Bain Capital raises $1 bln in first Japan-focused private equity fund
Global private equity firm Bain Capital has closed its maiden Japan-focused fund, which will target mid-sized companies, at 110 billion yen ($1 billion), a person with direct knowledge told Reuters on Friday. Bain, as manager of the fund, committed 10 billion yen to the total capital and will invest an additional 12.5 billion yen alongside […]
Inovo closes latest VC fund at EUR54m
Inovo, a venture capital firm investing in technology startups across Poland and Central & Eastern European region (CEE), has today announced the final close of its second fund, Inovo II, at EUR54 million A range of global funds, entrepreneurs and family offices joined the European Investment Fund (EIF) as the cornerstone investor. Inovo specialises in […]
Revolut targets $10bn valuation in upcoming funding round
Revolut is eyeing a new fundraising round which would see the challenger bank’s valuation soar to more than $10bn. Last summer the neobank raised a further $80m to close out its series D funding round from private equity firm TSG, valuing the company at $5.5bn. Now Revolut has enlisted the help of US-based investment bank […]
Maverix Private Equity chooses SS&C for inaugural fund launch
Maverix Private Equity has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund. Maverix will use SS&C GlobeOp’s full suite of private capital fund services to support the Maverix Growth Equity Fund, including its fund accounting, investor services, reporting and data analytics. SS&C’s Toronto team will oversee services for the fund. Maverix […]
Tomorrow Health Raises $25 Million Series A Financing to Deliver Seamless Home Healthcare at Scale
Platform brings efficiency to $75B Durable Medical Equipment market, significantly improving experience and trust of home-based care for patients Tomorrow Health, the leading patient-first platform for home healthcare, today announced it has closed a $25 million Series A round of funding led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company will utilize the […]
China’s CPE reaches first-close of US$3b new private equity fund
China’s CITIC Private Equity (CPE) aims to raise US$3 billion in a new dollar-denominated fund and has reached a first-close of US$1.8 billion, a person with direct knowledge told Reuters on Friday. CPE is planning to complete the fundraising by year-end, said the person, who declined to be named as the information is confidential. After […]
Brightstar Capital Partners Closes Fund II at $1.27 Billion
Brightstar Capital Partners, a private equity firm focused on partnering with families, founders, entrepreneurs, and management teams, announced today that it has successfully closed its second flagship fund at its hard cap, with total commitments of approximately $1.27 billion, inclusive of approximately $60 million from the general partner. Brightstar Capital Partners Fund II, LP (“Fund II”) marks the […]
IPI Partners Closes Second Data Center Fund at $3.8 Billion
IPI Partners, LLC (IPI), a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets, today announced the final closing of IPI Partners II, L.P. (IPI II) at $3.8 billion. IPI’s second fund attracted demand well in excess of its target, reflecting strong support from a global institutional investor base. […]
Lakeshore Capital holds final close of Fund II at USD150 million hard cap
Lakeshore Capital (Lakeshore), a Thailand and Greater Mekong area focused mid- market private equity firm has held the final closing of Lakeshore Capital II LP at its USD150m million hard cap The Fund was oversubscribed within 4 months of its official launch last year, finishing above its target fund size and more than double the […]
Norway Wealth Fund Could Allocate Up to $80 Billion to Outside Firms
Norway’s sovereign wealth fund, the world’s biggest, wants to allocate a larger chunk of its $1.3 trillion portfolio to external asset managers, describing their performance so far as “fantastic.” The Oslo-based investor already raised its allocation target for external asset managers at the end of last year, bringing it to 5% from just under 4%. […]
