Pathway Capital Management closes USD1bn custom co-investment fund

Pathway Capital Management is pleased has closed on USD1 billion for Pathway Co-investment Partners Fund V (PCPF V), a custom co-investment fund for a US-based institutional investor. PCPF V will focus on identifying and investing in co-investment opportunities globally alongside high-quality private equity managers in a variety of private equity strategies. PCPF V represents a […]

Baidu’s AI chip unit Kunlun completes new funding, at $2 billion valuation

Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about $2 billion. The fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, […]

KKR seeks $12 billion for flagship infrastructure fund

Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to people familiar with the matter. KKR began raising the fund, KKR Global Infrastructure Investors IV, late last year alongside its […]

Exabel closes USD9m seed round

Exabel, an analytics and data platform for investment teams, has closed a fourth seed investment round from investor AWC (formerly Awilhelmsen Capital Holdings), bringing its total capital raised to over USD21 million The company also announced today the launch of the new “Exabel Insights Platform” product for alternative data vendors. “We’re delighted to support Exabel’s […]

Carlyle plans $6bn capital raise for ninth US real estate fund

The Carlyle Group is planning to raise $6bn (€5.1bn) for its ninth US real estate fund, according to an investor. The Pennsylvania Public School Employees’ Retirement System (PSERS) said in a meeting document that it has approved a $200m commitment to the Carlyle Realty Partners IX fund. Hamilton Lane, the pension fund’s investment consultant, said […]

Fetch.ai attracts institutional attention with new funding from GDA Group

Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralised machine learning network for smart infrastructure, has secured a GBP5 million investment from GDA Group and affiliates In conjunction with the newest injection of funds, FET, Fetch.ai’s native token, will also be added to Fireblocks’ secure wallet and infrastructure platform for institutional investments. Fetch.ai provides a […]

Flatfile raises USD35m in Series A Funding Led by Scale Venture Partners

Flatfile, a data onboarding software company, has secured USD35 million in Series A funding round led by Scale Venture Partners, with participation from Workday Ventures, plus previous investors including Afore Capital, Google’s AI-focused venture fund, Gradient Ventures, and Two Sigma Ventures Among a list of powerful angels investing in this round you’ll find founders of […]

PAI Partners raises €920 million for inaugural mid-market fund, above original hard cap

PAI Partners has closed its inaugural PAI Mid-Market Fund (“PAI MMF”) with a total of circa €920 million of commitments. The Fund was raised entirely virtually and is above its EUR700 million target and original €800 million hard cap, which was increased following significant investor interest. Richard Howell, a Managing Partner and Head of the […]

One Rock Capital Partners closes Fund III at $2 billion hard cap

One Rock Capital Partners has successfully closed its third flagship private equity fund at its hard cap, with total capital commitments of $2 billion. One Rock Capital Partners III marks One Rock’s largest fund to date, having surpassed its target of $1.5 billion. The firm has developed particular expertise in complex transactions including corporate carve-outs. […]