With demand for litigation finance continuing to grow among businesses of all sizes, dispute funder Validity Finance has raised a new managed fund of USD70 million in capital commitments.
Launches & Fundraising
European Food Tech venture capital firm Five Seasons Ventures has announced the final closing of a EUR180 million second fund.
Development Partners International (DPI), an investment firm focused on Africa, has raised USD900 million for African Development Partners III Fund (ADP III), exceeding its USD800 million target. The find also attracted an additional USD250 million of dedicated co-investment capital, bringing a total of USD1.15 billion for investments on the continent.
GP Bullhound has closed its oversubscribed Fund V at the hard cap of EUR300 million.
Kyma Investment Partners SGR (KYMA), an asset management company with a EUR130 million target size for its first fund dedicated to the digital transformation of Italian SMEs and specific focus on Education and Information Technology, has held its first closing at around EUR100 million.
Advent France Biotechnology (AFB), an AMF-regulated investment company dedicated to life sciences, has held the first closing of its second fund at EUR86 million (USD102 million).
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, has launched the Mirova Environment Acceleration Capital fund.
PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies, has closed PSG V, its fifth US flagship fund, at its hard cap with USD4.5 billion in third-party limited partner commitments.
Golding Capital Partners is driving the strategic expansion of its impact investing division and launching its first institutional impact fund of funds.
Equita, an independent Italian investment bank, has completed a new fundraising phase for its second private debt fund Equita Private Debt Fund II, an Italian PIR alternative closed-end fund managed by Equita Capital SGR.