Euroclear moves into $9.8 trillion private asset market with Goji buy
Private market assets are currently valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025. This increasing demand is driving innovation and a need for increased efficiencies in the space. The combination of Euroclear’s open infrastructure and Goji’s innovative technology will provide a digital platform enabling end to end access to […]
CAI raises over $1B for inaugural fund and co-investment programme
Climate Adaptive Infrastructure (CAI), an investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, has close of its inaugural fund, Climate Adaptive Infrastructure Fund with more than $825 million in equity. In addition, alongside the Fund, CAI has an affiliated co-investment programme of over […]
KKR looking to sell Canadian gas producer Westbrick for $1.13B
Private equity firm KKR & Co is looking to offload Canadian oil and gas producer Westbrick Energy Ltd in a potential deal valued at between $1.13 billion and $1.5 billion, according to a report by Reuters. The report cutes unnamed sources as revealing that majority owner KKR is looking to find a buyer by the […]
Carlyle targeting $1.6B for second renewables fund
Carlyle Group is targeting at least $1.6 billion for a second private equity fund which will focus on investments in renewable energy and sustainability assets, according to a report by Reuters. The report cutes sources familiar with the matter as saying that Carlye began raising capital for Carlyle Renewable & Sustainable Energy Fund II earlier […]
Vista’s latest flagship fund halfway to $20B target
The report cites documents prepared of a US pension fund as showing that Vista Equity Partners VIII, which launched earlier this year, has already passed the halfway mark. A due diligence report by the chief investment officer of Connecticut Retirement Plans and Trust Funds CRTPF, prepared for the pension’s 16 November investment advisory council meeting […]
MVM closes oversubscribed Fund VI at $500m hard cap
MVM Partners has closed its sixth healthcare fund, MVM VI, with $500m in limited partner commitments. Demand was well above the hard cap. MVM has been investing in high growth healthcare businesses since 1997. MVM VI will continue this broad, global remit with investments in medical technology, pharmaceuticals, biotechnology, diagnostics, life science tools, pharma services […]
KKR leads $68m Series B finding round in Advanced Navigation
KKR has led a $68 million (AUD108 million) Series B funding round in Advanced Navigation, a developer of AI robotics and navigation technology. The funding round includes participation from new investors such as deep learning venture firm AI Capital and existing investors, including Main Sequence, the Hon Malcolm Turnbull AC, In-Q-Tel, and Our Innovation Fund, […]
Blackstone commits up to $359m to acquire majority stake in R Systems
Private equity funds managed by Blackstone have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems) for up to $359 million. R System’s revenue for the last twelve months, as of September 30, 2022, was ~$189 million, representing year-on-year growth of […]
Centerbridge and Bridgeport complete $1.6B CSI acquisition
Private equity firms Centerbridge Partners (Centerbridge) and Bridgeport Partners (Bridgeport), have completed their acquisition of Computer Services, Inc (CSI), a provider of end-to-end fintech and regtech solutions, for $1.6 billion. The acquisition, which was previously announced on 22 August, 2022, closed in an all-cash transaction with a purchase price of $58.00 per share. CSI’s shareholders […]
Credit Suisse to sell much of securitised products group to Apollo
Business generated substantial profits for Swiss bank but was capital-intensive Credit Suisse confirmed on Tuesday that it was selling much of its securitised products group to private equity group Apollo, as the Swiss bank slashes a business that generated substantial profits but ate up large amounts of capital. Credit Suisse last month announced a radical […]
