Private Equity

KODE Labs: Autonomous Smart Building Company Raises $30 Million

By Amit Chowdhry ● Apr 16, 2024

KODE Labs, a Detroit-based autonomous smart building startup, announced the closing of a $30 million Series B round. Headed by Maverix Private Equity, this milestone funding round also saw enthusiastic participation from esteemed partners TELUS Ventures and existing investor I Squared Capital. This funding round marks a significant moment for KODE, enabling the company to help buildings worldwide achieve net-zero emissions.

Adams Street Partners: $1 Billion Raised For First Middle Market CLO

By Amit Chowdhry ● Apr 12, 2024

The Private Credit team of Adams Street Partners, a private markets investment firm with over $58 billion in assets under management, announced the final closing of a $1 billion middle market collateralized loan obligation (CLO), ASP Summa. And the CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company, a leading issuer of fixed index annuities.

Lone View Capital: $850 Million Raised For Inaugural Investment Fund

By Amit Chowdhry ● Apr 12, 2024

Growth-oriented private equity firm Lone View Capital announced the closing of its inaugural fund, Lone View Capital Fund I. And Fund I closed with a total committed capital of $850 million, bringing Lone View’s assets under management to about $1.1 billion.

Federated Hermes Invests In Miura Partners’ Dent&Co Fund

By Amit Chowdhry ● Apr 10, 2024

Federated Hermes Private Equity has announced an investment in Miura Partners’ Dent&Co fund. Along with a group of high-caliber institutional investors, including existing and new LPs, Federated Hermes has co-led the transaction alongside other leading secondary investors.

Clarion Capital Partners: Oversubscribed $677 Million Fourth Fund Closed

By Amit Chowdhry ● Apr 10, 2024

Clarion Capital Partners announced it has closed its fourth fund, Clarion Investors IV, L.P., with $677 million in total capital commitments, passing its target of $600 million and its $650 million soft cap. The Fund marks Clarion’s second oversubscribed fund in a row. The firm seeks long-term investment outperformance primarily through partnering in buyouts of lower-middle market companies.

AXA IM To Buy W Capital Partners

By Amit Chowdhry ● Apr 8, 2024

AXA Investment Managers (AXA IM) announced that it has agreed to buy W Capital Management, a US-based private equity firm specializing in GP-led and direct secondary investments. WCP will remain within AXA IM Prime, AXA IM’s fully integrated investment solutions provider across private markets like private equity, private debt, infrastructure, and hedge funds.

SK Capital Partners: Closes Fund VI At $2.95 Billion

By Amit Chowdhry ● Apr 8, 2024

SK Capital Partners, LP announced the final closing of SK Capital Partners VI at $2.95 billion. This fund is the latest vintage of the SK Capital's Flagship private investment strategy.

Grafine Partners: Inaugural Strategy Fund Closes At About $600 Million In Commitments

By Amit Chowdhry ● Apr 8, 2024

Grafine Partners, a private investment firm that accesses differentiated sources of alpha by investing in new firms led by experienced private equity investors, announced that it closed its inaugural strategy, Grafine Capital I, and parallel vehicles, with about $600 million in total capital commitments. This strategy exceeded a target of $500 million with commitments from a small and select group of institutional investors seeking new approaches to generating returns.

One Rock Capital Partners Adds Jim Wiegmann To Team Of Operating Partners

By Amit Chowdhry ● Apr 8, 2024

Private equity firm One Rock Capital Partners announced the addition of Jim Wiegmann to its team of Operating Partners. Wiegmann is involved with evaluating consumer, food and beverage investment opportunities and driving post-acquisition value creation in One Rock's portfolio companies. He joins One Rock Operating Partners Frank Orfanello, Dr. Kevin Lang, and Tony Palmer - who also focus on improving One Rock's investment activities and executing value-creation strategies in the consumer, food, and beverage industries.

Sidley Austin Adds Partner John Godfrey To M&A and Private Equity Practice In New York

By Amit Chowdhry ● Apr 8, 2024

Sidley announced that John C. Godfrey has joined Sidley’s M&A and Private Equity practice as a partner in New York. Godfrey joins Sidley from Paul, Weiss, Rifkind, Wharton & Garrison LLP where he served as a member of that firm’s M&A and PE practices. And this follows the addition of a team of 11 lawyers from Paul, Weiss in the last ten months.

iCapital Buying Investment Data Aggregation Company Mirador

By Amit Chowdhry ● Apr 5, 2024

iCapital (a global fintech platform driving the world’s alternative investment marketplace for the wealth management industry) and Mirador (a leading technology-enabled provider of investment data aggregation and financial reporting across alternative and traditional investments) announced they have entered into a definitive agreement under which iCapital will acquire Mirador.

The Rawlings Group Raises Growth Investment From New Mountain Capital

By Amit Chowdhry ● Apr 5, 2024

The Rawlings Group (a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients) announced a strategic investment from affiliates of New Mountain Capital (a leading growth-oriented investment firm with about $50 billion in assets under management). New Mountain is working with the Rawlings management team to support the company's next growth phase, which includes investments in artificial intelligence, product development, and expansion into new markets and capabilities.

Adenia: Fifth Flagship Fund Closed At $470 Million

By Amit Chowdhry ● Apr 5, 2024

Adenia Partners, a leading PE firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V - known as AC(V) - at its $470 million hard cap. This fund was significantly oversubscribed and attracted commitments from new and existing investors globally.

Hildred Capital: Closes Multi-Asset Continuation Fund With Over $750 Million In Commitments

By Amit Chowdhry ● Apr 5, 2024

Hildred Capital - a healthcare-focused private equity firm specializing in partnering with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners.

TPG To Buy Collision Repair Multi-Site Operator Classic Collision

By Amit Chowdhry ● Apr 5, 2024

Global alternative asset management firm TPG has agreed to acquire Classic Collision, a leading national collision repair multi-site operator. TPG Capital (the U.S. and European private equity platform of TPG) will buy the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. The terms of the transaction were undisclosed.