Private Equity

Carlyle: JPY 430 Billion Raised For Fifth Japanese Buyout Fund

By Amit Chowdhry ● Jun 3, 2024

Global investment firm Carlyle announced the final closing of its fifth Japanese buyout fund, Carlyle Japan Partners V (CJP V). At JPY 430 billion (about $2.8 billion), which includes commitments from the General Partner and its affiliates, CJP V hit the hard cap on Limited Partner commitments. This represents the largest fundraise for a buyout strategy focused on the Japanese market.

Eir Partners: Oversubscribed $496 Million Investment Program II Closed

By Amit Chowdhry ● Jun 3, 2024

Eir Partners Capital, a middle market private equity firm focused on healthcare technology and tech-enabled services, announced the final closing of Eir Partners Investment Program II with $496 million in capital commitments.

Paceline Equity Partners: $780 Million Closed For Opportunity Fund II

By Amit Chowdhry ● Jun 3, 2024

Dallas-based private equity manager Paceline Equity Partners announced the final closing of Paceline Equity Partners Opportunity Fund II with total commitments of $780 million, significantly exceeding the fund’s $500 million target and representing a 125% increase over the size of its predecessor fund. So far, Paceline has raised nearly $1.5 billion in equity commitments between Funds I and II, and affiliated co-investment vehicles.

Churchill Asset Management And Dawson Partners: $425 Million Structured Liquidity Solution Transaction Completed

By Amit Chowdhry ● May 29, 2024

Churchill Asset Management (an investment-specialist affiliate of Nuveen focused on middle-market private debt and private equity solutions) and Dawson Partners (a global alternative asset manager focused on providing innovative structured solutions to the private markets) announced the closing of a $425 million transaction.

PosiGen: Second Funding Commitment From Brookfield Brings Total Funding To $400 Million

By Amit Chowdhry ● May 28, 2024

PosiGen, the nation's leading provider of renewable energy and energy efficiency solutions for underserved communities and a certified Public Benefits Corporation (PBC), announced that a direct lending infrastructure fund managed by Brookfield Asset Management has expanded upon its funding commitment with $150 million more. Brookfield and PosiGen started working together in 2023. This investment (now totaling $400 million) strengthens the ability to bring savings and clean energy to more homeowners.

KKR: $300 Million Corporate Credit Facility To Origis Energy Provided

By Amit Chowdhry ● May 28, 2024

Leading global investment firm KKR and Origis Energy (a leading renewable energy and decarbonization solution platform) announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis. The proceeds from the facility will support the continued development and construction of Origis’ pipeline of solar and storage projects.

Classic Football Shirts: $38.5 Million In Growth Equity Raised From The Chernin Group

By Amit Chowdhry ● May 26, 2024

Classic Football Shirts (a global hub to buy authentic soccer shirts) and The Chernin Group (TCG), a multi-stage investment firm known for building and growing consumer businesses, announced an investment from TCG that will fuel aggressive and immediate global expansion plans. Focused on North America, one of the brand’s fastest-growing markets representing just 15% of the overall business today, TCG’s investment highlights the market opportunity linked to the rising global interest in football (soccer) culture.

Vitruvian Partners: Strategic Growth Investment In Aduro Advisors

By Amit Chowdhry ● May 24, 2024

Aduro Advisors, a leading fund administrator to VC and PE firms, announced it has secured a strategic growth investment from Vitruvian Partners, a leading global growth-focused investment firm. And Aduro’s leadership team and existing shareholder PPC Enterprises (PPC) will retain a significant investment in Aduro going forward.

Peterson Partners: $265 Million Closed For Tenth Private Equity Fund

By Amit Chowdhry ● May 23, 2024

Peterson Partners revealed that its private equity business, Peterson Private Equity, has closed $265 million in Fund X. Fund X is focused on investing $10 million to $25 million in entrepreneurs and management teams in profitable and growth-oriented companies.

Blackstone Buying Majority Stake In Priority Software

By Amit Chowdhry ● May 21, 2024

Blackstone announced that Blackstone Growth and affiliated funds have entered into a definitive agreement to buy a majority stake in Priority Software, a leading provider of mission-critical business software. And Blackstone’s investment will help build on the company’s position in the ERP software market and support its further growth across industries and markets.

NewVale Capital: $167 Million Fund Closed To Invest In Life Science Industry

By Amit Chowdhry ● May 21, 2024

NewVale Capital, a Boulder-based growth equity firm that is focused on investments in the services architecture underpinning the life science industry, announced the final closing of its inaugural fund. This oversubscribed $167 million fund will accelerate the growth of proven pharmaceutical services companies that are essential in bringing medicines to patients.

Clarion Capital: Jeff Sipos Named As General Counsel And Chief Administrative Officer

By Amit Chowdhry ● May 20, 2024

Clarion Capital Partners announced that Jeff Sipos returned to the firm as General Counsel and Chief Administrative Officer. Sipos previously worked at Clarion from 2011 to 2015 and brings over two decades of experience across the insurance, finance, and legal industries.

RCP Fund XVIII: About $285 Million In Aggregate Capital Commitments Closed

By Amit Chowdhry ● May 20, 2024

RCP Advisors, a private equity investment firm that offers access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII. This fund closed on about $285 million in aggregate commitments.

FalconPoint Partners: Over $250 Million Invested In JENNMAR

By Amit Chowdhry ● May 20, 2024

FalconPoint Partners, a PE firm focused on investing in North American middle market companies in the business services and industrials sectors, announced its inaugural investment in JENNMAR, a leading global provider of infrastructure products and specialized services to the civil infrastructure, solar, mining, and construction industries. JENNMAR will continue to be led by CEO Tony Calandra and the rest of its management team. FalconPoint has invested and committed in excess of $250 million of equity to support the JENNMAR’s expansion and global growth.

Jolt Capital: Meriem Smida Named As Managing Director UK

By Amit Chowdhry ● May 20, 2024

Jolt Capital, a leading private equity firm specializing in European growth deep technology, announced the appointment of Meriem Smida as Managing Director UK.

Fortress Management And Mubadala Complete Fortress Investment Acquisition

By Amit Chowdhry ● May 19, 2024

Fortress Investment Group and Mubadala Investment Company—through its wholly-owned asset management subsidiary Mubadala Capital—announced that they had completed the previously announced acquisition of SoftBank Group's 90.01% equity in Fortress. The terms of the deal were not disclosed.

Permira Taking Squarespace Private In $6.9 Billion All-Cash Deal

By Amit Chowdhry ● May 18, 2024

Squarespace, a design-driven platform helping entrepreneurs build brands and businesses online, announced that it has entered into a definitive agreement to go private by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.

CoreWeave: $7.5 Billion Debt Financing Facility Signed

By Amit Chowdhry ● May 17, 2024

AI hyperscaler company CoreWeave announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. The participation in the funding also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp. This new funding will be used to develop further CoreWeave's growing fleet of high-performance computing to execute existing contracts with leading enterprise customers and AI innovators.

Vance Street Capital: Fund IV Closed At Hard Cap Of $775 Million

By Amit Chowdhry ● May 17, 2024

Vance Street Capital, an LA-based private equity firm focused on investments in North America-based companies that provide highly engineered solutions to their customers, announced the first and final close of Vance Street Capital IV. Fund IV began marketing in January 2024 with a target of $550 million. It was significantly oversubscribed and closed in April 2024 at its hard cap of $775 million.

Silver Lake: $20.5 Billion Closed For SLP VII Fund

By Amit Chowdhry ● May 16, 2024

Technology investment firm Silver Lake announced a final closing on Silver Lake Partners VII at $20.5 billion in capital commitments, which topped the prior flagship fund. Over the past five years, Silver Lake has raised $47 billion in aggregate to create value by partnering with exceptional founders and management teams to build and grow great companies driven by technology at scale.

TPG: Nearly $8 Billion Raised For Asian Private Equity And Real Estate

By Amit Chowdhry ● May 15, 2024

Leading global alternative asset management firm TPG has closed its eighth Asia-focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund, since the firm completed the acquisition of TPG Angelo Gordon last year.

Blue Wolf Capital: William MacColl Named As Director Of Investor Relations

By Amit Chowdhry ● May 15, 2024

Blue Wolf Capital Partners, a middle market private equity firm specializing in the industrial and healthcare sectors, announced that William MacColl has joined the firm as Director of Investor Relations. Before joining Blue Wolf, he was Director of North America Investor Relations for European private equity platform IK Partners.

Innova Capital: Seventh Fund Closed At €407 Million

By Amit Chowdhry ● May 14, 2024

Innova Capital, a leading private equity firm based in Central Europe, announced it has successfully closed its latest fund - Innova/7, raising €407 million. This milestone stands as a major milestone in Innova's history as the latest fund surpassed the initial target of €350 million and the hard cap of €400 million.

Sikich: Tech-Enabled Professional Services Company Raises $250 Million From Bain Capital

By Amit Chowdhry ● May 13, 2024

Sikich, a global technology-enabled professional services company, today announced it has received a minority growth investment of $250 million from Bain Capital. This funding positions Sikich to utilize Bain Capital’s resources while accelerating continued and aggressive growth, enhancing operational excellence, and solidifying its professional services leadership position in an industry undergoing rapid consolidation.

Bernhard Capital: Jeff Baudier Named As Senior Managing Director

By Amit Chowdhry ● May 9, 2024

Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, announced that Jeff Baudier has rejoined the firm as a Senior Managing Director. He will focus primarily on leading and supporting the firm's infrastructure-related investment activities.

Stockbridge: Final Closing Of Fifth Valued-Add Fund At $709 Million

By Amit Chowdhry ● May 9, 2024

Stockbridge announced the final closing of the fifth fund (the "Fund") within its closed-end value-add series for $709 million in capital commitments. The final closing, held on April 19, 2024, marks the largest capital raise in the fund series' history.

Palm Beach Capital: Over $350 Million Raised For Sixth Fund

By Amit Chowdhry ● May 9, 2024

Middle market private equity firm Palm Beach Capital announced that it has closed Palm Beach Capital Fund VI, L.P., which is its sixth private equity fund dedicated to partnering with founders, business owners, and management teams in key sector focus areas. Fund VI surpassed $350 million, significantly surpassing its target of $275 million.

Latticework Capital Management: LCM Healthcare Fund II Closed At Over $345 Million

By Amit Chowdhry ● May 8, 2024

Latticework Capital Management (LCM), a growth-oriented private equity firm focused exclusively on making control equity investments in the healthcare industry, announced the final closing of LCM Healthcare Fund II. With total commitments of $345 million, Fund II exceeded the $275 million target. And it added a diverse group of global investors, including leading endowments, family offices, and funds of funds.

Apiary Capital: Second Fund Closed Above Target At £240 Million

By Amit Chowdhry ● May 7, 2024

Apiary Capital Managing Partner Mark Salter announced the firm has closed a second fund, Apiary Capital Partners II, at £240 million, which was substantially above the target. The fund had received significant support from existing LPs and welcomed several new institutional investors. The Fund II LP base includes endowments, foundations, public and private pensions, consultants, funds of funds, and family offices, with around 60% of investors from the US and the balance from the UK and Europe.

CVC Credit: Cordatus XXXI Closed At Over €440 Million

By Amit Chowdhry ● May 7, 2024

CVC Credit, CVC Capital Partners' €40 billion global credit management business, announced it has successfully closed Cordatus XXXI, its fourth new Collateralized Loan Obligation (CLO) of the year, worth over €440 million.