NYSCRF commits $650m to KKR, Northleaf infrastructure funds
New York State Common Retirement Fund (NYSCRF) has disclosed making $650m (€547m) worth of infrastructure fund commitments in June. NYSCRF said it placed $500m into the KKR Global Infrastructure Investors IV fund and $150m into the Northleaf Infrastructure Capital Partners III (NICP III) fund. The $268.3bn pension fund told IPE Real Assets that the KKR […]
Jet Edge Has Acquired 27 Private Jets After Securing $150 Million From KKR
Los Angeles-based Jet Edge International has acquired 27 super midsize and large cabin private jets. The announcement comes just a little over two months after the charter operator announced it had secured a $150 million line of credit from KKR. The move comes in a market where demand is outstripping supply. One aircraft broker says he was […]
Investcorp And ADDX Tokenise US Real Estate Fund, Embark on New Alternative Investment Partnership
Investcorp and private capital exchange ADDX – formerly known as iSTOX – announced today a long-term partnership to expand the use of digital securities in the alternative investment or private market space. The collaboration promises a more seamless, coordinated delivery of opportunities to end-investors and will benefit accredited corporate and individual investors, offering them easier access […]
Abu Dhabi’s Mubadala Capital closes $1.6bn for private equity Fund III
Abu Dhabi’s Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, part of the UAE sovereign wealth fund, has closed its third Private Equity fund, MIC Capital Partners III (Fund III), with total commitments of $1.6 billion, surpassing its initial target. Fund III raised capital commitments from new and existing investors, including leading pension […]
Warrington tech group secures £40million investment
Chrysalis, which has previously backed THG and Sorted, has made a £40m investment in Tactus Group. The Warrington-based consumer technology business said it would be using the cash to accelerate its “international buy-and-build” strategy, with a number of targets already identified. It comes after it signed a deal with US electronics retailer, Best Buy, to sell […]
Samsung decides to exit vehicle venture
A few days after the release of Samsung Electronics Vice Chairman Lee Jae-yong from prison on parole, Samsung decided to end its 26-year auto venture with Renault. In a regulatory filing to the Korea Exchange (KRX), Thursday, Samsung Card said the Samsung Group’s card issuance affiliate is on track to sell off stake it owns […]
Permira mandates Goldman Sachs for up to $2 billion sale of Tricor
Private equity firm Permira has mandated Goldman Sachs to run a sale of business services company Tricor Group in a deal that could fetch up to $2 billion, three people with knowledge of the transaction. The sale process is expected to kick off soon after an initial gauge of market interest. Permira is targeting a […]
PRO Unlimited to acquire Workforce Logiq via agreement with EQT Private Equity
PRO Unlimited, a modern workforce management platform provider, through an agreement with EQT Private Equity, is to acquire Workforce Logiq from funds managed by Carlyle later this year, subject to customary regulatory approvals. This transaction will combine two leading-edge companies that share a common strategic approach in solving its diversified clients’ contingent workforce management needs […]
HIG WhiteHorse finances Groupe Astek
HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital (HIG), has arranged a financing package for Groupe Astek (Astek), which includes a significant growth capital component. Astek is the last independent and fully private global French engineering & IT consulting specialist. It is headquartered in Boulogne-Billancourt, France with over 500 employees operating in […]
Adverity secures $120m from SoftBank Vision Fund 2
Marketing analytics platform Adverity has closed a $120 million Series D financing round led by SoftBank Vision Fund 2, with existing investor Sapphire Ventures also participating in the round. Adverity’s mission is to transform marketing performance through intelligent data-driven insights. The Vienna-born business – with offices in London and New York – has seen a […]
