Private Equity

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.

Monomoy Capital Partners: Oversubscribed Fund V Closed At $2.25 Billion

By Amit Chowdhry ● Jul 9, 2024

Monomoy Capital Partners, a middle market-focused private investment firm, announced the closing of its fifth private equity fund (Fund V). And Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.

North Sky Capital Secures $250 Million For Impact Secondaries Fund

By Amit Chowdhry ● Jul 9, 2024

North Sky Capital announced the closing of its latest impact secondaries fund called Clean Growth VI (CG VI), with $250 million of commitments. The investors include prominent pension plans, foundations, wealth management platforms, and family offices from across the United States, Canada, Brazil, Singapore, and the UK/Europe.

Columna Capital: Fund III Closed At €290 Million

By Amit Chowdhry ● Jul 8, 2024

Columna Capital announced it has successfully closed Columna Capital Fund III. This marks the third and largest fund capital raise since Columna Capital’s maiden fund launched in 2016.

Stripes Beauty Acquired By L Catterton And Actress Naomi Watts

By Amit Chowdhry ● Jul 8, 2024

Naomi Watts (actress and women’s health advocate) and L Catterton (a leading consumer-focused investment firm) announced a partnership in the acquisition of Stripes Beauty. Launched in 2022, Stripes Beauty was founded by actress Naomi Watts with the goal of normalizing conversations about menopause and other symptoms associated with natural hormonal changes.

Create Music Group Raises $165 Million Investment Led By Flexpoint Ford

By Amit Chowdhry ● Jul 7, 2024

Create Music Group, a fast-growing music and entertainment company, announced a $165 million investment led by private equity investment firm Flexpoint Ford.

Elsewhere Partners: Fund III Closed At $285 Million

By Amit Chowdhry ● Jul 6, 2024

Elsewhere Partners announced the closing of Elsewhere Partners III, L.P. (EP Fund III), with $285 million in additional capital focused on majority investments in growth-ready B2B software companies.

The Westly Group Raises Oversubscribed $100 Million Seed Fund

By Amit Chowdhry ● Jul 3, 2024

The Westly Group announced it successfully raised an oversubscribed $100 million seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors that make up more than 50% of the world’s GDP.

Astorg: Pan-European Private Equity Firm Brings In Two Senior Hires

By Amit Chowdhry ● Jul 3, 2024

Astorg, a leading pan-European private equity firm, continues strengthening its investment team with two senior hires: Chris Benson will join the firm in early July as a Partner for the Mid-Cap Fund, leading the Business Services sector across Europe and responsible for coverage in the UK, and Daniel Pang will join the Healthcare team as a Managing Director for the Flagship Fund.

Hamilton Lane: Secondary Fund VI Closed At $5.6 Billion In Commitments

By Amit Chowdhry ● Jul 3, 2024

Leading private markets investment management firm Hamilton Lane announced the final closing of Hamilton Lane Secondary Fund VI with $5.6 billion in commitments, marking the largest fundraiser in the firm's history.

NXT Capital: Strategic Partnership With Cresset Partners

By Amit Chowdhry ● Jul 2, 2024

NXT Capital, a subsidiary of ORIX USA, announced it has entered into a strategic investment partnership with Cresset Partners. Cresset is the private investment arm of Cresset Capital, a $50 billion wealth management and multi-family office platform. The bespoke program provides individuals and family offices on Cresset’s platform with access to direct private lower middle market investment opportunities.

IGM Technology: Strategic Growth Investment Raised From Lead Edge Capital

By Amit Chowdhry ● Jul 2, 2024

IGM Technology, a provider of financial software to state and local governments, announced a strategic growth investment from Lead Edge Capital. IGM has experienced significant revenue growth since the adoption of its leading disclosure management, budgeting, and reporting software solutions.

Summit Partners: Morgan Buehler Zanotti Joins As Executive-In-Residence

By Amit Chowdhry ● Jul 1, 2024

Summit Partners announced it has welcomed Morgan Buehler Zanotti to the firm’s Executive-in-Residence (EIR) program. In this role, Zanotti will work closely with Summit’s Growth Products & Services team to identify new investment opportunities and advise growth-stage companies in the functional foods and health/wellness sectors.

Diamond Landscaping Raises Strategic Investment From Kian Capital

By Amit Chowdhry ● Jul 1, 2024

Lower-middle-market-focused private investment firm Kian Capital Partners announced its partnership with Diamond Landscaping. Kian partnered with Founder and CEO Brian Diamond in December 2021 and has since completed a multitude of strategic growth initiatives to enhance service capabilities, expand the leadership team, and continually invest in the Diamond Landscaping platform.

Martis Capital: Beth Dresdale Named As Principal And New Miami Office Opened

By Amit Chowdhry ● Jul 1, 2024

Martis Capital has opened an office in Miami and the firm hired two senior team members. Beth Dresdale joined the firm as a principal on the value creation team and it is now based in the Miami office. Before Martis Capital, Dresdale was a principal focused on value creation at Incline Equity Partners.

Omni Federal: Strategic Investment Raised From Madison Dearborn Partners

By Amit Chowdhry ● Jun 28, 2024

Madison Dearborn Partners (MDP), a leading private equity investment firm based in Chicago which has raised aggregate capital of over $31 billion since 1992, announced that funds affiliated with MDP have made a strategic investment in Omni Federal. Omni is a founder-led and high-growth provider of innovative and intuitive mission and enterprise software solutions to the U.S. Department of Defense (DoD) and the Intelligence Community (IC). The members of Omni’s management team will retain a significant ownership position and continue to lead the company.

Altimetrik Raises Significant Strategic Investment From TPG

By Amit Chowdhry ● Jun 28, 2024

Digital business company Altimetrik announced that it has signed a definitive agreement for TPG to make a majority investment in the company.

Carlyle Launches New Evergreen Private Equity Strategy

By Amit Chowdhry ● Jun 28, 2024

Global investment firm Carlyle announced the launch of a new evergreen private equity strategy Carlyle AlpInvest Private Markets SICAV (CAPM SICAV), offering investors worldwide – except the US – access to a global portfolio of private markets investments by leveraging Carlyle's Global Investment Solutions business AlpInvest.

Kinderhook Industries: $2.75 Billion Closed For Oversubscribed Eighth Fund

By Amit Chowdhry ● Jun 28, 2024

Kinderhook Industries announced the final closing of Kinderhook Capital Fund 8, L.P. with total capital commitments of $2.75 billion, inclusive of $250 million in commitments from the general partner and its operating partner network. And after holding a first close in April 2024, the Fund 8 exceeded its target of $2.0 billion and was significantly oversubscribed.

Indus Valley Partners: Strategic Growth Investment Raised From PPC Enterprises

By Amit Chowdhry ● Jun 27, 2024

Indus Valley Partners (IVP), a global provider of software and technology solutions to sophisticated investment managers, announced it has secured a strategic minority growth investment from PPC Enterprises (PPC), a specialist middle-market private equity firm. The terms of the agreement were not otherwise disclosed.

KKR Buys $2.1 Billion Multifamily Portfolio From Quarterra

By Amit Chowdhry ● Jun 26, 2024

Leading global investment firm KKR announced that it acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for about $2.1 billion.

HPS Investment Partners: Over $21 Billion Raised For Specialty Loan Fund VI

By Amit Chowdhry ● Jun 26, 2024

HPS Investment Partners, a leading global credit investment firm with about $114 billion of assets under management (AUM), announced the final close of Specialty Loan Fund VI (SLF VI), with $21.1 billion in investable capital.

TPG: Significant Strategic Growth Investment In K2 Medical Research

By Amit Chowdhry ● Jun 25, 2024

Leading global alternative asset management firm TPG announced a significant strategic growth investment in K2 Medical Research, an integrated clinical trial site platform specializing in central nervous system (CNS) trials for leading pharma and biotech sponsors. And TPG is partnering with K2’s management team to continue building a sophisticated research platform. The terms of the deal were undisclosed.

Tiger Infrastructure Partners Fund III: Growth Capital Closed With Acquisition Of Unison Energy

By Amit Chowdhry ● Jun 25, 2024

Tiger Infrastructure Partners, a middle market growth infrastructure investor, announced the acquisition of Unison Energy, a fully integrated Energy-as-a-Service (EaaS) platform that offers behind-the-meter microgrid solutions, including comprehensive power, heating, and cooling solutions to a wide array of end-markets in North America.

KKR Buying Superstruct From Providence Equity Partners

By Amit Chowdhry ● Jun 25, 2024

Global investment firm KKR announced the acquisition of Superstruct Entertainment from Providence Equity Partners, a premier private equity firm specializing in growth-oriented investments in media, communications, education, and technology. The financial terms of the transaction were not disclosed.

Transtar Holding Acquiring Aftermarket Parts Company PPi Automotive

By Amit Chowdhry ● Jun 24, 2024

Blue Point Capital Partners and its portfolio company Transtar Holding Company announced the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor. The deal marks Transtar Holding Company’s third general repair acquisition and fourth acquisition overall since February 2023.

RSK Brings In Strategic Investment From Searchlight Capital Partners And Ares Management

By Amit Chowdhry ● Jun 23, 2024

RSK Group Limited, a leader in the delivery of sustainable solutions, announced it has entered into an agreement to receive a £500 million preferred equity investment from a consortium led by Searchlight Capital Partners, L.P. and Ares Management Corporation funds. Ares has also committed an incremental £300 million debt facility to further support RSK’s growth plans, bringing total available debt facilities provided by Ares to £1.4 billion.

Partners Group Passes Target Of $15 Billion In Commitments

By Amit Chowdhry ● Jun 23, 2024

Partners Group, one of the largest firms in the global private markets industry, announced it surpassed its target of $15 billion in client commitments for its fifth direct private equity program. This program comprises commitments to Partners Group's fifth direct private equity fund, Partners Group Direct Equity V, and to the bespoke client solutions and open-ended funds that allocate to the same direct private equity strategy.