Private Equity

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.

VCFA Group: Venture Partners VII Fund Closed With $122.5 Million In Commitments

By Amit Chowdhry ● Jan 25, 2025

VCFA Group, a pioneer in the secondary private equity industry, announced the closing of its latest fund VCFA Venture Partners VII, L.P. (VCFA VP VII), with capital commitments totaling $122.5 million. This fund continues VCFA's leadership in the secondary market, focusing on smaller and more complex purchases of later-stage venture capital and growth equity assets.

Origis Energy: Over $1 Billion Strategic Investment Raised From Brookfield And Antin

By Amit Chowdhry ● Jan 25, 2025

Origis Energy, which is one of America's leading renewable energy platforms, announced a new strategic investment from Brookfield Asset Management Ltd. alongside new commitments from existing sponsor, Antin Infrastructure Partners, which could exceed $1 billion in the aggregate.

Colbeck Capital: $700 Million Closed For Vintage Strategic Lending Fund

By Amit Chowdhry ● Jan 25, 2025

Colbeck Capital Management - a leading middle-market private credit firm focused on strategic lending - announced that it has raised $700 million in capital commitments for the third flagship fund, Colbeck Strategic Lending III, exceeding its target by 40%.

Hildred Capital: Equity Partners III Fund Closed At Over $800 Million

By Amit Chowdhry ● Jan 25, 2025

Hildred Capital Management - a lower middle-market healthcare private equity firm - announced the final closing of its third fund, Hildred Equity Partners III. This fund was significantly oversubscribed, exceeding its $600 million target and hitting its hard cap in seven months. With total capital commitments over $800 million, the fund represents more than double the size of its predecessor fund, Hildred Equity Partners II, which closed in 2021 with $363 million of capital commitments.

Ardian: $30 Billion Raised For Ninth-Generation Secondaries Platform

By Amit Chowdhry ● Jan 25, 2025

Ardian, a leading private investment house, announced that it has raised $30 billion for its ninth-generation secondaries platform, making it the largest secondaries fundraise globally to date and solidifying Ardian’s leadership of the secondaries market. And this represents a significant increase over the $19 billion raised for Ardian’s eighth-generation platform in 2020 and brings Ardian’s Secondaries & Primaries Assets Under Management to $97 billion.

Healthfuse: Strategic Investment Raised From InTandem Capital

By Amit Chowdhry ● Jan 22, 2025

InTandem Capital Partners, a healthcare services-focused private equity firm, announced that it has completed a strategic equity investment in Healthfuse, the industry leader in revenue cycle vendor management.

Cohere Capital: Fund II Closed With Over $215 Million And Strategic Partnership With TPG Signed

By Amit Chowdhry ● Jan 22, 2025

Cohere Capital Partners - a Boston-based private equity firm focused on investing in leading tech-enabled lower middle market companies - announced that it has closed Cohere Capital Fund II with over $215 million in commitments. And the firm has also received a strategic minority investment from TPG NEXT, TPG’s strategy focused on seeding and scaling the next generation of investment firms.