TPG anchors $450m series E funding round in energy storage systems developer Form Energy
TPG Rise, the global impact investing platform of private equity giant TPG, has anchored a $450 million series E financing round in energy storage systems developer Form Energy Inc. Also joining the Series E round are GIC and Canada Pension Plan Investment Board (CPP Investments), along with existing investors ArcelorMittal, Breakthrough Energy Ventures (BEV), Capricorn […]
Private capital AUM set to double to over $18tn in next five years
Global private capital assets under management is expected to almost double to $18.3tn by the end of 2027 as investors continue to seek alternative sources of returns in an uncertain economic environment. Research from Preqin revealed the impressive rise, a huge increase on the $9.3tn recorded at the end of 2021. Venture capital is forecast […]
Cybersecurity company NetSPI raises $410m from KKR
KKR has agreed to provide cybersecurity firm NetSPI with an additional $410m in growth equity, according to a statement reviewed by Bloomberg. The deal, slated to close by the end of the fourth quarter, is KKR’s second investment in the company, bringing the private equity firm’s total commitment to US$500 million. KKR led a US$90 […]
Vista exits AGDATA after eight years to Levine Leichtman Capital Partners
Levine Leichtman Capital Partners has bought agribusiness workflow and data services provider AGDATA from Vista Equity Partners. AGDATA is the second platform investment by LLCP Lower Middle Market Fund III, which it closed on its increased hard cap of $1.38bn last year. Vista was almost halfway to its $20bn target for its latest flagship buyout fundraise […]
German football reopens its door to private equity
Bundesliga in talks with buyout firms about multibillion-euro investment as it seeks to catch up with rivals Germany’s Bundesliga has revived talks with buyout groups over a multibillion-euro investment, as the need to close the gap to wealthier football leagues forces clubs to review their resistance to the private equity industry. Over the past three […]
Blackstone, KKR defy global private debt slump with bets on Asia
Direct-lending behemoths from Blackstone to KKR are looking to expand in Asia’s fledgling private-debt sector, targeting firms shut out of volatile public markets but healthy enough to survive surging inflation and a potential recession. Bucking an industry-wide slowdown, some of these alternative-asset powerhouses are building up their presence in the region at a brisk pace. […]
Thoma Bravo to make a significant growth investment in SMA Technologies
Software-focused buyout house Thoma Bravo has agreed to make a significant growth investment in financial services automation solutions provider SMA Technologies. SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business.The firm said the investment will enable SMA to significantly expand its offering of automation solutions for its clients while […]
Apex Group launches new DEI solution for private markets
Apex Group, a global financial services provider, has expanded its ESG Ratings & Advisory Services offering with the launch of a new diversity, equity, equality and inclusion (DEI) solution for private markets investors. Global movements such as #MeToo and Black Lives Matter have highlighted inequity in society, putting pressure on businesses and investors to accurately […]
KKR plans infrastructure strategy for High-Net-Worth clients
KKR & Co. is seeking regulatory approval to give accredited individuals the ability invest in the private equity giant’s $49 billion infrastructure business. The entity, a holding company known as KKR Infrastructure Conglomerate or K-Infra, will allocate about 85% of assets to the firm’s global infrastructure investments, with the rest in cash and other liquid […]
Bank of America invests in Coyote Ventures Fund I
Coyote Ventures, a venture firm focused on early-stage women’s health and wellness startups, has secured an LP investment from Bank of America. Bank of America is the largest institutional investor in the fund and follows previous investments from The Case for Her and Tripple Family Office. Led by General Partner Jessica Karr, Coyote Ventures has […]
