ADB returns as a limited partner for OrbiMed’s fourth Asia healthcare PE fund
Healthcare-focused investment firm OrbiMed has received a Limited Partner (LP) commitment from Asian Development Bank (ADB) for its fourth Asia private equity fund that was launched last year. ADB said in a statement that it has signed a $75 million (around Rs 550 crore) equity investment in OrbiMed Asia Partners IV, LP that will focus […]
Foresight holds interim close of FEIP at EUR430m
Infrastructure and private equity investment manager Foresight Group has held an interim close for Foresight Energy Infrastructure Partners (FEIP) with commitments of cEUR430 million. Including co-investments to date, this represents a total capital pool in excess of EUR600 million. This close sees new investment from Postens Pensionsstiftelse, investment manager of the Swedish National Post Service, […]
Albion Capital launches GBP45m VCT fundraising
Albion Capital is seeking to raise up to GBP45 million through top up offers for five of its venture capital trusts. The fundraising targets the following amounts across the Albion VCT range: Albion Technology & General VCT PLC – GBP14 million; Kings Arms Yard VCT PLC – GBP12 million; Albion Development VCT PLC – GBP7 […]
Private Credit Shop Pemberton Adds $2.2 Billion to War Chest
Pemberton Capital Advisors LLP has raised more than $2.2 billion for its flagship strategy of providing credit to mid-sized companies in Europe. The private credit manager held a first close for the mid-market strategy, which focuses on core direct lending, at the end of 2020, according to a person familiar with the matter who asked […]
Global Investor Sixth Street Raises USD 1.2bn For Europe Direct Lending Fund; 25% Oversubscribed
The Fund has a mandate to provide direct lending for middle market and growth companies across Europe. Sixth Street Partners LLC, a San Francisco, California-based global investment firm, announced today the raise of EUR 1.0bn (USD 1.2bn) in total capital commitments for its second Europe direct lending fund, Sixth Street Specialty Lending Europe II LP […]
TVS Capital Funds marks final close of new vehicle
Homegrown private equity firm TVS Capital Funds has made a final close of its new rupee-capital fund on the back of significant demand from institutional investors in the last quarter of 2020, according to a spokesperson. The final closure, which comes two years after the first closure in late 2018, has marginally overshot its target […]
Silver Lake’s astonishing $18B in 3 months leads list of PE pandemic defiers
For the last 10 years, it has taken an average 15 to 18 months for a private equity fund to close, according to Preqin data. In 2020, a list of private equity firms in North America has shattered those parameters, gathering multibillions of dollars in a few months. “When you have a look at the […]
Ares Raises USD 11bn for its Largest-ever Europe Credit Fund
As a direct lending fund, the Fund has a mandate to provide debt capital to European middle-market companies. Ares Management Corp, a Los Angeles, California-based global alternative asset manager, has raised USD 11bn in total capital commitments for its fifth Europe credit fund, Ares Capital Europe V (the Fund), according to a filing with the […]
Indian electronics and lifestyle startup “Boat” raises $100 million from Warburg Pincus
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story to date in the world’s second-largest internet market. An affiliate of Warburg Pincus, a New York-headquartered private equity firm, financed the entire Series B round for the four-year-old […]
Chinese video platform Bilibili to raise over $2 billion in Hong Kong listing
GUANGZHOU, China — Chinese video platform Bilibili is getting ready for a secondary listing in Hong Kong which could raise more than $2 billion, higher than it anticipated last year, a source close to the matter told CNBC. Bilibili, which is currently listed on the Nasdaq, is likely to file for the Hong Kong public […]
