Apax closes Apax Digital Fund II at USD1.75bn hard cap
Apax, a global private equity advisory firm, has held the the final close of Apax Digital Fund II (ADF II) at its USD1.75 billion hard cap. The fund will invest in high-growth technology companies globally. ADF II will pursue the same strategy as its predecessor fund, targeting minority growth and growth buyout opportunities in rapidly […]
Ara Partners closes second fund with $1.1bn of capital commitments
Ara Partners (Ara), a private equity firm specialising in industrial decarbonisation investments, has closed Ara Fund II (Fund II) with approximately $1.1 billion in capital commitments. The Fund was significantly oversubscribed, exceeding its $650 million initial target and increasing its hard cap. The Fund received commitments from a diverse set of returning and new institutional […]
Eurazeo increases stake in VC firm Kurma Partners
Eurazeo is to raise its stake in Kurma Partners, a French venture capital firm specialising in biotechnology and medical innovation, to 70.6 per cent. This transaction coincides with Kurma’s launch of a third investment strategy, Growth Opportunity, to support more mature companies, with late stage clinical or early commercial stage asset, in which Eurazeo will […]
SoftBank backs Steven Mnuchin’s $2.5bn private equity fund
Trump’s ex-Treasury secretary secures investment from Japanese conglomerate for new vehicle Japan’s SoftBank has followed Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala in backing a new $2.5bn private equity fund set up by former US Treasury secretary Steven Mnuchin just eight months after he left office. Mnuchin launched Liberty Strategic Capital earlier this […]
Longford Capital raises USD682m for new investment fund
Longford Capital Management, a specialist in commercial litigation finance, has held the final closing of its most recent fund (including a parallel fund, Fund III), at USD682 million. Longford’s assets under management now exceed USD1.2 billion, placing it among the largest private equity firms focused on investments in legal assets. Fund III is the third […]
Blackstone buys Boynton Beach apartment complex for $171M
An entity tied to New York-based investment behemoth Blackstone bought the One Boynton apartment complex for $171 million. The buyer, which lists several Blackstone executives, purchased the 494-unit apartment complex at 1331 and 1351 South Federal Highway in Boynton Beach from an affiliate of Atlanta-based RangeWater Real Estate, according to records. The deal breaks down […]
BlackRock tests Chinese retail appetite with mutual fund launch
BlackRock, the world’s largest asset manager, started selling its own mutual fund in China through a local subsidiary on Monday, tapping the fast-growing $3.6 trillion retail fund market. The launch of the actively-managed, unconstrained equity fund by BlackRock’s newly-established unit in Shanghai is being closely watched, said Ivan Shi, head of research at fund consultancy […]
N4 Partners adds former KPMG senior partner to Advisory Board
Glasgow-based investment N4 Partners (N4) has appointed former KPMG Partner, Phil Charles, to its Advisory Board. Charles has spent over two decades working at KPMG where he was latterly a Senior Partner, leading the global accountancy firm’s services to the Private Enterprise market across Scotland. An N4 spokesperson, says: “We’re delighted Phil has joined the […]
Blackstone wraps up $10B deal for QTS Realty
Blackstone has closed a previously announced deal to acquire QTS Realty Trust, a provider of data center space, for approximately $10 billion including debt. Funds for the investment will come via affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and Blackstone Property Partners. QTS Realty’s footprint spans more than 7 million square feet […]
Apex Group expands relationship with Launch Africa Ventures
Apex Group (Apex) has expanded its relationship with Launch Africa Ventures (Launch Africa), a Pan-African Venture Capital fund, addressing the significant funding gap in the Seed and pre-Series A investment landscape in Africa. Launch Africa invests capital, time, and expertise into leading B2B and B2B2C early-stage, technology-driven startups with strong management teams and scalable solutions. […]
