Ecovadis raises $500m in funding round led by General Atlantic and Astorg

EcoVadis has raised $500 million in a funding round led by General Atlantic and Astorg, with participation from Princeville, GIC, Blackrock and GP Bullhound. This latest funding brings the total investment in EcoVadis to more than $735 million since its founding in 2007. Founded in France, EcoVadis is a leading provider of globally trusted business […]

Hg raises $11B for largest European buyout fund YTD

European private equity major Hg has raised $11 billion for its latest fund, Saturn 3, significantly ahead of its original $8.5 billion and making it the largest European buyout fund to close so far this ear, according to a report by Private Equity International. The fund which launched at the end of last year, reportedly […]

Sixth Street raises $4.4B to invest in fast-growing companies

Global investment firm Sixth Street has held the final close of funds totaling $4.4 billion in fresh capital commitments to invest in fast-growing businesses through the firm’s Sixth Street Growth platform. The funds closed at their hard cap. Sixth Street’s previous growth fund closed in 2019 with $2.2 billion in committed capital and invested in […]

Domain Capital raises more than $700m for commingled entertainment fund

Domain Capital Group and its subsidiary Domain Capital Advisors have closed more than $700 million in equity commitments for an entertainment fund and co-investment vehicle focused on film, television and music, with an allocation for other related investment opportunities. To date, the fund has deployed more than $170 million across the three media. The fund […]

LVMH-Backed L Catterton aims to raise $275m in first Yuan-Denominated fund

L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) for its first yuan-denominated fund, as it eyes early-stage investments in China. L Catterton, which has invested in Chinese soft drink brand Genki Forest and premium pet food […]

Wafra raises $1.5B to acquire minority stakes in alt asset managers

Wafra Inc has raised $1.5 billion for its fourth flagship fund which will look to acquire minority stakes in alternative asset managers, including private equity firms, according to a report by Reuters. The report cites Daniel Adamson, a Wafra senior managing director, as confirming that Capital Generation IV will target “lower middle-market” firms with less […]

KKR raises $6B for biggest Asia infrastructure fund

KKR & Co Inc has raised nearly $6bn for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region. The latest fundraising comes after the U.S private equity firm deployed most of the $3.9 billion capital raised in its debut Asia infrastructure fund […]

Credit Suisse seeks billions from investors in make-or-break shake-up

Credit Suisse plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it, sending its shares sliding. Chairman Axel Lehmann dubbed the plan a “blueprint for success”, but it fell flat with […]

Ridgemont Equity Partners closes fourth fund at hard cap with $2.35B in commitments

Ridgemont Equity Partners (Ridgemont), a private investment firm specialising in buyout and growth investments in industry-leading middle market companies, has closed Ridgemont Equity Partners IV (REP IV) at its hard cap with $2.35 billion in capital commitments. The fund significantly exceeded its initial target of $2.0 billion and brings the firm’s total assets under management […]

Bain Capital raises $2B for latest Tech Fund with eyes on Europe

Bain Capital has raised more than $2 billion for its latest Tech Opportunities Fund and plans to use part of the investment to expand its dealmaking in Europe. The private equity firm has surpassed its $1.5 billion target for the fund and expects to close in the near future, a person familiar with the matter […]