European Private Equity Deal and Fundraising Activity Near Record Highs in 2020 Despite COVID-19
PitchBook, the premier data provider for the private and public equity markets, today released its 2020 Annual European PE Breakdown Report, which found European private equity (PE) dealmaking rebounded from COVID-19 pressures to record its third-highest annual value in over a decade. After an initial pullback in Q2 2020, demand for new debt issuance and […]
‘No-lo’ Cleanco raises GBP7 million as lockdown health trend spreads
British low-alcohol spirits startup CleanCo has raised GBP7 million from existing and new investors including Ursula Burns, board member of Uber and former board member of Diageo, and Stonebridge, a digital-first consumer brand investment firm set up by DTC entrepreneur James Cox. This latest investment takes the total raised by the no- or low- alcohol […]
Sheridan Capital Partners Fund II closes above hard cap at USD306m
Sixpoint Partners, a leading global investment bank serving the middle market, has held the closing of Sheridan Capital Partners Fund II, above its hard cap with USD306 million of total capital commitments. Sheridan Capital Partners (“Sheridan”) is focused on making investments in lower middle market companies in recession resistant, non-discretionary markets within the healthcare industry. […]
Blue Horizon Ventures holds final close of flagship fund
Blue Horizon Ventures, a sustainable food system focused venture capital fund, has held the final close of its first flagship fund Blue Horizon Ventures I, well beyond its initial target size at EUR183 million. The fund has attracted Limited Partners (LPs) around the world, ranging from private investors (numerous large single and multi-family offices) to […]
Bill Gates-Led Fund Raises Another $1 Billion to Invest in Clean Tech
Here’s more evidence the clean-tech boom is only getting bigger. Breakthrough Energy Ventures, the clean-tech venture capital fund led by Bill Gates, has raised $1 billion for a second round of investments after backing 45 startups with its first billion. Created in 2016, BEV began funding startups just as the second wave of clean-tech investments […]
Godrej Fund Management hits first close of fund
Godrej Fund Management, the real estate private equity arm of the Godrej Group, has hit the first close of its $500 million (about Rs 3,660 crore) office development fund, the company said in a statement. The fund — GBTC II — has raised $200 million (Rs 1,465 crore) from Netherlands-based APG Asset Management NV, which […]
Claret Capital Partners launches Fund III
Claret Capital Partners Limited (Claret) (formerly Harbert European Growth Capital), has held the first closing of its third fund, Fund III, which will continue to invest in innovative growth stage tech and life science businesses throughout Europe primarily to support organic growth and M&A. Claret Capital Partners was formed through the MBO of Harbert European […]
Rivian raises $2.65B as it pushes towards production of its electric pickup
Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other […]
IFU leads $38m round in Daystar Power
The Investment Fund for Developing Countries (IFU), the Danish development finance institution, has led a Series B investment round of $38m in Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa “We believe that Daystar Power has the right elements — the client base, technology, engineering expertise, and executive leadership […]
Harness reaches USD1.7bn valuation with USD115m in new PE financing
Harness, a platform for software delivery, has raised USD115 million in financing, reaching a valuation of USD1.7 billion in just three years after launching from stealth. Alkeon Capital led a USD85 million Series C round, along with new investors Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures. The total funding includes […]
