NewSpring raises USD364m for fourth mezzanine fund
NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised USD364.3 million, making it the largest mezzanine fund the Firm has raised to date. NewSpring Mezzanine provides a wide range of flexible mezzanine debt and equity solutions, […]
NewSpring raises $364m for fourth mezzanine fund
NewSpring, a family of private equity strategies, has held the final close of its fourth mezzanine fund, NewSpring Mezzanine Capital IV (NSM IV). In total, the Fund raised $364.3 million, making it the largest mezzanine fund the Firm has raised to date. “For investors, this Fund gives them the exciting opportunity to actively participate […]
iCapital Network Raises $440M in Funding
iCapital Network, a global financial technology platform focused on alternative investing for the asset and wealth management industries, raised US$440m in funding. The round was led by Temasek, joined by new investors Owl Rock, a division of Blue Owl Capital; MSD Partners, L.P.; Noah Holdings and Golub Capital and existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset […]
Storebox raises EUR52m in financing
Vienna-based logistics and warehousing start-up, Storebox, has just raised EUR52 million in a series B investment round. The new investors are mostly international, and include Activum SG, Attila Balogh, Kineo Finance, n3K Holding, Senger-Weiss, Wicklow Capital and Wille Finance. Existing investors Romulus (Hansi Hansmann) and APIC Investments also participated in the round. The Storebox founders […]
Carlyle raises $10.4bn in second quarter as pursues largest ever private equity fund
The Carlyle Group took in $10.4bn from investors in the second quarter and nearly doubled its earnings, as it looks to raise what would represent the industry’s biggest ever buyout fund. Carlyle posted robust second quarter distributable earnings growth on Thursday, rising to $395.4m from $198.4m in the same period last year. Assets under management […]
Elon Musk’s Neuralink raises over $200 million from Google Ventures, others
Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc’s Google Ventures, the company said on Thursday. Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer’s, dementia and spinal cord injuries and fuse humankind with […]
Prime Trust raises $64m in Series A funding
Prime Trust, a one-stop shop for financial infrastructure for fintechs, has closed a $64 million Series A funding round. The timing of the raise coincides with the firm having crossed $100 million in annual revenue-run rate and 250 million API calls per month from its B2B customers. This is the first institutional round of funding […]
KINGSWAY CAPITAL LEADS $125M FUNDING ROUND IN BITCOIN MINER GENESIS DIGITAL ASSETS
Genesis Digital Assets, one of the world’s oldest crypto mining companies, raised $125 million in a growth funding led by UK-based private equity fund, Kingsway Capital with participation from a host of other investors. Genesis Digital Assets’ Bitcoin mining capacity reached over 150 megawatts. This means that, as of July, the company has seized control […]
TPG holds $5.4bn first close of TPG Rise Climate Fund
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, has held the first close of USD5.4 billion in subscriptions to its inaugural fund. With the fund’s first close, TPG Rise Climate is bringing together a unique blend of capital from some of the world’s largest institutional investors and over […]
FRISS Raises $65 Million Series B Funding Led by Accel-KKR
FRISS, the most widely adopted provider of AI-powered end-to-end fraud prevention and detection solutions for P&C insurers worldwide, today announced it closed a $65 million Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline. The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines […]
