Sea Injects $1 Billion Into New Investment Arm Led by David Ma
Sea Ltd. is injecting $1 billion into a new unit that will manage bets on fledgling technology companies, marking an entry by Southeast Asia’s largest company into the crowded field of investment. It hired former Hillhouse Capital partner David Ma to lead the newly formed Sea Capital, and acquired full ownership of Ma’s Hong Kong-based […]
SoftBank-backed Coupang aims to deliver mammoth U.S. IPO at over $50-billion valuation
South Korea’s Coupang Inc, which is backed by SoftBank Group Corp, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over $50 billion and make it the largest U.S. initial public offering this year. In a regulatory filing on Monday, Coupang said it would price its offering between $27 […]
Hamilton Lane closes latest Strategic Opportunities Fund series on nearly USD900m
Private markets investment management firm Hamilton Lane has held the final closing of Hamilton Lane Strategic Opportunities Fund VI with nearly USD900 million in commitments from a wide range of global LPs. The Fund is focused on making credit-oriented investments striving for consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vintage […]
Proskauer advises Bessemer Venture Partners on creation of USD3.3bn funds
International law firm Proskauer has advised Bessemer Venture Partners, an American venture capital firm, on the creation of two funds which, in total, raised USD3.3 billion. The BVP XI fund, at USD2.475 billion, will focus on early-stage companies spanning across enterprise, consumer, healthcare, and frontier technologies. The USD825 million Century II fund is designed for […]
Maverick Real Estate Partners Holds Initial Closing of Sixth Fund with $230 Million,
Maverick Real Estate Partners LLC held the initial closing of Maverick Lien Fund VI LP, with commitments of over $230 million from pension funds, endowments, foundations, and family offices. The Fund’s strategy is to invest in real estate credit opportunities within New York City. “New York City’s population density generates a gravitational force that attracts […]
London Technology Club participates in Rollick’s USD8.5m fundraise
The London Technology Club (LTC), has invested in Rollick Inc, which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, as part of a USD8.5 million fundraising round LTC’s investment is made alongside strategic investors Sandbox Insurtech Ventures and TechNexus, as well as Dallas, Venture Capital and Congress Avenue Ventures. Liveoak Venture Partners, Silverton […]
Blackstone CEO Schwarzman took home $610.5 million in 2020
Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his […]
CORE Industrial Partners closes Fund II at USD465m
CORE Industrial Partners (CORE), a Chicago-based private equity firm, today announced the successful final and only close of CORE Industrial Partners Fund II (Fund II) with total commitments of USD465 million. Fund II was significantly oversubscribed with demand in excess of both the initial target of USD400 million and hard cap of USD450 million. CORE […]
Hiro Capital backs Snowprint Studios, Double Loop Games and Happy Volcano Games
Hiro Capital, an entrepreneur-led venture capital fund focused on backing innovators in video games, the metaverse, esports and digital fitness, has invested in three international video game studios – Snowprint in Stockholm/Berlin, Double Loop Games in San Francisco and Happy Volcano in Belgium The trio join UK and US Games studios Flavourworks, Polyarc and Lightfox […]
JMI Equity Seeks $1.7 Billion Amid Management Transition
The latest fund would be the firm’s largest yet and 42% larger than its predecessors Software-focused private equity firm JMI Equity has upped its fundraising goal for its tenth flagship fund to $1.7bn. AltAssets revealed at the start of the year that JMI was out raising Fund X, and had set a goal of $1.3bn […]
