KKR leads $68m Series B finding round in Advanced Navigation

KKR has led a $68 million (AUD108 million) Series B funding round in Advanced Navigation, a developer of AI robotics and navigation technology. The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund, […]

KKR leads $48m Series C Round in Indonesian digital trust provider Privy

KKR has led a $48 million Series C funding round in Privy, a digital trust provider in Indonesia. Existing investors MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi (TMI), and new investors including Singtel Innov8, also participated in the round. The investment will help Privy strengthen its position as a digital signature and digital identity […]

Thoma Bravo leads $70m TRM Labs series B expansion round

Global software investment firm Thoma Bravo has led a $70 million expansion to TRM Labs’ Series B funding round, bringing the raise to $130 million in total. Goldman Sachs and previous TRM investors including PayPal Ventures, Amex Ventures, Citi Ventures, and others, also participated in the round. The expansion follows TRM’s original $60 million Series […]

Chimera Capital and Alpha Wave Global launch inaugural credit fund with USD2B of commitments

Chimera Capital, an affiliate of Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified international portfolio of listed and private investments, and Alpha Wave Global, an investment company with multiple funds across asset classes, have launched Alpha Wave Private Credit, an open-ended credit fund, with initial commitments of USD2 billion. The perpetual fund, […]

Investcorp, Fung Capital to start $500m Greater Bay Fund

Investcorp, the Middle East’s largest alternative asset management firm, and the private equity arm of the Fung brothers’ family office are setting up a $500 million fund to invest in mid-cap companies across China’s Greater Bay Area. The fund will mainly focus on buyouts of firms in or close to the region that spans the […]

BlackRock and Manulife Investment Management back Zenyth Partners’ continuation fund

Zenyth Partners (Zenyth), a healthcare-focused private equity firm specialising in consumer-facing and tech-enabled healthcare services, has closed a continuation fund composed of both secondary and primary capital commitments, co-led by funds managed by BlackRock and Manulife Investment Management with support from Newbury Partners. The fund has acquired minority stakes in three portfolio companies (the Sale […]

Russell Investments launches new global unlisted infrastructure fund

Global investment solutions provider Russell Investments has launched a new global unlisted infrastructure fund. The Luxembourg-domiciled open-ended private markets fund aims to invest in opportunities that address the need for new infrastructure solutions to meet evolving social and economic demands. It is classified as Article 8 for SFDRi purposes, in line with the firm’s commitment […]

Airwallex maintains $5.5B valuation with $100m Series E extension

Airwallex, a global fintech platform, has closed its $100 million Series E extension (Series E2) with the same $5.5 billion valuation, securing additional funds from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. HostPlus, an Australian industry superannuation fund, as well as a leading North […]

Ares closes oversubscribed Tenth Value-Add U.S. real estate fund at $1.8B

Ares Management has held the final closing of its Ares U.S. Real Estate Fund X. It was oversubscribed with $1.8bn of commitments relative to its $1.5bn target and is more than 75% larger than its predecessor fund, which closed at $1.04bn in November 2018. “With the closing of the tenth fund in this series, we […]

Moonfare joins the Greater Share initiative

Moonfare, the leading digital global private equity investment platform, has become the latest fund provider to bring its expertise and capabilities to support the Greater Share education model. Greater Share is an innovative UK-based initiative that aims to combine philanthropy with private equity to generate hundreds of millions of dollars in long-term grants for education charities […]