Audax Private Equity Partners with Stout to Support Future Growth

Stout, a leading global investment bank and advisory firm, today announced that Audax Private Equity (“Audax”) has agreed to make an investment alongside Stout’s employee shareholders to support future growth. As part of the transaction, existing Stout shareholders will maintain a meaningful equity stake in the firm and the Stout management team will continue to […]

BlackRock cuts fees on $14bn in ETFs

The $6.6bn iShares Floating Rate Bond ETF now carries a fee of 15 basis points BlackRock has shaved up to 10 basis points off the fees on eight ETFs, including a family of target-risk strategies and a popular floating-rate bond product, filings show. The new expense ratios went into effect immediately, according to disclosures. The […]

Digital content platform FaZe Clan to go public in $1 bln SPAC deal

Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion. Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial […]

Timber Bay Partners closes Fund II at $305m

Timber Bay Partners, a specialised private equity investment firm focused on General Partner-led secondary transactions in lower middle market buyout and growth equity businesses — has held the final closing of Timber Bay Partners Fund II, with more than $305 million in capital commitments, exceeding its target of $275 million. Metric Point Capital (Metric Point) […]

Private-Equity Firm KSL Capital Seeks $3 Billion for Sixth Flagship Fund

The private equity firm, which specializes in travel and leisure bets, has begun conversations with potential investors about the new vehicle. KSL Capital Partners LLC, a private equity firm that specializes in travel and leisure bets, is seeking $3 billion for its newest flagship fund, according to people with knowledge of the matter. The Denver-based […]

Aiven achieves $2bn unicorn valuation with Series C extension

Aiven, a software company that combines the best open-source technologies with cloud infrastructure, has secured $60 million in Series C extension at a $2 billion valuation bringing total Series C investment to $160 million. This extension, which brings Aiven’s total funding to date to $210 million, was co-led by existing investors World Innovation Lab and […]

Ping raises $750m for overseas private equity investing

China Ping An Insurance Overseas (Holdings) Limited, the main offshore investment and asset management platform of Ping An Insurance (Group) Company of China, Ltd (2318 HK, 601318 SH), together with its subsidiaries (Ping An Overseas Holdings), has successfully closed Ping An Global Equity Selection Fund II (the Selection Fund II), and Ping An GP Opportunities […]

VALK surges to $4bn in platform deals in past year

Private markets digital platform has achieved $4 billion-plus in assets and deals in a year as it continues rapid growth which has seen more than 70 financial institutions across Europe, North America, the Middle East, South America and Africa using its technology in 2021. VALK, which is backed by venture capital funds and strategic financial […]

Private equity cash puts more expansion on agenda at AAB

A Scottish business services provider is eyeing acquisitions and further expansion in England after investment from a private equity firm. Anderson Anderson & Brown is best known as an accountancy practice, but it also has operations in payroll, human resources and wealth management. Its 21 partners will continue to be shareholders even after the injection […]

Kirkland & Ellis boosts German private equity offering with Freshfields addition

At a busy time for private equity recruitment, Kirkland & Ellis has once again boosted the ranks of its private equity team with the addition of Dr Hendrik Braun in Munich, its sole office in Germany. Kirkland has been using its significant financial clout to make a series of hires from Magic Circle firms, with […]