Private Equity

Dresser Utility Solutions: $335 Million Credit Facility Secured From Blue Owl Capital

By Amit Chowdhry ● Jun 7, 2024

Dresser Utility Solutions (a leading provider of global infrastructure technology for the energy transition including measurement, instrumentation, coupling and repair, pressure and flow control solutions to water and gas utility and industrial customers, and a portfolio company of First Reserve) announced it has secured a $335 million credit facility from funds managed by Blue Owl Capital's Credit platform.

Ardian: €530 Million Closed For Third-Generation Growth Platform

By Amit Chowdhry ● Jun 7, 2024

Ardian, a leading private investment house, announced that it had raised €530 million for its third-generation Growth platform, Ardian Growth Fund III. The fund closed above the €500 million target size and more than doubled in size compared to the previous generation, which closed at €230 million in 2018.

KKR Buying Majority Ownership In Agiloft

By Amit Chowdhry ● Jun 7, 2024

Leading global investment firm KKR announced that a fund managed by KKR has entered into an agreement to acquire a majority stake in Agiloft, a trusted global leader in data-first contract lifecycle management (CLM). As part of the deal, FTV Capital (a sector-focused growth equity firm and an existing investor in Agiloft) will make an additional investment in the company and JMI Equity (a growth equity firm focused on investing in leading software companies) will join as a new investor in the company.

Yukon: Fund V Closed At Commitments Of $765.2 Million

By Amit Chowdhry ● Jun 6, 2024

Yukon Partners announced the final closing of Yukon Capital Partners V, L.P., and its associated parallel funds (Fund V) with total commitments of $765.2 million. Fund V was oversubscribed, exceeding its $700 million target and closing at its hard cap.

Greenbriar Equity Group Completes Acquisition Of Renuity

By Amit Chowdhry ● Jun 5, 2024

Greenbriar Equity Group announced that funds managed by Greenbriar completed the acquisition of Renuity, a tech-enabled home services platform, in partnership with company management, from York Capital Management’s private equity group and other minority investors. The terms of the private transaction were not disclosed.

KPS Capital Partners Buying Tate & Lyle’s Ownership Interest In Primient For $350 Million

By Amit Chowdhry ● Jun 4, 2024

KPS Capital Partners announced that it has entered into a definitive purchase agreement with Tate & Lyle to acquire Tate & Lyle’s remaining ownership interest of 49.7% in Primary Products Investments for $350 million. The transaction is expected to be completed by the end of July 2024 and is subject to customary closing conditions and approvals.

Riata Capital Group: RCG Equity Fund II Closed At $285 Million

By Amit Chowdhry ● Jun 3, 2024

Riata Capital Group (RCG), a private equity firm focused on control investments in the lower middle market, announced it has successfully closed RCG Equity Fund II, LP (RCG II) with commitments of $285 million. This fund exceeded the firm’s hard cap.

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.