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Funds

LendUp closes USD100m credit facility

Socially responsible lender LendUp has closed another USD100 million credit facility with investment firm Victory Park Capital (VPC) to fund future loan growth. The facility brings LendUp’s total equity and debt financing to USD325 million.   The firm has also now originated more than 3.3 million loans and surpassed USD1

Sofinnova raises EUR106m for industrial biotech fund

Venture capital firm Sofinnova Partners has held the first closing of Sofinnova Industrial Biotech I at EUR106 million. The fund, dedicated to renewable chemistry, follows a series of nine investments in the sector since 2009.   Sofinnova IB I will be invested in start-ups along the value chain from the transformation

Sentinel Capital Partners acquires cabi

Private equity firm Sentinel Capital Partners has acquired cabi, a direct seller of women’s apparel in the US, Canada and the UK. Terms of the deal have not been disclosed.   Founded in 2002, cabi sells high-quality, accessibly-priced designer clothing to a broad, female demographic via a proprietary network of

Quad-C Management sells Curvature

Private equity firm Quad-C Management has completed the sale of its portfolio investment Curvature, an IT services company and provider of new and pre-owned network hardware and IT infrastructure services. Through the deal, Curvature merged with Partners Group portfolio company SMS Systems Maintenance Services to form SMS | Curvature. Terms

Astarte and BlueLake form partnership

London-based alternatives investment manager Astarte Capital Partners has formed a partnership with BlueLake Associates, a Zug-based investment consultancy and asset allocation specialist. Through this partnership, Astarte will act as the private equity and real assets adviser to BlueLake, while BlueLake will contribute macroeconomic, asset allocation and risk management advisory services

Henkel submits USD100m offer for Darex Packaging Technologies

Henkel has entered into exclusive negotiations with GCP Applied Technologies to acquire its global Darex Packaging Technologies business for USD1.05 million (EUR995 million) on a cash and debt free basis. Darex is based in Cambridge, Massachusetts and supplies high-performance sealants and coatings for the metal packaging industry around the world.

Private equity funds ‘face much tougher challenges than Trump and Brexit’

The risks posed to the UK private equity industry by recent political events have been grossly exaggerated, according to Matthew Hudson, chief executive of MJ Hudson, the alternative assets consultancy. Hudson (pictured) sees the emergence of passive private equity funds and the trillion-user base of large retail platforms, such as Snap and

Teton Advisors acquires Keeley Asset Management

Teton Advisors has acquired certain assets of Keeley Asset Management Corp (KAMCO), a pioneer in small and mid-cap value investing founded by John L Keeley, Jr in 1982. Serving as the acquisition vehicle is Keeley-Teton Advisors, a newly formed and wholly-owned subsidiary of Teton. At closing, the combined firms have

Apposite Capital acquires Enara and Complete Care from Mitie

Apposite Capital, an independent investment firm focused exclusively on healthcare, has acquired the UK social care division of Mitie Group for a cash consideration of GBP2. The division consists of the domiciliary care and homecare businesses, Enara Group and Complete Care Holdings.   In addition, Mitie will contribute GBP9.45 million

Hatteras launches Venture Capital Multiplier Fund

Hatteras Venture Partners has been selected by the State of North Carolina (NC) as the manager of the Venture Capital Multiplier Fund (VCMF), which has USD60 million in capital. A portion of the VCMF has been committed to the latest Hatteras venture capital fund, Hatteras Venture Partners V (HVP V).

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12 November, 2026 – 5:00 pm

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