Stellus Capital Management closes Stellus Credit Fund III at $1.8bn
Stellus Capital Management, a specialist in middle market direct lending, has held the final close of Stellus Credit Fund III (SCF III) with approximately $1.8 billion on investable capital, including target leverage, capital commitments to SCF III, investor-specific vehicles, and a newly launched private Business Development Company (Stellus Private Credit BDC (SPBDC). SCF III, the […]
Zolar closes €100m Series C led by EIP and GIC
Zolar, Germany’s leading digital solar platform, has raised €100 million in a Series C round led by the US-investor Energy Impact Partners (EIP) and GIC, Singapore’s sovereign wealth fund. Existing investors including Inven Capital, Heartcore Capital, Statkraft Ventures and Pirate Impact Capital also participated in the round. With the investment zolar will roll out new […]
Troob Capital Management holds $209m close of second Tactical Opportunities Fund
Troob Capital Management (TCM), a private investment firm specialising in providing capital solutions to entities in underserved market segments, has closed its TCM Tactical Opportunities (TCM Tac Opps) Fund II LP at $209 million. TCM Tac Opps Fund II offers an unconstrained approach for providing access to debt or equity capital to companies with liquidity […]
Thought Machine raises $160m in Series D round led by Temasek
Thought Machine, a cloud native banking technology company, has closed a series D funding round, led by Temasek, a global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley. Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB. Thought Machine is now valued at […]
Lightrock closes new $300m fund for Latin America
Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s biggest challenges, has closed a new $300 million growth equity fund for Latin America. Headquartered in London, UK, Lightrock currently has over $3 billion in assets under advice invested in 14 countries across Europe, the USA, Latin America, Asia and Africa. For […]
Velocity Global Nabs Multibillion Value With $400 Million Raise
Velocity Global, a startup aiming to ease the process of hiring remote and international workers, has raised $400 million in a Series B round. The financing was led by investment firms Norwest Venture Partners and Eldridge Industries LLC, according to a statement provided to Bloomberg News. The round has boosted the company’s valuation seven-fold since […]
Clearlake Capital Wraps Up Latest Fund With $14.1 Billion
Clearlake Capital Group, L.P. (“Clearlake”), an investment firm that focuses on technology, industrials, and consumer industries, announced today it has completed fundraising for its seventh flagship private equity fund, Clearlake Capital Partners VII (“Fund VII”), with more than $14.1 billion in commitments. With an initial target of $10 billion, Fund VII reached its hard cap […]
HSBC Alternative raises USD1bn for UK direct lending strategy
HSBC Asset Management’s (HSBC AM’s) UK-focused direct lending capability has attracted USD1bn in commitments from institutional investors in its first year. The direct lending strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities, which now fall under a single business unit HSBC Alternatives. The direct lending capability […]
BlackRock Impact Opportunities Fund Targets $1bn
BlackRock has secured more than $800 million in initial commitments toward its $1 billion target for the BlackRock Impact Opportunities Fund. This new fund, the first multi-alternatives strategy of its kind, is already beginning to invest in businesses and projects owned, led by, or serving people of color, with a particular focus on Black, Latinx, […]
NovaQuest Private Equity Closes Oversubscribed Fund II at $500 Million Hard Cap
QHP Capital, L.P., the management company for NovaQuest Private Equity, today announced the final close of its private equity investment fund, NovaQuest Private Equity Fund II, LP at $500 million of LP commitments. NQPE II closed at its hard cap, exceeding the fund’s initial target of $425 million, and was fully committed in less than […]
