Audax Private Debt, a provider of financing solutions for middle market private equity sponsors, has closed Audax Direct Lending Solutions Fund II with $3.0 billion of capital commitments. The new fund, which reached its hard cap, exceeded its fundraising target of $2.25 billion and, including targeted leverage, provides New York-based
Asian private equity investment firms Capital Square Partners and Basil Technology have merged through a new $700 million continuation fund to form a new company, also known as Capital Square Partners, according to a report by Bloomberg. The report cites Sanjay Chakrabarty, a partner at the new firm, as saying
Private equity firm General Atlantic has made a $350 million investment in Walmart-backed PhonePe at a $12 billion valuation, making it India’s most valuable payments firm, according to a report by Reuters.
Garnett Station Partners, a New York-based private investment firm that manages ~$2 billion of assets, has closed GSP 4.0 Fund-A, LP and GSP 4.0 Fund-B, LP with total committed capital of $850 million, the fund’s hard cap.
Mid-market private equity investor Equistone Partners Europe is to sell its majority stake in Bulgin, a manufacturer of harsh environment connectivity solutions, to Infinite Electronics, a portfolio of connectivity solution brands.
B Capital has held the close of its third venture growth fund and related companion funds (Growth Fund III), with aggregate capital commitments of approximately $2.1 billion. The fund will target investments around the world with a particular focus on the US and Asia.
TR Capital, a secondary private equity fund manager in Asia, has selected IQ-EQ’s Hong Kong and Luxembourg teams to administer the Cayman and Luxembourg parallel structures of its new Fund V. To date, TR Capital, which was founded in 2007 and has offices in Hong Kong, Singapore, Shanghai, Shenzhen and
Blackstone has held the final close of its latest global secondaries strategy, Strategic Partners IX, and inaugural GP-led continuation fund strategy, Strategic Partners GP Solutions with commitments of $22.2 billion and $2.7 billion respectively.Â
KKR has closed the acquisition of Clinisupplies, a specialist in continence care products in the UK, from Healthium, through KKR Health Care Strategic Growth Fund II, a $4.0 billion fund focused on investing in high-growth healthcare companies.
OGCI Climate Investments, a specialist investor focused on decarbonisation solutions, has made an additional investment in Svante as part of the carbon capture specialist’s $318 million Series E fundraising round, which values the company at over $1 billion, giving it unicorn status.Â
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