Hedge fund Viking Global seeks to raise $1B to back Cash-Hungry startups
Viking Global Investors is raising a structured equity fund, joining the likes of Coatue Management in seeking to provide capital to cash-hungry startups, a move that may help private companies delay raising money at lower valuations amid tumultuous public markets. The Greenwich, Connecticut-based firm is targeting at least $1 billion for the fund, which will […]
Endless raises £100m for Third Enact Fund
Private equity firm Endless has raised £100m for its third Enact fund to invest in UK SMEs. Enact III will principally target businesses based in the UK with an investment requirement of up to £10 million (an increase from £5m in Enact Fund II). Enact III will principally target businesses based in the UK with […]
Bob Diamond’s private equity firm raises funding from Qatar
Atlas Merchant Capital secures commitment of $100mn from Qatar Financial Centre and seeks $1.5bn from other investors Atlas Merchant Capital, which was co-founded by Diamond almost a decade ago, has received a non-binding commitment of $100mn from the Qatar Financial Centre (QFC), the Doha-based site through which international companies tend to do business in the […]
Twin Bridge Capital Partners closes fifth flagship fund at over $880m
Twin Bridge Capital Partners (Twin Bridge) a private equity firm that targets investments in the North American small and lower middle market, has closed its fifth flagship lower middle market fund, Pacific Street Fund V, with more than $880 million in capital commitments. Fund V was oversubscribed and exceeded its $800 million target. Twin Bridge […]
ECP closes $1.6B continuation fund for Calpine Corporation
ECP has closed a continuation fund with $1.6 billion in capital commitments. The fund has subsequently signed a purchase and sale agreement to acquire a portion of Calpine Corporation (Calpine), an USA-based, privately held power company, from ECP III and ECP IV, along with consortium investors. The fund is supported by new and returning limited […]
Accel’s new global growth-stage fund closes at $4B
Venture capital firm Accel’s new global late-stage “leaders” fund, has closed with $4 billion in capital commitments, according to a report by Deal Street Asia. The Silicon Valley firm’s previous fund closed at $2.3-billion fund closed in December 2020. Accel also Accel is reported as saying that the new fund complements its early-stage and growth-stage […]
Brookfield raises $15B for climate-focused fund
Canada’s Brookfield Asset Management, said it had raised $15bn for its first impact fund focused on the global transition to a net-zero carbon economy. In the first five months of this year investors added $7.5bn to U.S. sustainable funds including those focused on environmental, social and governance (ESG) considerations, after putting a record $69.2bn of […]
LGT Capital Partners holds final close of Crown Asia-Pacific Private Equity V at USD 1.65B hard cap
LGT Capital Partners has held the final close of Crown Asia-Pacific Private Equity V (CAPE V), its fifth private equity investment programme investing in the Asia-Pacific region, at the hard cap of USD1.65 billion and above the target fund size of USD1 billion. The fund’s investor base includes more than 50 institutions, including pension funds, […]
ICG closes fund dedicated to GP-led secondaries at $5B
ICG has held the final close of the ICG Strategic Equity IV fund, which is focused on GP-led secondaries, at over $5 billion in capital commitments, according to a report by Secondaries Investor. SE IV is backed by investors including CalPERS – the California Public Employees’ Retirement System ($250 million), Fubon Life Insurance ($65 million), […]
Polestar SPAC merger poised to raise $850m
Polestar and Gores Guggenheim, the special purpose acquisition company (SPAC) planning to merge with EV maker, said Tuesday that they expect the deal to raise at least $850m. The companies noted in their release Tuesday that the preliminary redemption elections are expected to reach a maximum of 25 percent. The lower the number the better […]
