Brookfield Closes $4 Billion Commercial Real Estate Debt Fund
Brookfield announced today it has closed its latest flagship real estate debt fund, Brookfield Real Estate Finance Fund VI (BREF VI), with total capital commitments of over $4 billion, exceeding an initial target of $3 billion. Brookfield committed $400 million to the fund highlighting its longstanding alignment of interests with investors. BREF VI continues Brookfield’s […]
Communications platform Dialpad valued at $2.2 bln after ICONIQ Capital-led funding
Cloud communications platform Dialpad Inc has raised fresh funds at a $2.2 billion valuation in a funding round led by investment firm ICONIQ Capital, riding on a boom in dealmaking in the software and technology sector. The US$170 million round takes the company’s total capital raised so far to US$418 million and also included venture […]
Sapphire Ventures secures nearly USD2bn in new capital commitments
Venture capital firm Sapphire Ventures is planning to significantly expand its European investment activities over the coming year, having raised USD2 billion in new capital commitments for investments in late-stage technology companies across the US, Europe and Israel. This is the firm’s largest fundraise to date and comes across Sapphire Ventures Fund VI (Fund VI) […]
Norwest Venture closes biggest-ever fund on $3bn, boosting capital under management to $12.5bn
The fundraise boosted the firm’s total capital under management to $12.5bn. NVP XVI is 50% bigger than its predecessor NVP XV, which it closed on $2bn in 2019. Norwest said the new fund will target innovative companies with transformational businesses. The firm had made new investments in 60 companies since the closing of XV mainly […]
Ares Management Corporation raises USD2.2bn of climate infrastructure capital
Global alternative investment manager Ares Management Corporation (Ares) has raised USD2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (ACIP) with approximately USD1.4 billion in total raised, and USD800 million in related transaction vehicles. Through ACIP, the Ares Infrastructure and Power team provides value-add and flexible capital financing solutions […]
KKR helps Anchorage Digital to more than $3bn valuation with $350m in new funding together with Goldman Sachs, and others
Anchorage Digital, a federally chartered crypto bank in the U.S., has raised $350 million in a Series D funding round. Private equity giant KKR led the round by investing through its Next Generation Technology Growth Fund II. This is KKR’s first direct equity investment in a crypto firm, said Anchorage. In September, KKR took a […]
Private market mega-funds raise more than $329B in 2021
Hellman & Friedman’s 10th flagship buyout fund, which closed on $24.4 billion in July, tops a list of 31 private market mega-funds that collectively have brought in more than $329 billion in 2021, PitchBook data shows. The sheer amount of capital raised by the private equity industry’s mega-funds, defined as vehicles of $5 billion or […]
Level Equity Raises $1.125B for New Equity Funds
Level Equity Management, LLC, announced final closings of Level Equity Growth Partners V and Level Equity Opportunities Fund 2021, securing $775 million and $350 million respectively in aggregate commitments. Level has raised $3.0 billion across 10 investment funds and co-invest vehicles since 2011 for their three business lines – core growth equity, opportunistic growth, and structured growth. Level also announced several […]
German delivery startup Flink raises $750 mln in financing round
Grocery delivery start-up Flink has raised $750 million in an additional funding round, it said on Friday, giving the German company the funds to further expand and cash in on the home food delivery boom. Flink is one of several food delivery start-ups, including Gorillas, Getir, and Weezy, that have grown rapidly during the COVID-19 […]
Saudi sovereign fund PIF set to raise $3.2 bln in Saudi Telecom stake sale
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is set raise 12 billion riyals ($3.2 billion) through the sale of a 6% stake in Saudi Telecom (STC) after it priced the deal in a secondary share offering. PIF set the final price for the sale of 120 million shares at 100 riyals (S$36.42) per […]
