NovaQuest Private Equity Closes Oversubscribed Fund II at $500 Million Hard Cap
QHP Capital, L.P., the management company for NovaQuest Private Equity, today announced the final close of its private equity investment fund, NovaQuest Private Equity Fund II, LP at $500 million of LP commitments. NQPE II closed at its hard cap, exceeding the fund’s initial target of $425 million, and was fully committed in less than […]
China early-stage fundraising slides to lowest level since 2009
More than 90% drop in ‘time of uncertainty’ for foreign investment in world’s second-largest economy Fundraising by China-focused private equity investors has fallen to its lowest level in 13 years, as early-stage backers of the country’s start-up scene grapple with Beijing’s tech crackdown and zero-Covid policies. Venture capital and private equity funds concentrating on the […]
Ergon closes Capital Partners Fund at €800m
Ergon Capital Partners (Ergon), a mid-market investor in Europe, has made the final closing of Ergon Capital Partners V, SCSp (ECP V) with capital commitments of €800 million, significantly exceeding its target and initial hard cap of €750 million. This closing brings Ergon’s total assets under management to €2.5 billion. Houlihan Lokey Private Funds Group […]
Fintech startup TIFIN raises funds at $842 mln valuation
Fintech platform TIFIN said on Thursday it had raised $109 million in fresh capital in a late-stage funding round, with investments from Franklin Resources and J.P. Morgan Asset Management, that valued the firm at $842 million. The new series D round also saw investments from private equity firm Motive Partners and Hamilton Lane. TIFIN said […]
Monroe Capital closes private credit fund at $500m
Monroe Capital LLC (Monroe) has closed its Monroe Capital Opportunistic Private Credit Fund I with approximately $500 million of investable capital, including targeted fund leverage. The Fund has limited partner commitments from over 75 investors located across the US, Asia, Middle East and Europe. The Fund received $286 million of LP commitments, plus targeted leverage […]
Arcadia Raises $200 Million Led by J.P. Morgan’s Sustainable Growth Equity Team
WASHINGTON – May 10, 2022 – Arcadia, the technology company empowering energy innovators to fight the climate crisis, today announced the raise of a $200 million funding round. The round was led by an inaugural investment from J.P. Morgan Asset Management’s (NYSE: JPM) Sustainable Growth Equity Team. The financing will help accelerate the impact of Arcadia’s data and API platform, Arc, by […]
Plexus Capital Raises More Than $200 Million for Inaugural Buyout Equity Fund
Plexus Capital announced today that it has successfully raised $204 million for its inaugural private equity fund. Plexus Equity Fund I secured commitments from leading institutional investors, family offices and high net worth individuals. Plexus is a multi-strategy private investment firm based in Raleigh, North Carolina. Founded in 2005, Plexus has a long history of […]
Arctos Sports Partners Raises $1.1 Billion for Second Investment Fund
Sports-focused private equity firm Arctos Sports Partners has raised $1.1 billion for a second investment fund, bringing the firm’s total assets to more than $5 billion. Arctos closed on the first fundraising round this week, according to an email sent to clients today by Evercore, a marketer of investment funds to institutional investors. The new […]
BlackRock fundraising up to $4bn for new private credit fund
As the private credit sector booms to over $1 trillion, mammoth asset manager, BlackRock is in the market for private credit opportunities and is looking to raise a total of $4 billion. This follows the 2019 Global Credit Opportunities fund, which raised around $2 billion. BlackRock has already raised half of the targeted allocation for […]
StepStone closes second senior corporate lending fund with $1.3bn of capital commitments
StepStone Group, a global private markets investment firm, has held the final closing of StepStone Senior Corporate Lending II (SCL II), raising $1.3 billion of commitments, surpassing its target of $1 billion. Through SCL II, StepStone seeks to invest in post-Covid-19 vintage, senior secured, first-lien performing corporate loans. The portfolio will be diversified across geographies, […]
