Elon Musk’s SpaceX Now Worth $74 Billion After Latest Fundraising Round
Billionaire Elon Musk’s rocket company SpaceX reportedly completed an $850 million fundraising round last week, as it looks to raise capital for its ambitious Starlink and Starship projects. News of the funding was first reported by CNBC, which said that the private company will now have a valuation of around $74 billion, citing people familiar […]
CD&R hauls in $16bn for latest flagship following most active investment year
The latest vehicle is 60% larger than its predecessor, which raised $10bn including GP commitment in 2017 US buyout stalwart Clayton, Dublier & Rice has amassed around $16 billion for its latest flagship vehicle after returning to the fundraising trail early last year. The firm exceeded the $13 billion target for Clayton, Dublier & Rice […]
London Technology Club takes part in TIER’s USD250m fundraise
The London Technology Club (LTC), has invested in TIER, a European provider of micro-mobility solutions, as part of a USD250 million fundraising round Launched in October 2018, TIER has successfully expanded its offer to more than 90 cities across 10 countries worldwide. The investment by LTC members was made through a Special Purpose Vehicle (SPV) […]
Indonesia Names Wirakusumah to Helm $100 Billion Wealth Fund
Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare. Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co., General Electric Co., as well as […]
Warburg Pincus aims to raise up to $750 million in IPOs for two blank-check firms
Private equity firm Warburg Pincus is looking to raise up to $750 million for two blank-check firms that could merge with businesses with near-term potential to bring in strong free cash flow, according to regulatory filings on Wednesday. The blank-check firms, Warburg Pincus Capital Corporation I—A and Warburg Pincus Capital Corporation I—B, said they are […]
Vanguard closes 2020 private equity fund
Vanguard has closed the Vanguard HarbourVest 2020 Private Equity Fund, marking the firm’s one-year anniversary of entering the private equity market in partnership with HarbourVest last year. The fund closed at nearly double its target size, securing commitments from a broad base of qualified investors. The firm also announced the launch of its next annual […]
Morehouse Alum Paul Judge Announced The Largest Fund By A Black Man, $300M
A new Atlanta-based venture firm is set to invest in female and minority start-ups thanks to the addition of an HBCU graduate. Morehouse College alumnus Paul Judge has joined Panoramic Ventures as its new partner, assisting in its rebranding from BIP Capital. As an HBCU alum, Judge will not only bring great investment ideas and […]
Mainstay Medical Receives US$108M Equity Financing
Mainstay Medical Holdings, a Dublin, Ireland-based medical device company focused on commercializing an innovative implantable restorative neurostimulation system for people with disabling mechanical Chronic Low Back Pain, closed an equity financing of US$108m The round was co-led by new investors Ally Bridge Group and Sofinnova Partners, through its Crossover Fund, and also included a large, […]
Micro-satellite specialist Umbra raise USD32m in venture funding
Umbra, a Santa Barbara-based intelligence and technology company, has raised USD32 million in an equity financing led by the family office venture fund of John Burbank, founder of hedge fund Passport Capital. The company’s existing investors – CrossCut Ventures, Starbridge Ventures, Hemisphere Ventures, PonValley, and others – also participated. Umbra is the inventor of a […]
Former Goldman Asia Banker Hitchner Raises $360 Million for SPAC
The former head of Goldman Sachs Group Inc.’s Asia-Pacific unit outside Japan raised $360 million for a blank-check company targeting health-care deals in the region, adding to the wave of former bankers joining the investing craze. Ken Hitchner, who was chairman and chief executive officer of Goldman Sachs for the region, is teaming up with […]
