Private Equity

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.

NorthWall Capital: Over €640 Million For European Opportunities Strategy Closed

By Amit Chowdhry ● Jun 23, 2024

NorthWall Capital, a leading credit investment firm delivering private capital solutions to counterparties in Western Europe, announced the final closing of its flagship NorthWall European Opportunities Fund II and associated vehicles (NWEOF II), attracting over €640 million in investor commitments.

RedSail Technologies Raises Strategic Growth Investment From LGP

By Amit Chowdhry ● Jun 23, 2024

RedSail Technologies, a premier pharmacy technology and solutions provider, announced a strategic growth investment from Leonard Green & Partners (LGP). In connection with the deal, Francisco Partners (FP) - which created RedSail by combining two separate divisional carve-outs in 2020 - will also reinvest in the company along with management.

17Capital Reveals Leadership Changes

By Amit Chowdhry ● Jun 23, 2024

17Capital, a private credit manager specializing in NAV finance for the private equity industry, announced the promotions of Investment team members Dane Graham and Greg Hardiman to Partner and Michael Timms to Managing Director.

Permira Reveals Leadership Changes

By Amit Chowdhry ● Jun 22, 2024

Global private equity firm Permira announced that Brian Ruder and Dipan Patel will become co-managing Partners and co-CEOs, and Kurt Björklund will become Executive Chairman, effective September 1, 2024. And Ruder joined Permira in 2008 and now serves on Permira’s Executive Committee, chairs the Permira Growth Opportunities Investment Committee, and co-chairs the buyout funds’ Investment Committee.

Honeywell Buying CAES Systems From Advent In A $1.9 Billion All-Cash Deal

By Amit Chowdhry ● Jun 21, 2024

Honeywell has agreed to acquire CAES Systems Holdings from private equity firm Advent International for about $1.9 billion in an all-cash transaction. This deal represents about 14 times the estimated 2024 EBITDA on a tax-adjusted basis.

Zips Car Wash Raises $70 Million From Atlantic Street Capital

By Amit Chowdhry ● Jun 18, 2024

Atlantic Street Capital (a private equity firm that invests in lower middle market companies through an operationally intensive strategy) announced that it has made an additional $70 million investment to further support the operating strategy, member experience, leadership team, and wash quality of its portfolio company Zips Car Wash.

Parquest: €414 Million Closed For Third Fund

By Amit Chowdhry ● Jun 17, 2024

Parquest, an independent French mid-market private equity firm, announced the successful final close of Parquest III, with total limited partner commitments of €414 million. Launched in 2022, the fund was oversubscribed and exceeded its initial target size of €400 million. And Parquest III is 34% larger than its predecessor, Parquest II, which closed at €310 million.

J.P. Morgan Private Capital: Inaugural Biotechnology Fund Closed At Over $500 Million

By Amit Chowdhry ● Jun 16, 2024

J.P. Morgan Private Capital (a venture capital and growth equity investment team within J.P. Morgan Asset Management) announced the final closing of the first Life Sciences Private Capital offering, 270 Life Sciences Private Capital Fund I, led by Chief Investment Officer Stephen Squinto, Ph.D. and Managing Partner Gaurav Gupta, M.D., M.S.E.

Aquiline: Over $3.4 Billion Of Capital Closed For Fifth PE Fund

By Amit Chowdhry ● Jun 15, 2024

Aquiline Capital Partners LP, a private investment firm dedicated to financial services and related technologies, announced that it has raised over $3.4 billion of fund capital, following the final close of its fifth private equity fund, Aquiline Financial Services Fund V L.P. (AFS V), and the closing of its continuation fund, Aquiline Financial Services Continuation Fund L.P.

InTandem Capital Partners: Fund III Closed At $715 Million

By Amit Chowdhry ● Jun 15, 2024

InTandem Capital Partners, a middle-market private equity firm focused exclusively on healthcare services, announced the final closing of InTandem Capital Partners Fund III, LP, with $715 million in total capital commitments. And Fund III closed above its original target of $650 million.

IDC Network And Arena Investors Launch Flexible Capital Arm

By Amit Chowdhry ● Jun 15, 2024

IDC Network (a diversified private equity and venture capital asset manager and parent company of IDC Ventures, a global venture capital firm specializing in fintech and marketplaces) announced the launch of its newly created credit and flexible capital arm IDC Arena Credit Ventures through the formation of a strategic partnership with Arena Investors, LP. And Arena Investors is a global institutional investment manager with a solid track record of providing creative capital solutions to underserved borrowers globally.

MidOcean: $765 Million Closed For Tactical Credit Strategy

By Amit Chowdhry ● Jun 15, 2024

MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced the closing of its third opportunistic credit fund, MidOcean Tactical Credit Fund III and related separately managed accounts, with commitments totaling $765 million.

Harlan Capital Partners: $130 Million Closed For Special Opportunities Fund V

By Amit Chowdhry ● Jun 12, 2024

Opportunistic private credit investment firm Harlan Capital Partners announced the closing of Harlan Special Opportunities Fund V LP (HSOF V) and its associated vehicles, raising about $130 million. This new funding surpasses the predecessor HSOF IV, which raised approximately $115 million.

Blackford Capital Buys Industrial Automation Leader PACIV

By Amit Chowdhry ● Jun 11, 2024

Blackford Capital, a leading lower middle market private equity firm, announced the acquisition of PACIV - which specializes in industrial automation solutions. PACIV is a leading full-service provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries.

StepStone: Secondaries Fund VI Closes With $3.3 Billion In Commitments

By Amit Chowdhry ● Jun 10, 2024

StepStone Group - a global private markets investment firm focused on providing customized investment solutions, advisory, and data services - announced that it has raised $3.3 billion for StepStone VC Secondaries Fund VI, L.P. (VSF VI), which is the firm’s sixth secondaries fund focused on opportunities in the venture capital asset class.

Permira: Substantial Investment In PharmaCord Revealed

By Amit Chowdhry ● Jun 10, 2024

Global investment firm Permira and PharmaCord, a leading provider of patient services for the pharmaceutical industry, announced that a company backed by the Permira funds has signed a definitive agreement to make a substantial investment in PharmaCord.

Bain Capital Buying PowerSchool For $5.6 Billion

By Amit Chowdhry ● Jun 10, 2024

PowerSchool, a leading provider of cloud-based software for K-12 education, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $5.6 billion.

Vici Media: Significant Growth Investment Raised From Rockbridge Growth Equity

By Amit Chowdhry ● Jun 8, 2024

Rockbridge Growth Equity, a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, announced that it has made a majority investment in Vici Media, a provider of white label digital marketing and advertising solutions. The terms of the transaction were undisclosed.