Carlyle-backed battery storage developes NineDOT racks up $225m
NineDot Energy, a New York City-based developes of community-scale battery energy storage systems, has secured $225 million in funding from Manulife Investment Management and Carlyle, NineDot’s existing institutional equity investor. With this investment, Manulife Investment Management has acquired an equity stake in NineDot. Christopher McKenzie, a Managing Director on Manulife Investment Management’s infrastructure team, will […]
Goldman Sachs Asset Management raises $650 mln for life sciences fund
Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector. The fund, West Street Life Sciences I, will specifically target early to mid-stage therapeutic companies with multi-asset portfolios as well as tools and diagnostics firms. “Life sciences represents […]
Cinven raises $14.5 billion for the Eighth Cinven Fund
International private equity firm Cinven announces the final close of its latest flagship fund, the Eighth Cinven Fund (‘Fund 8’), having raised $14.5 billion (€13.2 billion) and reached the hard cap. Fund 8 is nearly 30% larger than its 2019 vintage predecessor fund, Fund 7, for which Cinven also reached the hard cap. Stuart McAlpine, […]
Warburg Pincus surpasses target to close $17bn private equity fund
The US private equity group Warburg Pincus has raised $17.3bn for the largest fund in its 57-year history, joining a handful of peers in that have beat their targets as others struggle to bring in cash. The firm began soliciting investments for the new fund about two years ago with a $16bn target. The fund […]
Brookfield banks $12B for its largest PE fund
Brookfield Asset Management has closed its largest-ever flagship private equity fund, with a sizable check written by the firm itself. Brookfield announced it nabbed $12 billion for Brookfield Capital Partners VI. The fund is larger than its predecessor vehicle, which closed in 2019 on $9 billion. PE fund managers have been putting greater amounts of […]
Parthenon Capital closes Fund VII at $4.5bn
Parthenon Capital, a growth-oriented private equity firm with offices in Boston, San Francisco and Austin, has held the first and final closing of Parthenon Investors VII with more than $4.5 billion in commitments, significantly in excess of its initial $3.5 billion target. According to Parthenon, which invests in middle market companies with enterprise values of […]
CAI raises over $1B for inaugural fund and co-investment programme
Climate Adaptive Infrastructure (CAI), an investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, has close of its inaugural fund, Climate Adaptive Infrastructure Fund with more than $825 million in equity. In addition, alongside the Fund, CAI has an affiliated co-investment programme of over […]
MVM closes oversubscribed Fund VI at $500m hard cap
MVM Partners has closed its sixth healthcare fund, MVM VI, with $500m in limited partner commitments. Demand was well above the hard cap. MVM has been investing in high growth healthcare businesses since 1997. MVM VI will continue this broad, global remit with investments in medical technology, pharmaceuticals, biotechnology, diagnostics, life science tools, pharma services […]
Qualitas Energy holds first close of fifth flagship fund at more than €1.1B
Qualitas Energy, a global investment and management platform focused on renewable energy, energy transition and sustainability investments, has held the first close of its flagship fund QE V, which has a target size of €1.6 billion, at more than €1.1 billion. This equals the entire fund size of QE IV and makes QE V one […]
Brighton Park Capital closes Fund II at $1.8B
Brighton Park Capital Management (Brighton Park), an investment firm that specialises in collaborating with software, healthcare, and tech-enabled services businesses, has completed a $1.8 billion fundraise for Brighton Park Capital Fund II and related vehicles (BPC II), exceeding its target of $1.5 billion. Consistent with its predecessor fund, BPC II will continue the firm’s strategy […]
