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 […]
Investcorp, Fung Capital to start $500m Greater Bay Fund
Investcorp, the Middle East’s largest alternative asset management firm, and the private equity arm of the Fung brothers’ family office are setting up a $500 million fund to invest in mid-cap companies across China’s Greater Bay Area. The fund will mainly focus on buyouts of firms in or close to the region that spans the […]
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 […]
Nordic Capital completes one of year’s largest European fundraises as Nordic Capital Fund XI closed at €9B hard cap
Nordic Capital has completed its largest ever fund raise, and one of the largest in Europe so far this year, with the closing of Nordic Capital Fund XI at its hard cap of €9 billion, exceeding its €8 billion target. The fund closed in nine months despite challenging conditions. With a c100% re-up rate and […]
