Oaktree Capital rings up $4.7 billion with latest real estate fund
Oaktree Capital Management closed its largest real estate fund, Oaktree Real Estate Opportunities Fund VIII, and related vehicles with about $4.7 billion, a news release Tuesday said. The new fund already has invested or committed roughly $1.7 billion in distressed real estate-related securities — made earlier in the pandemic — and more recently in financing […]
Blackstone closes first-time growth equity vehicle at USD4.5bn – the largest in history
Blackstone has held the final close of Blackstone Growth (BXG), its inaugural growth equity fund, which was oversubscribed, at its hard cap of USD4.5 billion in third-party capital commitments from a wide range of family offices, entrepreneurs, endowments, strategic institutional investors, pension funds, high-net-worth individuals, and other investors. Blackstone says the fund is the largest […]
Riverside raises largest European fund to date
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has completed fundraising for its Riverside Europe Fund VI (REF VI). The firm’s latest buyout vehicle closed on €465 million of capital commitments, nearly 40 per cent more than its predecessor, making it the largest fund the firm […]
KreditBee raises additional $70 million from NewQuest and Motilal Oswal Private Equity
Fintech lending platform KreditBee’s holding entity, Finnov has raised an additional $70 million in a follow-on Series C round from TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. “The conclusion of this round has led to an exit of most of the early-stage investors,” KreditBee said in a statement on Monday, adding that the […]
Aldea Ventures holds first close of EUR100m-target tech startup fund at EUR60m
Aldea Ventures has has held a EUR60 million first close of a target EUR100 million fund to invest in 700 technology-enabled startups across Europe. The Pan-European fund’s vision is to invest in cutting-edge technologies and industries, and support growth across Europe, connecting VC talent and startup ecosystems across entrepreneurial hubs. The diverse portfolio will also […]
Blackstone’s $4.5 Billion New Growth Equity Warchest
Alternative investment giant Blackstone Group Inc. raised a gobsmacking US$ 4.5 billion for its inaugural growth equity fund – Blackstone Growth (BXG). Blackstone is known for its buyout strategies with regard to private equity. Blackstone said the growth equity fund was oversubscribed. Blackstone experienced recent growth equity success in its investments in online dating company […]
Fortnite-owner Epic Games worth $28bn as fundraising taps lockdown bonanza
Sky News can exclusively reveal that Epic Games, which was founded by Tim Sweeney 30 years ago, is finalising the terms of a $1bn fundraising just seven months after closing a previous round. The company was valued at $17.3bn after a $1.78bn capital-raising announced last July, which included a $250m contribution from the Japanese entertainment […]
Commonfund closes 13th VC fund at USD625m hard cap
Commonfund Capital has closed Commonfund Venture Partners XIII (CVP XIII) at its hard cap of USD625 million. The oversubscribed fund had strong participation from existing investors, as well as select new institutional limited partners. Investors in the fund include foundations, endowments, pensions, healthcare systems and family offices. Consistent with its twelve predecessor funds, CVP XIII […]
PatSnap secures USD300m Series E funding
PatSnap, a global leader in Innovation Intelligence, has secured USDD300 million in Series E funding. The investment round was led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and existing investors Sequoia China, Shun Wei Capital, and Vertex Ventures. PatSnap plans to use the funds to further advance its […]
China’s Baidu raises $3.1 billion from Hong Kong listing
Baidu Inc has raised $3.1 billion in its Hong Kong secondary listing, according to a filing by the Chinese internet search giant. New York-listed Baidu said it will sell 95 million shares at HK$252 ($32.45) apiece as part of the transaction. The retail tranche of the deal, which was worth 5% of the total share […]
