Kenyan private equity firm Ascent raises $100 mln in second fund
Kenya-based private equity manager, Ascent Capital, has just raised more than $100 million in a second fund, it said on Tuesday, to invest in small and medium enterprises in East Africa. Ascent, which was among several new private equity firms established in the past decade to take advantage of growing popularity of the asset class […]
Gelmetix closes GBP5m capital raise
Medtech start-up Gelmetix, the developer of a first-in-class polymer treatment for chronic lower back pain, has closed a successful GBP5 million Series C equity financing round. Following successful in-vivo and pre-clinical studies, the University of Manchester spin-out will now use the additional capital to fund its upcoming first-in-human (FIH) trial and preparing for the pivotal […]
MasterClass raises USD225m in Series F funding round
MasterClass, a streaming platform that makes it possible for anyone to ‘learn from the best’, has raised USD225 million in a Series F funding round, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl […]
Carey Olsen and Northern Trust support Pureos Bioventures on debut fund launch
Carey Olsen, together with Northern Trust, have supported venture capital firm Pureos Bioventures on the successful launch and final close of its first fund, BB Pureos Bioventures LP (Pureos), with commitments of USD205 million. Pureos, which exceeded its initial fundraising target after securing support from pharmaceutical and biotech companies, family offices, pension funds, fund-of-funds, a […]
Abingworth raises USD582m for new Clinical Co-Development Fund, ACCD 2
Abingworth, an international life sciences investment group, has held the final closing of its new Clinical Co-Development Fund at USD582 million. Abingworth Clinical Co-Development Fund 2 (ACCD 2) was significantly oversubscribed, exceeding its target of USD350 million, and closed at its hard cap. Alongside the recent USD465 million Abingworth Bioventures 8 (ABV 8) fund, Abingworth […]
CAPZA raises record EUR700m in the final closing of its CAPZA 5 Flex Equity Fund
CAPZA, a leading private investment firm specialising in small and medium-sized enterprises (SMEs), has held the final closing of its CAPZA 5 Flex Equity Fund, reaching its revised hard cap at EUR700 million, doubling the final size of the previous Fund (EUR350 million). This success confirms investors’ interest in a flexible and agile investment strategy […]
Park Square Capital raises EUR2.2bn for fourth subordinated debt fund
Park Square Capital (Park Square) has held the final closing of its fourth subordinated debt fund, resulting in total investable capital of EUR2.2 billion. Park Square Capital Partners IV and related vehicles (PSCP IV) raised EUR1.8 billion of equity commitments, exceeding its target of EUR1.5 billion. Including committed leverage, the strategy’s total investable capital is […]
ESG-focused Blisce Fund II holds first close
Blisce, a B Corp certified transatlantic growth VC fund that has previously backed ventures including Spotify, Pinterest and Headspace, has launched the new fund Blisce Fund II, with a final target of USD350 million. Blisce Fund II, which held its first close today at USD150 million, will make investments ranging from USD10 million to USD35 […]
Avatar startup Genies scores $65 million in funding round led by Mary Meeker’s Bond
Over the past several years I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around. But by netting […]
Park Square Capital raises EUR2.2bn for fourth subordinated debt fund
Park Square Capital (Park Square) has held the final closing of its fourth subordinated debt fund, resulting in total investable capital of EUR2.2 billion. Park Square Capital Partners IV and related vehicles (PSCP IV) raised EUR1.8 billion of equity commitments, exceeding its target of EUR1.5 billion. Including committed leverage, the strategy’s total investable capital is […]
