Trivest closes Trivest Fund VII and Trivest Discovery Fund II
Trivest Partners (Trivest) has closed Trivest Fund VII (Fund VII) and Trivest Discovery Fund II (Discovery II) with approximately $950 million and $600 million of total capital commitments (including Trivest commitments), respectively. Both funds were oversubscribed and the fundraise for each fund was substantially completed in a single closing. Raised concurrently, Fund VII and Discovery […]
FFL Partners raises over $900m for fifth fund
FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has held the final closing of FFL Capital Partners V, and related vehicles , with over $900 million in total capital commitments. FFL closed the oversubscribed Fund V well above its $750 million target, raising the firm’s total AUM to […]
KKR closes inaugural Asia Credit Fund at $1.1bn
Global investment firm KKR has held the final close of KKR Asia Credit Opportunities Fund (ACOF), a $1.1 billion fund focused on performing privately originated credit investments in Asia Pacific. KKR’s Asia Credit platform seeks to provide bespoke private credit solutions to companies and sponsors which harness the strength of KKR’s alternative investment capabilities and […]
Cathay Capital launches new €500m health fund
Cathay Capital has launched Cathay Health, a new €500 million global fund dedicated to investing at the convergence of healthcare, life sciences and technology. Building on the success of the firm’s investment track record and platform, the new fund will focus on venture to growth-stage companies across Europe, North America and Asia. Cathay Health represents […]
AfricInvest closes largest African midcap-focused fund at over $400m
AfricInvest, an investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has held the final close of AfricInvest Fund IV with total commitments of $411 million. Launched two years ago with a hard cap of $400 million, AfricInvest IV received investment from new and returning institutional […]
Angelo Gordon Raises $3.1 Billion for Second Credit Solutions Fund
Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, today announced the final close of the AG Credit Solutions Fund II, L.P. (the “Fund”) with $3.1 billion of equity commitments, exceeding the Fund’s $3.0 billion target in seven months from the initial to final close. The Fund received significant […]
Advent Raises One of Biggest-Ever Buyout Funds at $25 Billion
Advent International has raised $25 billion for the second biggest private equity fund on record. The fund — Advent International GPE X LP — drew commitments from pension funds, sovereign wealth funds, endowments and high-net-worth individuals while boosting the firm’s assets under management to over $100 billion. The vehicle reached its hard cap, or the […]
Software firm SpotOn valued at $3.6bn after Dragoneer-led funding round
SpotOn said on Wednesday it had raised $300m in a late-stage funding round led by investment firm Dragoneer, which valued the software maker at $3.6bn. The fundraise also saw participation from growth-stage venture capital fund G Squared and existing investors Andreessen Horowitz, DST Global, Franklin Templeton and Mubadala Investment Company. In September, SpotOn had raised […]
ICG holds final close of Asia Pacific Fund IV ICG at $1.1bn
Global alternative asset manager ICG has held the final close of its Asia Pacific Fund IV at $1.1 billion, exceeding its target of $1 billion. Fund V, which is 60 per cent larger than its predecessor fund, received support from a broad and international group of investors looking for exposure to Asia and is currently […]
GoldenTree Is Making Its Biggest Bet Yet on Private Credit With $1.5 Billion Fund
Steve Tananbaum is making his biggest bet to date on one of the hottest corners of Wall Street: private credit. GoldenTree Asset Management, the credit investment firm he founded over two decades ago, is looking to raise as much as $1.5 billion for its first fund dedicated to providing loans directly to companies, according to […]
