LGT Capital Partners has held the final close of Crown Secondaries Special Opportunities II (CSSO II), its second dedicated direct secondaries fund, with total subscriptions of USD1.57 billion.
GI Partners has closed the GI Partners Fund VI, with USD3.9 billion in total commitments. The oversubscribed fund includes a broad group of global investors and surpassed its target of USD3.25 billion, as well as exceeded its prior Fund V raise of USD2.8 billion in 2017.
Last week London-based Balderton Capital, which is now actively deploying over USD1 billion in some of Europe’s most prolific breakout companies, announced the launch of a new tech growth fund – their largest in Europe to date. PEW caught up with partner Rana Yared who will manage the fund together with Balderton’s managing partner Bernard Liautaud and general partner David Thévenon.
Companies hit hard by the pandemic may be attractive targets for SPAC vehicles. In this podcast Private Equity Wire speaks to Nina Kelleher, director at US-based advisory firm EisnerAmper, about some trending themes surrounding SPACs & PE, probing her outlook regarding the growth trajectory of SPACs.
An in-depth look at how Cambridge Innovation Capital is leveraging its position within the University of Cambridge’s ecosystem to seek out disruptive innovators in technology and life science.
Superb, a guest experience management platform for restaurants, has raised EUR12 million in a Series A round backed by a group of investors in the hospitality, online reservation, and Point of Service space.
Curb, a Nordic dark kitchen startup which uses technology and data in order to improve customer experience, has secured EUR20 million in funding by Point72 Ventures, with participation from its existing investor EQT Ventures.
Uruguayan fintech payments company dLocal, the country’s first unicorn, has raised USD617.65 million in its initial public offering, which started trading on Thursday on the Nasdaq under the symbol ‘DLO’.
Inside Atwater Capital – a PE group with a strong social conscience and content monetisation strategy
Los Angeles-based Atwater Capital, a Media & Entertainment-focused private equity group, is on a mission to spot and invest in companies best placed to benefit from digitisation as demand for distributed content increases.
In this Private Equity Wire podcast, we catch up with private debt expert John Clifford, co-head of the UK private debt team at Muzinich & Co, to talk about some of the reasons why private debt is currently taking market share away from banks and how the private debt market is evolving, as well as why small companies, that would in the past have been more of a VC target, might now look to private debt instead.
In this week's podcast, Private Equity Wire chats to former Slack Chief Product Officer April Underwood (pictured), whose 'local retail' ecommerce platform Nearby recently raised USD21 million in a Series A funding round, about the process of raising money in today's virtual environment, her experience of conducting meetings and building relationships virtually, and why she decided to raise money now.
EY's 2021 Global Private Equity Divestment Study, which was released last week, found that the pandemic has accelerated changes in attitudes to factors that are now affecting the valuation of businesses – in particular digitalisation and ESG metrics.
In light of the recent scandals resulting from mispriced assets, and the broader impact of Covid-19 on the global economy, the need for accurate financial and valuation reporting in private markets – where the underlying assets are largely illiquid and hard to value – is a germane issue for investors.
Africa is the second-fastest-growing region in the world after Asia and home to six of the fastest-growing economies worldwide. According to AVCA, the total number of VC deals in Africa hit a six-year record high with a total of 139 VC deals worth USD1.4 billion in 2019 alone.
Build-to-rent and PBSA investor Amro Partners has launched a venture capital arm in order to invest in proptech and fintech start-ups that are looking to solve pain points in property deal processes.
By Chris Gauld, director, Equator – A positive repercussion of Covid-19 has been the massive uptick in the interest in healthy activities and healthy living. Exercise equipment sales in the UK have spiked 5,800 percent during the pandemic, while corporate wellbeing investments, ranging from free gym memberships through to mental health and general wellness services, are on the rise too.
The European fund environment is increasingly attracting US private funds looking to invest in alternative assets and deploy capital. In partnership with Intertrust, Private Equity Wire is hosting a webinar to discuss some of the key themes that fund managers should consider when thinking about Europe from an investor perspective.
By David Holden-White, co-founder & managing director of techspert.io – Investors have long sought data from primary research to get an edge in their decision-making. Whether gathered through surveys, focus groups, panels or qualitative interviews, insights from individuals with lived experience of the relevant problems, markets, technologies and services, are hugely valuable. They offer a way of uncovering the intangibles, those moments that can’t be quantified solely on data. They augment and extend an investor’s own knowledge and experiences.
In this week's podcast, Priya Karkar, investor relations representative at secondaries-focused firm Kline Hill Partners, talks about fundraising in the ‘new business normal’ and how LP sentiment regarding committing to private funds has evolved since the onset of the global pandemic more than a year ago.
The Alternative Credit Council, the private credit affiliate of the Alternative Investment Management Association, has launched its Investor Manager Committee, a new initiative which aims to strengthen the ACC’s work on key areas where private credit market practice is still evolving, and foster better engagement between investors and asset managers in this burgeoning asset class.
By Sam Gilbert-Ward, business analyst, Pollen Street Capital – Looking to the future, post-Covid, the success of ESG impact investing can be secured by championing three key pillars. First, building ESG into the culture of organisations, supporting initiatives with the resource it deserves. Second, establishing best practice. And third, going beyond reporting, focusing on the actual impact and celebrating successes.
In the latest addition to PEWire's 'New Normal' Q&A series Dave Tayeh (pictured), head of private equity, North America, at Investcorp shares his views on the current deal environment, the role of the private equity industry in the recovery as well as its timeline, how the low interest rates are affecting company valuations at the moment, and how the large amounts of dry powder might be deployed in years to come.