EV Battery Startup Lohum Raises $7 Mn From Baring Private Equity Partners
New Delhi-based battery maker Lohum Cleantech is looking to expand its manufacturing and recycling capabilities, Lohum also plans to raise an additional $20 Mn in funding in the coming months.In the next three years time, Lohum aims to earn revenue of $6.5 Mn (INR 500 Cr) New Delhi-based electric vehicle battery manufacturing and recycling startup […]
TPG Growth and The Rise Fund Make Major Investment in Greenhouse Software
TPG Growth and The Rise Fund today announced that they have signed a definitive agreement to partner with Greenhouse, the leading hiring software company used by over 4,000 businesses, as a majority investor. TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, the global impact investing platform managed by TPG, […]
Blackstone Private Credit Fund Breaks Escrow with Net Proceeds of $814 Million
Blackstone announced that Blackstone Private Credit Fund (“BCRED”), the firm’s non-listed business development company (“BDC”), broke escrow with approximately $814 million in net proceeds for its continuous public offering on January 7, 2021. With leverage, BCRED may have approximately $1.8 billion of investable capital. Blackstone Credit manages approximately $135 billion of assets overall and invests […]
Audax Private Equity Announces Successful Closing of $1.7 billion Continuation Fund
Successful Closing of $1.7 billion Continuation Fund Led by AlpInvest Partners, Lexington Partners, and Hamilton Lane Audax Private Equity (“Audax”) announced today the successful completion of its first Continuation Fund. The fund is comprised of $1.7 billion in capital commitments, which funded the purchase of portfolio companies from Audax Private Equity Fund IV, a 2012 […]
BGF anticipates strong pipeline for 2021 after investing GBP37m in businesses in 2020
BGF anticipates a strong pipeline for 2021 after marking a strong run of investment activity in 2020, despite the challenging economic backdrop of Covid-19. Over the last nine months, the investment team for Scotland and Northern Ireland has delivered a cornerstone investment in Scotland’s first IPO for two years, invested GBP37 million in over 12 […]
BlackRock assets surge to record $8.68tn
World’s largest fund manager boosted by run in equities that helped it beat forecasts BlackRock’s assets under management swelled to a record $8.68tn in the fourth quarter and chief executive Larry Fink said he expected the momentum to continue in 2021 on the back of robust recovery in the global economy. “We are seeing more […]
Investec launches inaugural direct lending fund
Investec Bank (Investec) has held the first close of its inaugural debt fund, Investec Private Debt Fund I (PDFI), a discretionary direct lending fund with capital commitments of EUR165 million. Investec PDFI (the fund) is a close-ended Luxembourg-based special limited partnership focused on providing senior secured debt (including unitranche) and subordinated debt for PE and […]
Why Yellen’s Wall Street windfall is getting a pass
The former Fed chair’s past comments help explain why many Democrats are confident she won’t be beholden to financial interests. Treasury Secretary-nominee Janet Yellen’s revelation that she received more than $5 million in speaking fees from financial firms raised concern among some progressives that she’s too cozy with Wall Street. But a review of her public […]
Philippine mobile wallet GCash attracts over $175 mln in fresh capital
MANILA, Jan 11 (Reuters) – Philippine mobile wallet GCash has raised more than $175 million in investment from a New York-based private equity fund, the financial technology arm of Globe Telecom Inc said. GCash operator Globe Fintech Innovations Inc, also known as Mynt, said in a statement it had secured fresh capital from ASP Philippines […]
Hamilton Lane launches new fund to expand access to private markets for individual US investors
Private markets investment management firm Hamilton Lane has launched the Hamilton Lane Private Assets Fund (PAF), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (’40 Act). This registration makes the Fund more widely available to qualified US clients, including certain high-net-worth (HNW) investors and their […]
