Twin Bridge Capital Partners closes fifth flagship fund at over $880m
Twin Bridge Capital Partners (Twin Bridge) a private equity firm that targets investments in the North American small and lower middle market, has closed its fifth flagship lower middle market fund, Pacific Street Fund V, with more than $880 million in capital commitments. Fund V was oversubscribed and exceeded its $800 million target. Twin Bridge […]
ECP closes $1.6B continuation fund for Calpine Corporation
ECP has closed a continuation fund with $1.6 billion in capital commitments. The fund has subsequently signed a purchase and sale agreement to acquire a portion of Calpine Corporation (Calpine), an USA-based, privately held power company, from ECP III and ECP IV, along with consortium investors. The fund is supported by new and returning limited […]
Accel’s new global growth-stage fund closes at $4B
Venture capital firm Accel’s new global late-stage “leaders” fund, has closed with $4 billion in capital commitments, according to a report by Deal Street Asia. The Silicon Valley firm’s previous fund closed at $2.3-billion fund closed in December 2020. Accel also Accel is reported as saying that the new fund complements its early-stage and growth-stage […]
Brookfield raises $15B for climate-focused fund
Canada’s Brookfield Asset Management, said it had raised $15bn for its first impact fund focused on the global transition to a net-zero carbon economy. In the first five months of this year investors added $7.5bn to U.S. sustainable funds including those focused on environmental, social and governance (ESG) considerations, after putting a record $69.2bn of […]
LGT Capital Partners holds final close of Crown Asia-Pacific Private Equity V at USD 1.65B hard cap
LGT Capital Partners has held the final close of Crown Asia-Pacific Private Equity V (CAPE V), its fifth private equity investment programme investing in the Asia-Pacific region, at the hard cap of USD1.65 billion and above the target fund size of USD1 billion. The fund’s investor base includes more than 50 institutions, including pension funds, […]
ICG closes fund dedicated to GP-led secondaries at $5B
ICG has held the final close of the ICG Strategic Equity IV fund, which is focused on GP-led secondaries, at over $5 billion in capital commitments, according to a report by Secondaries Investor. SE IV is backed by investors including CalPERS – the California Public Employees’ Retirement System ($250 million), Fubon Life Insurance ($65 million), […]
Polestar SPAC merger poised to raise $850m
Polestar and Gores Guggenheim, the special purpose acquisition company (SPAC) planning to merge with EV maker, said Tuesday that they expect the deal to raise at least $850m. The companies noted in their release Tuesday that the preliminary redemption elections are expected to reach a maximum of 25 percent. The lower the number the better […]
Ocado raises £575mn to fund grocery ecommerce technology rollout
Online retailer is fitting out a pipeline of customer fulfilment centres for clients around the world Ocado has raised £575mn from investors as the group seeks to lock in funding for the costly rollout of its grocery ecommerce technology. It raised an additional £3mn through selling shares to management and in a separate offering designed […]
Yes Bank close to raising up to $1B from Carlyle, Advent
Yes Bank is in advanced stages of negotiations to close a $1bn equity fundraise from private equity firms Carlyle and Advent International, two people aware of the development said. The fundraising talks had been progressing slowly because of the asset reconstruction company (ARC) deal that Yes Bank was running to offload a large chunk of […]
U.S. energy developer Double Eagle raises $1.7B for new venture
Double Eagle, a team of prolific oil and gas developers focused on the Permian basin, have raised more than $1.7bn from a group of investors to fund their latest venture, according to a statement to Reuters on Sunday. The sum is one of the largest pools of capital dedicated to oil and gas development raised […]
