EQT raises private equity fund in tough market
Swedish private equity firm EQT AB has raised about €15bn so far for its new flagship fund despite wider economic and fundraising headwinds. The buyout firm has received commitments for about 70pc of the fund’s maximum cap of €21.5bn by the first close, according to a letter to investors seen by Bloomberg News. EQT expects […]
European Football could be an Own Goal for U.S. funds
U.S. investment firms might end up scoring quite a few goals with their European soccer teams. Few of them are likely to translate into decent profits. On Wednesday, Italy’s AC Milan officially passed from one American owner to another: Gerry Cardinale’s private-equity firm RedBird Capital Partners took over from Elliott Management, completing a purchase announced […]
Stafford Capital Partners holds final close of fourth infrastructure secondaries fund
Stafford Capital Partners (Stafford) has held the final close of Stafford Infrastructure Secondaries Fund IV (SISF IV) with the €731 million in commitments from 33 investors across 13 countries, making it the firm’s largest fund to date. Alongside these commitments, Stafford raised an additional £100 milion managed account for geographically focussed infrastructure secondary transactions. With […]
EQT raises private equity fund in tough market
Swedish private equity firm EQT AB has raised about €15bn so far for its new flagship fund despite wider economic and fundraising headwinds. The buyout firm has received commitments for about 70pc of the fund’s maximum cap of €21.5bn by the first close, according to a letter to investors seen by Bloomberg News. EQT expects […]
DTCP holds second close of Digital Infrastructure Vehicle II at about €1B
DTCP has held the second closing of its Digital Infrastructure Vehicle II (DIV II) with around €1 billion of capital commitments. The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various […]
Ampersand closes oversubscribed fund at $1.2B hard cap
Ampersand Capital Partners has held the final closing of the firm’s latest fund, Ampersand 2022 (AMP-22) Limited Partnership, with $1.2 billion in limited partner commitments. This fund, which is Ampersand’s eleventh primary fund since 1992, was significantly oversubscribed and held a single close less than three months after launch. Ampersand secured commitments from a diversified […]
Florida adopts anti-ESG rule for state’s $186B pension plan
Florida Gov. Ron DeSantis’ administration on Aug. 23 approved a resolution to bar the state’s $186bn pension fund from considering environmental, social or governance factors when making investment decisions. The state’s defined benefit pension plan has lost $20 billion since the beginning of the year, said Lamar Taylor, the fund’s interim chief investment officer and […]
ADDX launches cash management solution, in tie-up with Lion Global Investors
Dubbed “ADDX Earn”, the first two funds launched are managed by OCBC Group’s Lion Global Investors and they comprise high-quality, low-volatility liquid debt instruments SINGAPORE, 29 AUGUST 2022 – Asia’s largest private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of […]
SoftBank-backed Tridge scores $2.7bn valuation in the latest investment round
Softbank-backed Tridge said it has secured funding round at a postmoney valuation of $2.7bn. The latest funding, led by South Korean private equity firm DSAsset, brings Tridge’s total financing to $111.7m since its inception in 2015. The new valuation represents about 440%, or 5.4x, increase over Tridge’s postmoney valuation of $500 million in July 2021 […]
KKR leads Digital Diagnostics $75m series B round
KKR has led a $75 million series B funding round in Digital Diagnostics, a specialist in AI healthcare diagnosis. Investors including Cedar Pine, Kinderhook, 8VC, Optum Ventures, OSF Ventures and the University of Iowa also took part in the round. The latest funding has almost doubled the company’s total outside capital raised to $130 million. […]
