Software firm SpotOn valued at $3.6bn after Dragoneer-led funding round
SpotOn said on Wednesday it had raised $300m in a late-stage funding round led by investment firm Dragoneer, which valued the software maker at $3.6bn. The fundraise also saw participation from growth-stage venture capital fund G Squared and existing investors Andreessen Horowitz, DST Global, Franklin Templeton and Mubadala Investment Company. In September, SpotOn had raised […]
ICG holds final close of Asia Pacific Fund IV ICG at $1.1bn
Global alternative asset manager ICG has held the final close of its Asia Pacific Fund IV at $1.1 billion, exceeding its target of $1 billion. Fund V, which is 60 per cent larger than its predecessor fund, received support from a broad and international group of investors looking for exposure to Asia and is currently […]
GoldenTree Is Making Its Biggest Bet Yet on Private Credit With $1.5 Billion Fund
Steve Tananbaum is making his biggest bet to date on one of the hottest corners of Wall Street: private credit. GoldenTree Asset Management, the credit investment firm he founded over two decades ago, is looking to raise as much as $1.5 billion for its first fund dedicated to providing loans directly to companies, according to […]
Stellus Capital Management closes Stellus Credit Fund III at $1.8bn
Stellus Capital Management, a specialist in middle market direct lending, has held the final close of Stellus Credit Fund III (SCF III) with approximately $1.8 billion on investable capital, including target leverage, capital commitments to SCF III, investor-specific vehicles, and a newly launched private Business Development Company (Stellus Private Credit BDC (SPBDC). SCF III, the […]
Troob Capital Management holds $209m close of second Tactical Opportunities Fund
Troob Capital Management (TCM), a private investment firm specialising in providing capital solutions to entities in underserved market segments, has closed its TCM Tactical Opportunities (TCM Tac Opps) Fund II LP at $209 million. TCM Tac Opps Fund II offers an unconstrained approach for providing access to debt or equity capital to companies with liquidity […]
Thought Machine raises $160m in Series D round led by Temasek
Thought Machine, a cloud native banking technology company, has closed a series D funding round, led by Temasek, a global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley. Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB. Thought Machine is now valued at […]
Lightrock closes new $300m fund for Latin America
Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s biggest challenges, has closed a new $300 million growth equity fund for Latin America. Headquartered in London, UK, Lightrock currently has over $3 billion in assets under advice invested in 14 countries across Europe, the USA, Latin America, Asia and Africa. For […]
Velocity Global Nabs Multibillion Value With $400 Million Raise
Velocity Global, a startup aiming to ease the process of hiring remote and international workers, has raised $400 million in a Series B round. The financing was led by investment firms Norwest Venture Partners and Eldridge Industries LLC, according to a statement provided to Bloomberg News. The round has boosted the company’s valuation seven-fold since […]
Clearlake Capital Wraps Up Latest Fund With $14.1 Billion
Clearlake Capital Group, L.P. (“Clearlake”), an investment firm that focuses on technology, industrials, and consumer industries, announced today it has completed fundraising for its seventh flagship private equity fund, Clearlake Capital Partners VII (“Fund VII”), with more than $14.1 billion in commitments. With an initial target of $10 billion, Fund VII reached its hard cap […]
HSBC Alternative raises USD1bn for UK direct lending strategy
HSBC Asset Management’s (HSBC AM’s) UK-focused direct lending capability has attracted USD1bn in commitments from institutional investors in its first year. The direct lending strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities, which now fall under a single business unit HSBC Alternatives. The direct lending capability […]
