1.95 billion.

Summit Partners: $9.5 Billion Raised For Twelfth U.S. Growth Equity Fund

By Amit Chowdhry ● Oct 7, 2024

Global growth equity investment firm Summit Partners announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be Summit XII's largest investor.

Turnspire Capital Partners To Buy GHP Group

By Amit Chowdhry ● Oct 6, 2024

Turnspire Capital Partners announced that an affiliate has acquired GHP Group, a leading designer and supplier of consumer outdoor living and indoor heating products. Based in Niles, Illinois, GHP is a prominent leader in designing, sourcing, and supplying patio heaters, fireplaces, portable heating products, barbecue grills, and water dispensers under a portfolio of well-recognized brands, including Dyna-Glo, Bond, Pleasant Hearth, and Vitapur.

ICE USA Acquires Robert G. Campbell & Associates

By Amit Chowdhry ● Oct 6, 2024

Godspeed Capital Management - a lower middle market Architecture, Engineering, & Consulting (AEC) and government services-focused private equity firm - announced the acquisition of Robert G. Campbell & Associates (RGC&A) by ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The deal marks the second addition to Godspeed’s expanding ICE USA platform and deepens its surveying, civil engineering, and construction management capabilities for public works and transportation agency customers within the highly attractive Tennessee market.

LGT Capital: Crown Global Secondaries VI Fund Closed At Over $7 Billion

By Amit Chowdhry ● Oct 6, 2024

LGT Capital Partners announced it has completed the final closing of its flagship secondaries fund, Crown Global Secondaries VI (CGS VI), surpassing the original target size of $6 billion.

H.I.G. Capital: Acquisition Of SkinCure Oncology Completed

By Amit Chowdhry ● Oct 6, 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 completed the acquisition of SkinCure Oncology Intermediate, a leading provider of image-guided superficial radiation therapy (IG-SRT) solutions.

Ansley Park Capital: $200 Million In Funding Surpassed In Q1

By Amit Chowdhry ● Oct 4, 2024

Ansley Park Capital, a premier lending and specialty finance platform, announced a major milestone in its first full quarter. The company has funded $200 million across various industries, bringing the total originations to over $250 million since its inception.

Prospect Partners: Oversubscribed Fund V Closed At $225 Million Hard Cap

By Amit Chowdhry ● Oct 3, 2024

Prospect Partners, a leading pre-lower-middle market private equity firm, announced the final closing of Prospect Partners Fund V at its hard cap of $225 million. This oversubscribed Fund hit its hard cap after nine months in the market.

Thoma Bravo To Buy Majority Stake in USU Product Business

By Amit Chowdhry ● Oct 3, 2024

Leading software investment firm Thoma Bravo announced the acquisition of a majority stake in USU Product Business. Combining Thoma Bravo's extensive experience and global software investment expertise with USU's product portfolio is expected to accelerate the company's growth trajectory and enhance its ability to deliver innovative solutions to customers. And USU Product will continue to operate under the leadership of its existing management team. Benjamin Strehl, currently Co-CEO of USU Software AG, will become CEO of USU Product and Bernhard Oberschmidt will join the board of directors.