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Intel

Warburg Pincus secures $12bn at first close of global PE fund

Warburg Pincus has raised more than $12bn in the first close of its latest global private equity vehicle, putting the firm on track to exceed its $17bn target despite a challenging fundraising environment for the sector, according to a report by Bloomberg.

Former Santander exec joins Palatine Growth Credit

Michael Ginn has joined Palatine as an Investment Director for its regional Growth Credit Fund, which was launched in 2024. He brings 12 years of experience working in the growth capital and strategic debt solutions teams at Santander

Medicxi closes €500m fund

Medicxi, a European life sciences venture capital firm, has closed Medicxi V, a €500m fund dedicated to building and backing biotechnology companies. The oversubscribed fund closed with support from existing limited partners and a select group of new institutional investors. The fund will focus on Medicxi’s asset-centric investment model.

Gryphon sells 3Cloud to Cognizant

Gryphon Investors, a leading middle-market private investment firm, has entered into a definitive agreement to sell its portfolio company 3Cloud, a dedicated Microsoft Azure services provider, to Cognizant Technology Solutions Corporation (NASDAQ: CTSH). Financial terms for the transaction, which is expected to close in Q1 2026, were not disclosed.

Warburg and Permira eye deal to acquire Clearwater Analytics

Private equity firms Warburg Pincus and Permira are in discussions to acquire Clearwater Analytics Holdings Inc, the investment and accounting software provider, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Backed VC closes $100m seed fund

European venture firm Backed VC has closed its third fund, Backed 3, at its $100m cap, alongside making its 100th investment. Compared to its previous two funds, the firm’s third has increased presence in the US and expanded its global events strategy.

Turnspire Capital Partners acquires LifeLine Foods and ICM Biofuels

An affiliate of Turnspire Capital Partners LLC (Turnspire) has acquired LifeLine Foods LLC and ICM Biofuels LLC. The operations will be combined under The LifeLine Group (LifeLine), with the food business continuing to operate as LifeLine Foods, and the biofuels business being rebranded as LifeLine Biofuels. Turnspire’s partner in the

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