Lightbank closes new USD180m VC fund
Lightbank, a Chicago-based venture capital firm, has closed its second early-stage venture capital fund, Lightbank II, with USD180 million of capital commitments. The closing brings Lightbank’s total assets under management (AUM) to USD360 million. Lightbank II’s investor base is comprised of institutional investors, family offices, and high net worth individuals. Lightbank II will be led […]
Secure Trust Bank provides GBP70m in funding for PE-backed businesses
Secure Trust Bank’s Commercial Finance division has provided more than GBP70 million in funding to private equity-backed businesses in 2020 Despite the challenges faced across the sector in 2020, this figure reinforces Secure Trust Bank’s continued appetite to write new business and support existing clients. Of the GBP70 million of new facilities provided, GBP20 million […]
SoftBank Plans Billions to Invest in Biotech
SoftBank Group Corp. plans to expand its investments in the biotech and health-care sector, opening up a new front in its growing asset management strategy, according to people familiar with the matter. SoftBank has already made a clutch of equity investments in the sector, including a $312 million stake in Pacific Biosciences of California Inc., […]
Tikehau Capital raises more than EUR1 billion for private equity energy transition strategy
Tikehau Capital has completed fundraising for its T2 investment strategy focused on energy transition with over EUR1 billion in commitments. Tikehau Capital launched this strategy in 2018 with EUR100 million from its own balance sheet. This unique alignment of interest with LPs has proven successful, attracting large strategic investors from several geographies (whose commitments represent […]
Torii raises $10 million Series A funding to automate software management in the enterprise
Series A funding led by Wing Venture Capital brings the total raised to $15 million Torii, the enterprise Software-as-a-Service (SaaS) management company, today announces that it has closed a $10 million Series A financing round to automate software management in the enterprise. The financing was led by Wing Venture Capital together with the company’s existing […]
Ant investor Boyu Capital targets $6 billion for new private equity fund
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one […]
Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion. Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with […]
Peterson Private Equity closes USD225m Fund IX
Peterson Private Equity has held the closing of a USD225 million fund focused on investing USD10-25 million behind entrepreneurs and management teams in profitable and growth-oriented businesses. “We are passionate about helping great people build great businesses,” says Clint Peterson, Managing Partner of Peterson Partners. “We are thrilled to raise this latest fund to continue […]
Electric Truck Maker Xos to Go Public via $2 Billion SPAC Deal
Xos, a maker of electric commercial vehicles, has agreed to go public through a merger with a blank-check company, NextGen Acquisition Corp., according to a statement viewed by Bloomberg News.The deal values the combined equity at $2 billion, the companies added. To support the transaction, the special purpose acquisition company will raise $220 million from […]
As the SPAC frenzy continues, questions arise about how much the market can absorb
Another week and the SPACs continues. Some industry watchers as starting to wonder: Is the party just getting started, with more early guests still trickling in? Have we reached the party’s peak, with the music still thumping? Or did someone just quietly barf in the corner, an indicator it’s time to wrap things up before […]
