RCPDirect IV closes at $645.4m
RCP Advisors, a sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has held the final closing of RCPDirect IV (the Fund). The Fund was oversubscribed, with approximately $645.4 million in aggregate commitments, exceeding its target of $500 million. RCPDirect IV will continue the same investment […]
Telegraph Hill Partners raises $525m fifth fund for new life science and healthcare investments
Telegraph Hill Partners (THP), a venture capital and growth equity firm dedicated to building life science and healthcare technology businesses, has closed THP V, a new $525 million investment fund. The fund will make investments in innovative companies that are commercialszing advanced technologies in areas including life science tools, reagents, specialty chemistries, medical technology, medical […]
Churchill Asset Management raises $700m collateralized fund obligation
Churchill Asset Management, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their portfolio companies, announced the closing of its inaugural collateralized fund obligation. The $700 million collateralized fund obligation will invest across Churchill’s flagship private capital fund strategies – senior lending, junior capital, equity co-investment and private equity fund […]
Barings closes third vintage of European Private Loan strategy at €7B
Barings has completed fundraising for its European Private Loan Fund and associated vehicles, attracting total investable capital of €7 billion. The €7 billion raised exceeded Barings’ initial target. The European investment team has deployed €6 billion in the last 18 months across more than 80 transactions, resulting in the third vintage being over 50% invested. This successful […]
Sequoia China raises $9B as investors flock to big funds
Sequoia China, led by investment guru Neil Shen, has raised about $9 billion for investments in technology and healthcare, according to people familiar with the matter, overcoming the fundraising challenges that have beset the venture capital sector. Sequoia Capital and its Beijing affiliate have spent over a decade scattering more than $10 billion across China’s […]
ARCH Venture Partners closes $2.975bn Fund XII
ARCH Venture Partners has closed ARCH Venture Fund XII with $2.975 billion to invest in the creation, development and funding of early stage biotechnology companies. This new fund follows the January 2021 announcement of the $1.941 Billion ARCH Venture Fund XI. ARCH investments made from Fund XII will reflect the firm’s focus on companies formed […]
Hedge fund Viking Global seeks to raise $1B to back Cash-Hungry startups
Viking Global Investors is raising a structured equity fund, joining the likes of Coatue Management in seeking to provide capital to cash-hungry startups, a move that may help private companies delay raising money at lower valuations amid tumultuous public markets. The Greenwich, Connecticut-based firm is targeting at least $1 billion for the fund, which will […]
Endless raises £100m for Third Enact Fund
Private equity firm Endless has raised £100m for its third Enact fund to invest in UK SMEs. Enact III will principally target businesses based in the UK with an investment requirement of up to £10 million (an increase from £5m in Enact Fund II). Enact III will principally target businesses based in the UK with […]
TVS Motor in talks with TPG Capital and KKR to raise $300m for EV business
Two-wheeler automobile company TVS Motor is reportedly in talks with TPG Capital and KKR & Co to raise at least $300m for its electric vehicle (EV) business. Recently, Greaves Cotton became the other big player in the segment to raise overseas capital to strengthen foothold in the fast growing EV segment. It received an investment […]
Bob Diamond’s private equity firm raises funding from Qatar
Atlas Merchant Capital secures commitment of $100mn from Qatar Financial Centre and seeks $1.5bn from other investors Atlas Merchant Capital, which was co-founded by Diamond almost a decade ago, has received a non-binding commitment of $100mn from the Qatar Financial Centre (QFC), the Doha-based site through which international companies tend to do business in the […]
