Trestle Partners (Trestle), a New York-based private investment firm that specialises in partnering with pre-Series A enterprise software entrepreneurs and founders, has completed fundraising for its inaugural fund, Trestle Partners I, reaching the hard cap of USD30 million.
Launches & Fundraising
Lightbank, a Chicago-based venture capital firm, has closed its second early-stage venture capital fund, Lightbank II, with USD180 million of capital commitments.
Tikehau Capital has completed fundraising for its T2 investment strategy focused on energy transition with over EUR1 billion in commitments.
Peterson Private Equity has held the closing of a USD225 million fund focused on investing USD10-25 million behind entrepreneurs and management teams in profitable and growth-oriented businesses.
Independent fund and corporate services provider, the Aztec Group, has supported the closing of Basalt III, which raised USD2.75 billion to invest in infrastructure equity opportunities.
RM Funds, a specialist asset manager focusing on alternative investments, is to launch the new RM Impact Credit Fund (RM ICF).
Advent Life Sciences has closed two new funds with commitments totalling USD215 million.
Canadian private equity firm Novacap has closed the Novacap TMT VI (TMT VI) at USD1.865 billion, making it the largest fund raised by the firm to date. The total includes significant commitments from Novacap's partners and employees as well as from the Novacap Executive Fund.
Vanguard has closed the Vanguard HarbourVest 2020 Private Equity Fund, marking the firm’s one-year anniversary of entering the private equity market in partnership with HarbourVest last year.
Private markets investment management firm Hamilton Lane has held the final close of Hamilton Lane Secondary Fund V, a global and diversified private equity secondary vehicle, with USD3.9 billion of capital commitments, exceeding its USD3 billion target and marking Hamilton Lane’s largest fundraise to-date.