British AI company Faculty raises GBP30m of growth funding
Faculty, a British artificial intelligence (AI) company, has raised GBP30 million in growth funding from the Apax Digital Fund (ADF). It is the largest investment Faculty has accepted to date, and brings total investment to nearly GBP40 million. The funding will be used to drive the expansion of Faculty’s pioneering “AI as a Service” model. […]
Foresight closes latest regional private equity fund
Foresight Group, a listed infrastructure and private equity investment manager, announces the first close of the Foresight Regional Investment III LP at GBP65 million. The Fund is cornerstoned by the Greater Manchester Pension Fund, with strong support from Clwyd and Merseyside Pension Funds. The fundraise comes off the back of the Foresight Regional Investment LP’s […]
Natural-fibre company raises $8.5 million to expand production
A Victoria-based company that produces hemp-based, compostable fibres used in the manufacture of products such as cleaning wipes is about to increase its manufacturing footprint and start commercializing its natural-fibre production process after raising $8.5 million in equity financing. Bast Fibre Technologies raised the money from existing investors and U.S.-based private equity firm Merida Capital […]
Castik Capital closes new single asset fund to support Waterlogic’s ambitious growth plans
Castik Capital, a European private equity investment firm, has closed a new single asset fund, EPIC I-b, which will acquire a controlling stake in Waterlogic, a global provider of purified drinking water dispensers, at its hard cap of EUR700 million. The Fund will provide Waterlogic with an extended investment horizon, additional capital to execute its […]
Legend Capital closes Healthcare Continuation Fund
Legend Capital has closed the LC Healthcare Continued Fund I, having raised USD270 million for a secondary transaction that involves healthcare portfolios of two older vintage funds. The fund provides liquidity and helped to enhance returns for existing investors while maximising the value of the fund’s portfolio with new follow-on capital. Legend Capital’s healthcare practice […]
Neuberger Berman launches ELTIF
Neuberger Berman, a private, independent, employee-owned investment manager, has launched a private equity European Long-Term Investment Fund (ELTIF) making the firm’s global private equity offering more accessible to eligible retail and non-professional investors and their advisers. Unlike most traditional private equity funds with high minimum investment thresholds, both professional and eligible retail investors across Europe […]
Horizon Technologies gets funding for maritime surveillance satellites
A British company that equips spy planes and drones to track satellite telephones has raised capital to launch a handful of tiny surveillance spacecraft to listen for signals from ships operating clandestinely. Horizon Space Technologies, a recently established subsidiary of Berkshire, England-based Horizon Technologies, is prime contractor for the U.K. government’s cubesat signals intelligence program called […]
Ascent holds first close of Ascent Rift Valley Fund II
African private equity fund manager Ascent has held the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than USD100 million, significantly exceeding its initial target of USD80 million. The final close of ARVF II, with a target of USD120 million, is expected in December 2021. ARVF II will invest […]
Polaris launches Polaris Flexible Capital
Polaris is expanding its activities with investments in subordinated loan capital (junior capital etc) and minority shareholdings, with the launch of Polaris Flexible Capital. Polaris expects to raise DKK1 billion for the new fund, which will support attractive Nordic medium-sized companies with flexible capital for growth, investments, ownership changes and optimisation of capital structure. The […]
LGT Capital Partners raises USD6bn for private equity secondaries opportunities
LGT Capital Partners has raised USD6 billion to capture investment opportunities in private equity secondaries across the whole spectrum of investment situations including single assets solutions, private equity fund solutions and diversified portfolios of Limited Partnership interests. LGT Capital Partners’ second programme focusing on single asset solutions and concentrated fund solutions, Crown Secondaries Special Opportunities […]
