Dan Gilbert-backed non-public fairness agency Rockbridge closes a $ 345 million fund
Executives at a Detroit private equity firm backed by mortgage mogul and Cleveland Cavaliers owner Dan Gilbert have closed a second fund of nearly $ 350 million to continue to benefit from a strong market for acquisitions. Rockbridge Growth Equity Management LP recently closed the final $ 200 million for its RB Equity Fund II […]
Pathway Capital Management closes on USD400m custom FOF for Asia-based investor
Pathway has closed on a USD400 million customised fund of funds (FOF) for an Asia-based institutional investor. The fund will seek to build a diversified portfolio of primary fund investments and co-investments in both the small and middle markets globally. The fund represents a continuation of Pathway’s successful 30-year history of investing in private markets, […]
Conquest obtains AIFM authorisation in France and launches Conquest Sustainable Infrastructure II
Conquest is an alternative asset management firm, invested in long-term sustainable value stemming from European infrastructure and energy transition real assets. Since its inception in 2012, Conquest has built a strong European team of seasoned professionals combined with a vast network of industrial partners. Thanks to the trust in these partnerships, the fund has a […]
Foresight Just Announced First Closing Of Its Latest Regional Private Equity Fund
Foresight Group, an award-winning listed infrastructure and private equity investment manager, announces the first close of the Foresight Regional Investment III LP (the “Fund”) at £65m. The Fund is cornerstone by the Greater Manchester Pension Fund, with strong support from Clwyd and Merseyside Pension Funds. The fundraise comes off the back of the Foresight Regional […]
SS&C to administer $7.5bn wealth manager’s private equity fund of funds
Mandate win follows a string of fund services agreements SS&C has won in recent months as it hit the $2trn in assets under administration mark. SS&C Technologies has been appointed as the fund administrator by $7.5 billion wealth management firm Diversified Trust for its private equity fund of funds platform. The fund services giant will […]
Maguar Capital Partners closes debut fund at EUR104m hard cap
Maguar Capital Partners (Maguar) has held the final closing of its debut fund, Maguar I, at its EUR104 million hard cap. Despite challenging market conditions, the Maguar 1 fund attracted significantly more demand than it could accept, and was oversubscribed with commitments from leading European and US-based institutional investors, such as Aberdeen Standard Investments, Adams […]
Vanguard Group’s private equity retail push gets real as it launches buyer-beware products this summer
The $7.1 trillion Malvern, Pa.-based manager will first sell HarbourVest private shares with stern warnings before making alts part of Vangaurd Personal Advisor Services portfolios Vanguard Group is set to private-label the private-equity funds of a $79-billion Boston alternative assets manager and peddle them to thousands of high-middlebrow private investors — by way of its […]
BlackRock and heylo agree GBP362.5m funding facility for shared ownership homes
BlackRock has acted as the majority debt provider on heylo housing’s GBP362.5 million acquisition of a portfolio of 3,000 shared-ownership homes through its Home Reach scheme, marking a significant milestone for BlackRock and heylo. heylo is the UK’s specialist provider of shared ownership housing, working with government, Homes England and over 90 house builders to […]
Private equity firm behind Mowgli Street Food just closed £65m fund
Mowgli Street Food has just announced the first closure of one of its funds at £65m. The fund will be managed by Foresight’s collegiate nationwide private equity team, with growth in Foresight’s Manchester office planned to support the deployment of the fund. The fund will provide the platform from which Foresight can provide both capital […]
British AI company Faculty raises GBP30m of growth funding
Faculty, a British artificial intelligence (AI) company, has raised GBP30 million in growth funding from the Apax Digital Fund (ADF). It is the largest investment Faculty has accepted to date, and brings total investment to nearly GBP40 million. The funding will be used to drive the expansion of Faculty’s pioneering “AI as a Service” model. […]
