Tiger Global plans scaled-down $6B fund to back enterprise companies and Indian start-ups
Tiger Global is targeting $6 billion for new fund that will look to invest in invest in startups, “largely in enterprise themes and in India”, according to a report by The Financial Times. The report cites a letter sent to limited partners as revealing that fundraising for the new fund – Private Investment Partners Fund […]
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 […]
Apollo-backed EmployBridge to buy Bluecrew from IAC Inc
EmployBridge, an industrial-staff company backed by Apollo Global Management has agreed to buy the Bluecrew business from IAC Inc, according to a report by Bloomberg. The transaction will combine EmployBridge with Bluecrew’s app-based model and digital platform. IAC will keep a minority stake in the combined company which will reportedly generate more than $4 billion […]
EnCap considering $6B oil and gas asset sale
US private equity firm EnCap Investments is considering options to sell two bundles of oil and gas assets in Texas, raising more than $6 billion, Bloomberg has reported. The positions in the Delaware basin comprises Advance Energy Partners, Ameredev II, and the Midland basin, which covers assets from Black Swan Oil & Gas, Piedra Resources, […]
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 […]
Apollo, Sixth Street no longer in talks to finance Twitter deal
Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter. Apollo had been in talks to provide preferred equity financing for the deal, alongside […]
SoftBank Weighing sale of stake in TelevisaUnivision
SoftBank Group Corp. is considering a sale of its stake in Spanish-language TV broadcaster TelevisaUnivision, according to people familiar with the matter, as the Japanese conglomerate unloads assets amid a prolonged tech slump. SoftBank took an in interest in TelevisaUnivision last year when it helped finance Univision’s purchase of rival Grupo Televisa SAB’s content and […]
Francisco Partners to carve out HR administration platform from CVS Health
Technology-focused buyout house Francisco Partners has agreed to carve out HR administration platform bswift from CVS Health. CVS Health and its affiliate Aetna will remain customers of bswift. The acquisition is expected to close in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions. Kirkland & Ellis LLP served as legal […]
Stafford Capital Partners launches new seeded open-ended direct lending and speciality finance fund
Stafford Capital Partners (Stafford), an international private markets investment and advisory group, has launched Stafford Private Credit Income Opportunities Fund (CIO), a new open-ended direct lending and speciality finance fund. CIO will invest in both lower middle market senior secured direct lending and speciality finance opportunities primarily in Europe and North America. The new fund […]
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 […]
