Commonfund Capital closes third global private equity fund at USD236m
Commonfund Capital has held the closing of its third global private equity fund, Commonfund Capital Global Private Equity Partners III at USD236.6 million, above its prior global fund that closed at USD228.8 million. The fund had strong participation from existing limited partners as well as a number of new investors; limited partners included pensions, foundations, […]
Warburg Pincus seeks $16 billion for private equity fund
Warburg Pincus LLC is seeking to raise $16 billion from investors for its latest flagship global private equity fund, its biggest ever, according to people familiar with the matter. The New York-based firm is in the early stages of raising Warburg Pincus Global Growth 14, and prospective investors are already looking to make commitments to […]
Carlyle leads $312 million funding round for Japanese unicorn Spiber
Global private equity firm Carlyle said on Wednesday it led a $312 million funding round for Japanese biotech company Spiber Inc, joining other global investors in betting on a growing number of late-stage Japanese startup firms. Carlyle’s 10 billion yen ($91 million) stake in Spiber represents the group’s first non-buyout, minority investment in an unlisted […]
Volkswagen to set up venture capital fund in decarbonization push
Volkswagen AG (VOWG.DE) said on Tuesday it planned to set up a venture capital fund, which would initially invest 300 million euros ($355.14 million) in decarbonization projects and start-ups. “Decarbonization will make many things more affordable, not more expensive,” Herbert Diess, chief executive officer of Volkswagen, said in a LinkedIn post, adding that reducing carbon dioxide is possible without […]
MiddleGround Capital raises over USD1bn less than two years after raising USD460m debut fund
MiddleGround Capital, a Kentucky-based, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, has held final closes on its flagship fund MiddleGround Partners II, LP and a specialty vehicle focused on automotive investments, Mobility Opportunity Fund, LP. Both funds were oversubscribed with strong support from Fund I Investors. […]
GrowthGenius Secures $1.8M in Funding to Scale Sales Prospecting Automation Platform
GrowthGenius, an all-in-one sales automation platform, today announced the close of a $1.8M investment ound led by FirePower Capital’s private equity arm. The new funding, which will be a mix of term debt and equity, aims to accelerate the nearly 200% annualized revenue growth since the beginning of the year. “We built GrowthGenius to help […]
Bee Alternatives appoints Apex Group for fund admin
Apex Group (Apex) has been appointed, to provide fund administration and regulatory services to Bee Alternatives Limited (Bee Alternatives), an independent manager dedicated to secondary private equity investments. Bee Alternatives has its origins as part of Ant Capital Partners Co Ltd (Ant Capital), where the team were one of the pioneers of secondary investments in […]
Software firm Postman valued at $5.6 billion after funding round
Software company Postman said on Wednesday it was valued at $5.6 billion after raising $225 million in a funding round led by venture capital and private equity firm Insight Partners, which is an existing investor in the company. Founded in the Indian city of Bengaluru in 2014, Postman is an application programming interface (API) platform. […]
FRISS Raises $65 Million Series B Funding Led by Accel-KKR
FRISS, the most widely adopted provider of AI-powered end-to-end fraud prevention and detection solutions for P&C insurers worldwide, today announced it closed a $65 million Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline. The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines […]
Private equity firm TPG raises $5.4 billion for climate fund
TPG has raised $5.4 billion for its inaugural fund under its climate investing strategy from a number of high-profile investors including Allstate Corp and Hartford Financial, the private equity firm said on Tuesday. The TPG Rise Climate was launched in early 2021. Hank Paulson, a former U.S. Treasury Secretary, is the executive chairman of the […]
