Private Equity

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

TPG Rise Climate Buying Emissions Reduction Company MIRATECH

By Amit Chowdhry ● Sep 10, 2024

TPG Rise Climate - which is the dedicated climate investing strategy of TPG’s global impact investing platform - announced that it has acquired MIRATECH - which is a global market leader in aftermarket emissions and noise reduction technology for stationary industrial engines.

Five Point Energy: Fund IV Closed At $1.4 Billion

By Amit Chowdhry ● Sep 9, 2024

Soluna Holdings: Green Data Center Developer Company Raises $25 Million

By Amit Chowdhry ● Sep 9, 2024

Soluna Holdings, a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that it has entered into a $25 million Standby Equity Purchase Agreement (SEPA) with a fund managed by Yorkville Advisors Global L.P.

PSG Invests In Education Technology Platforms Verity IQ And Campus Ivy

By Amit Chowdhry ● Sep 9, 2024

PSG (a leading growth equity firm specializing in partnering with technology-enabled services companies) announced a strategic growth investment today in two software companies serving career, community, trade, and higher education institutions and their students: Verity IQ and Campus Ivy. Verity IQ is a customer relationship management (CRM) and student information system (SIS) provider. And Campus Ivy is a provider of financial aid solutions.

Harvestone: $205 Million Carbon Capture And Sequestration Tax Equity Financing Closed

By Amit Chowdhry ● Sep 5, 2024

Harvestone Low Carbon Partners, LP (HLCP), which is one of America's leading decarbonization platforms, and a portfolio company of Energy Capital Partners (ECP), announced that it closed a first-of-its kind tax equity financing with Bank of America.

Ara Partners Closes $335 Million Of Non-Recourse Financing For Magnet Manufacturing Facility

By Amit Chowdhry ● Sep 5, 2024

Private equity firm Ara Partners announced the successful closing of a $335 million non-recourse financing of a first-of-its-kind U.S. permanent magnet manufacturing facility, undertaken by Ara Partners and its portfolio company Vacuumschmelze (VAC). This deal marks a vital step in advancing the U.S. domestic supply chain for electric vehicles, aerospace and defense, renewable energy, etc.

Oaktree and AVANA Companies Launch $250 Million JV

By Amit Chowdhry ● Sep 5, 2024

AVANA Companies and funds managed by Oaktree Capital Management L.P. announced the formation of a new $250MM AVANA-Oaktree Private Credit Partnership (AOPCP) for its direct private commercial real estate lending strategy. And through the joint venture (JV), AVANA will use the capital to provide private debt financing in the US over the next three years.

Amtivo Raises Growth Investment From Audax

By Amit Chowdhry ● Sep 4, 2024

Customized equity solutions company Audax Strategic Capital (ASC) has announced an investment in Amtivo, a global B2B provider of accredited certifications and assurance services and a portfolio company of Charterhouse Capital Partners. The terms of the deal were not disclosed.

CenterOak Partners: $1.1 Billion Fund III Closed

By Amit Chowdhry ● Aug 26, 2024

Dallas-based private equity firm CenterOak Partners announced today the closing of CenterOak Equity Fund III, L.P.. This fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion.

Advance Auto Parts Selling Worldpac To Carlyle For $1.5 Billion

By Amit Chowdhry ● Aug 23, 2024

Advance Auto Parts (a leading automotive aftermarket parts provider in North America that serves professional installers and do-it-yourself customers) announced that it has entered into a definitive agreement to sell Worldpac (an automotive parts wholesale distribution business) to funds managed by global investment firm Carlyle for $1.5 billion in cash. This deal is expected to close before the end of the year.

Franklin Templeton’s PE Platform Closes Second Enterprise Tech Growth Equity Fund

By Amit Chowdhry ● Aug 23, 2024

Franklin Templeton announced the successful final closing of its second enterprise technology growth equity fund. This fund is managed by Franklin Venture Partners, the private investing platform of Franklin Templeton’s Franklin Equity Group.

Avantor Selling Clinical Services Unit To Audax In $650 Million Deal

By Amit Chowdhry ● Aug 22, 2024

Avantor (a leading global provider of life sciences products and services) announced the signing of a definitive agreement to divest its clinical services business, including kitting, biorepository, and related equipment and ancillaries (clinical services) to Audax Private Equity, for a deal value of approximately $650 million.

KKR Buys Six Class A Industrial Warehouses In $377 Million Deal

By Amit Chowdhry ● Aug 20, 2024

Global investment firm KKR announced that it has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million.

NextGen Growth Partners Closes $165 Million Fund III

By Amit Chowdhry ● Aug 20, 2024

Chicago-based private investment firm NextGen Growth Partners (NGP) has closed its third fund, NextGen Growth Partners Fund III, LP at its $165 million hard cap. And Fund III was oversubscribed at a first and final close, welcoming capital commitments from new institutional partners alongside continued support from its existing partners.

Vista Equity Partners Buys Enterprise Procurement Company JAGGAER

By Amit Chowdhry ● Aug 17, 2024

Vista Equity Partners announced the acquisition of JAGGAER, a global leader in enterprise procurement and supplier collaboration software, from Cinven. The terms of the transaction were not disclosed.

H.I.G. Capital Affiliate Acquires Axis Europe Limited

By Amit Chowdhry ● Aug 17, 2024

H.I.G. Capital - a leading global alternative investment firm with $64 billion of capital under management - announced that one of its affiliates has acquired Axis Europe Limited, a leading UK provider of property maintenance services, from its founder and owner, John Hayes. Hayes will reinvest alongside H.I.G. and join the board as a non-executive director. The financial terms of the transaction have not been disclosed.

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.