Astia launches USD100m VC fund with gender focus

Astia has launched a USD100m early-stage venture fund aimed at addressing the disparity in funding for companies that include women in founding or executive roles.   Astia Fund is led by an investment from Mastercard and will invest globally in high-growth companies that have at least one woman in an executive, equity-holding position. Last year, Astia […]

Gauge Capital closes Gauge Capital III at USD800m

Gauge Capital (Gauge), a middle market private equity firm, has closed its third fund with an oversubscribed first and final close of USD800 million in commitments. The Gauge Capital team is the largest investor in the fund and represents over 25 per cent of the committed capital. Ropes & Gray LLP served as counsel. Gauge […]

British startup BlackCurve secures GBP1m of new funding in over-subscribed round

BlackCurve, a pricing optimisation company, has closed a GBP1 million funding round, led by Chairman, Martin Fincham, with participation from Nauta Capital, The Cambridge Angels Network and other prominent Angels, members of the ScaleUp Group and then bolstered by a matching contribution from the UK Government’s Future Fund.  Founded in 2016, BlackCurve’s pricing optimisation platform […]

‘No-lo’ Cleanco raises GBP7 million as lockdown health trend spreads

British low-alcohol spirits startup CleanCo has raised GBP7 million from existing and new investors including Ursula Burns, board member of Uber and former board member of Diageo, and Stonebridge, a digital-first consumer brand investment firm set up by DTC entrepreneur James Cox. This latest investment takes the total raised by the no- or low- alcohol […]

Maneesh Dangi, A Top Fund Manager Is Turning Bullish on Riskier Indian Debt

(Bloomberg) — One of India’s top fund managers is turning bullish on higher-yielding rupee corporate bonds based on the view that the nation’s recovery will outpace the consensus estimate of economists. Maneesh Dangi, who oversees $25 billion of debt assets at Aditya Birla Sun Life AMC Ltd., expects India’s economy to expand by 13% in […]

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 […]

Affirm Raises $1.2B, Pricing Above Range In Hot IPO Market

Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday. What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc […]

Patron Capital raises €844m for pan-European property fund

Patron Capital, the pan-European institutional investor focused on property-backed investments, has raised €844 million ($1.038 billion) for its Patron Capital, L.P. VI (Fund VI) fund, including approximately €128 million ($157 million) of co-investment capital. Of the total €844 million raised for Fund VI, 83% came from Patron’s existing investor base and existing relationships, with the […]

GSK Velu-backed Stakeboat Capital rolls out second fund

Mid-market private equity firm Stakeboat Capital on Tuesday said it has launched its second fund that seeks to raise Rs 1,000 crore ($136 million). The second fund will continue to invest growth equity in small and medium enterprises (SMEs) in the form of control and buyout transactions, said Stakeboat in a statement. VCCircle had reported […]

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 […]