Grove Ventures, an early-stage deep tech-focused Tel Aviv-based VC firm, has held a final close of Grove Ventures II with total commitments of USD120 million. The fund, with commitments from institutional and strategic investors, was oversubscribed.
Launches & Fundraising
Emerging markets private equity fund manager Da Vinci Capital has launched Da Vinci Emerging Technologies-Fund III, its third successive fund.
Macfarlanes has advised UK-based private equity firm August Equity Partners on the raising of its latest flagship fund, AEP V, which has closed at its hard cap of GBP300 million, exceeding its target of GBP275 million.
Praetura Ventures has closed its second EIS fund at GBP7million, bringing the total raised by the firm to GBP22 million in less than 12 months.
Middle market private equity firm Odyssey Investment Partners has held the first and final closing of Odyssey Investment Partners Fund VI, a USD3.25 billion private equity investment fund formed to pursue control-oriented investments and management buyouts of established middle-market companies.
Battery Ventures, a technology-focused investment firm, has closed two new funds worth a combined USD2 billion to continue backing innovative technology companies worldwide in a variety of sectors.
KKR has held the final closing of KKR Global Impact Fund (KKR Global Impact), a USD1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.
Carey Olsen's investment funds team in Jersey has advised long-standing client Hollyport Capital on the launch and final closing of its latest secondaries fund, Hollyport Secondary Opportunities Fund VII (Fund VII).
Oxx, a B2B software investor, has raised USD133 million to back Europe’s most promising SaaS companies from series A and beyond.
Independent infrastructure investment manager Whitehelm Capital (Whitehelm) has held the first close on its infrastructure debt fund, Whitehelm Capital Infrastructure Debt Partners I, and reaching its fundraising target of EU500 million across its infrastructure debt platform dedicated to high‐yielding investments.