KKR’s first asset-based finance fund raises $2.1B
Global Investment firm KKR closed its first asset-backed finance fund with about $2.1bn from investors who are increasingly turning to collateral-based cash flows with attractive yields to beat market volatility. KKR’s Asset-Based Finance Partners fund drew from a diverse group of new and existing investors, including public and corporate pensions, sovereign wealth funds and commercial […]
VinFast says it’s signed banks to raise $4B for US Plant
Vietnamese electric-vehicle maker VinFast said it has signed agreements with banks to raise at least $4 billion globally to fund its planned North Carolina EV factory and US rollout, according to a statement. Credit Suisse Group AG will help arrange the issuance of offshore securities to raise around $2 billion, while Citigroup Global Markets Inc. […]
Hamilton Lane raises $590m for first infra co-investment, secondaries fund
Hamilton Lane has closed its inaugural fund focused on secondaries and co-investments within the infrastructure space. Hamilton Lane Infrastructure Opportunities Fund surpassed its $500m target, which was set March 2020, to reach a $590m close at the end of June. When Hamilton Lane launched the fund, it had generated a gross money multiple of 1.7x […]
Cinven holds final close of inaugural Strategic Financials Fund at €1.5B
International private equity firm, Cinven, has held the final close of its inaugural Strategic Financials Fund (SFF) with €1.5 billion of total capital commitments. The SFF builds on Cinven’s leading financial services investment platform in Europe with an investment strategy focused on areas where Cinven has developed significant investment expertise, such as life and non-life […]
Private equity funds emerging as major financiers for critical mineral projects
Private equity funds are emerging as a major financing source for new critical minerals projects, with traditional bank financiers taking a lesser role as risk perception grows, members of the UK’s Critical Minerals Association said. Traders, streamers, off-takers and end-users who are anxious to secure supplies of critical minerals including lithium, cobalt, nickel, silicon, niobium, […]
Apera closes second private debt fundraising at €1.27B
Apera Asset Management, a pan-European mid-market private debt investor, is pleased to announce the successful completion of the fundraising of Apera Private Debt Fund II (“Fund II”) and associated vehicles, raising total investible capital of €1.27bn. Apera’s Private Debt strategy focuses on senior secured unitranche financings across Europe. The raised capital exceeds the initial target […]
Motive Partners raises $2.5B
Motive Partners, a leading specialized private equity firm focused on financial technology, today announced the successful final close of its second flagship fund, Motive Capital Fund 2, with total capital commitments of $2.54 billion for the Fund and its affiliated co-investment vehicles. The Fund employs the same investment strategy executed in Motive Partners’ inaugural flagship […]
Klarna’s down round is early indicator of pain in private markets
Private equity is set to play a bigger role in fintech, writes Professor Florin Vasvari, Academic Director at the Institute of Entrepreneurship and Private Capital at the London Business School. For a while fintechs looked invincible: overcoming all hurdles and attracting mega rounds of funding. However, the news that Klarna’s value has been slashed from […]
Early Xiaomi Backer raises $3.2 Billion as China VCs bounce back
Qiming Venture Partners raised $3.2 billion across two funds in the latest signal of a potential resurgence in Chinese venture capital investment. The firm closed its oversubscribed USD Fund VIII at $2.5 billion and also raised roughly $700 million in a yuan-denominated fund, both aimed at supporting startups in technology, consumer and health-care sectors. Qiming […]
Headline closes over $950m to invest in early-stage start-ups
Headline, a tech-enabled global venture capital firm, has closed $954 million in new capital across three distinct early-stage funds: Headline US VII, a $408 million North America-focused fund based out of San Francisco; Headline EU VII, a €320 million pan-Europe-focused fund based out of Berlin; and Headline Brazil III, a BRL915 million Latin America-focused fund […]
