Audax Private Equity Announces Successful Closing of $1.7 billion Continuation Fund
Successful Closing of $1.7 billion Continuation Fund Led by AlpInvest Partners, Lexington Partners, and Hamilton Lane Audax Private Equity (“Audax”) announced today the successful completion of its first Continuation Fund. The fund is comprised of $1.7 billion in capital commitments, which funded the purchase of portfolio companies from Audax Private Equity Fund IV, a 2012 […]
Red-hot markets allow PE groups to load up targets with extra debt
Private equity buyers take advantage of low yields to pile companies up with borrowings. Private equity groups are seizing on ultra-low borrowing costs to fund a flurry of acquisitions that will load up indebted companies with yet more loans, underlining concerns over the threat posed by excessive leverage. BC Partners is set to borrow $480m […]
Affirm Raises $1.2B, Pricing Above Range In Hot IPO Market
Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday. What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc […]
BGF anticipates strong pipeline for 2021 after investing GBP37m in businesses in 2020
BGF anticipates a strong pipeline for 2021 after marking a strong run of investment activity in 2020, despite the challenging economic backdrop of Covid-19. Over the last nine months, the investment team for Scotland and Northern Ireland has delivered a cornerstone investment in Scotland’s first IPO for two years, invested GBP37 million in over 12 […]
Sandberg Capital closes second private equity fund Sandberg Investment Fund II at EUR109m
Sandberg Capital has closed its second private equity fund – Sandberg Investment Fund II – at EUR109 million. For the first time Sandberg welcomes the European Investment Fund and Tatra banka among its investors. The investment marks a first for both investors – the first investment by the European Investment Fund in a lower mid-market fund […]
Shakira Sells the Rights to Her 145-Song Catalog to Hipgnosis
Hipgnosis Songs Fund Ltd. snapped up the 145-song catalog of Colombian pop star Shakira, doubling down on the thesis that hit records have become an attractive asset class. The deal on Wednesday continued a busy 2021 for the London-based song-rights investment company, which last week announced deals for rights to music by producer Jimmy Iovine, […]
BlackRock assets surge to record $8.68tn
World’s largest fund manager boosted by run in equities that helped it beat forecasts BlackRock’s assets under management swelled to a record $8.68tn in the fourth quarter and chief executive Larry Fink said he expected the momentum to continue in 2021 on the back of robust recovery in the global economy. “We are seeing more […]
Eight Roads promotes Aditya Systla to partner post
Eight Roads Ventures India and Southeast Asia, which is part of Fidelity-backed global investment firm Eight Roads, on Tuesday said it has elevated Aditya Systla to partner position. Systla, who had joined Eight Roads in 2015 as an associate, is the fourth partner at the firm in India, said Eight Roads in a statement. He […]
KKR closes first Asia Pacific real estate fund at $1.7 billion
U.S.-based investment firm KKR & Co said on Thursday it had closed its first fund targeting real estate investments in Asia Pacific at $1.7 billion. The announcement comes days after KKR closed its inaugural Asia infrastructure fund, as the private equity powerhouse expands its platforms in the region. John Pattar, KKR head of real estate […]
Blackstone’s Aadhar Said to File $1 Billion IPO Prospectus Soon
Housing finance firm plans to file draft prospectus this month. Aadhar is looking to launch public offering in first half. Aadhar Housing Finance Ltd., controlled by Blackstone Group Inc., is planning to file a draft prospectus for its initial public offering in India as soon as this month, according to people familiar with the matter. […]
