HGGC closes Fund IV at over $2.5B
HGGC, a middle-market private equity firm with a sector-focused approach, has completed fundraising for HGGC Fund IV (Fund IV) with $2.54 billion of capital commitments. Fund IV exceeded its $2.25 billion target and continued to diversify its global limited partner base, including a significant commitment from the General Partner and its affiliates, who collectively remain […]
MegaRobo raises $300m in Goldman Sachs-led funding round
MegaRobo Technologies, a Chinese start-up that uses artificial intelligence and robotics in life sciences research, has raised $300 million in a funding round led by Goldman Sachs Asset Management, Asia Investment Capital and GGV Capital. The six-year-old company is the latest start-up from the pharmaceutical industry to capitalize on a jump in investor interest in […]
Third Rock Ventures raises $1.1B fund VI
Third Rock Ventures has held the closing of Third Rock Ventures Fund VI, with $1.1 billion in capital commitments. Third Rock employs a hands-on approach to partnering with founders to build companies and provides early and rigorous integration of science, medicine, business and strategy to build successful companies. To date, Third Rock has raised $3.8 […]
Sagard Reaches Final Close On $1.17 Billion Private Debt Fund
Toronto-based alternative asset manager Sagard Holdings Inc. has raised about $1.17 billion for its second private debt fund from institutional and strategic investors across the US, Canada and Europe. The Sagard Credit Partners II vehicle is targeting an internal rate of return of between 10-12%, well above the yield on the Bloomberg US Corporate High […]
Magic Spoon Closes Series B Round Led by Mark Bezos’ HighPost Capital
Magic Spoon announced a $85M Series B fundraise led by HighPost Capital, co-founded by Mark Bezos. The capital will fund its first-ever retail launch exclusively into Target stores nationwide. HighPost Capital is joined by Siddhi Capital, Coefficient Capital, Constellation Capital, Carter Comstock, and more. Celebrity investors include Shakira, Russell Westbrook, Halsey, The Chainsmokers, Nick Jonas, […]
Sequoia raises $2.85B for India, Southeast Asia startups
Sequoia India and Sequoia Southeast Asia have raised $2.85bn across a set of funds, including India venture and growth funds and an $850m Southeast Asian fund, the venture capital fund’s first dedicated fund for Southeast Asia region. Moneycontrol had reported in February that Sequoia Capital India had written to its US parent and investors to […]
Victory Park Capital closes asset-backed opportunistic credit strategy on $2.4B
Victory Park Capital (VPC), a global alternative investment firm specialising in private credit, has held the final close for Asset Backed Opportunistic Credit strategy. The fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the fund. The strategy seeks to provide customised credit solutions to established and […]
DCP holds first close of second China-focused fund at $2.5B
Private equity firm DCP Capital, whose backers include Ping An Insurance and Mengniu Dairy, has held the first closing of its second China fund at $2.5 billion, according to a report by Deal Street Asia. CP Capital Partners II, which has a total target of $3 billion, DCP Capital Partners II and has secured capital […]
SpaceX raises $1.68B, under its targeted financing goal
Elon Musk’s SpaceX raised $1.68 billion in fresh financing, less than what it had offered investors for a stake in the closely held rocket launch and satellite company. Hawthorne, California-based Space Exploration Technologies Corp., as it’s formally known, sold the equity to a group of 74 investors having offered $1.72 billion of equity, the company […]
Apollo, Carlyle see buyout fundraising slow with markets on edge
After buyout firms enjoyed years of raising money at a rapid clip, Apollo Global Management Inc. and Carlyle Group Inc. are sending their strongest signal yet that era is fading. Apollo, among the most aggressive private equity firms in gathering cash, told investors earlier this year it planned to raise its $25 billion fund in […]
