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Intelligence

Illinois retirement fund on the hunt for MWDBE PE manager

The Illinois Municipal Retirement Fund (IMRF) is looking for a US-based Minority, Women, Disadvantaged Business Enterprise (MWDBE) private equity investment manager, according to a report by AlternativesWatch. The $54.7 billion scheme is looking to allocate a $50 million mandate across a raft of private equity strategies including venture, growth, lower

CVC Credit supports Altano Group’s buy and build plans

CVC Credit has provided debt facilities to support the acquisitive growth strategy of Altano Gruppe (Altano), a network of equine veterinary clinics and practices across Europe. CVC Credit will support the continuing growth strategy of the business through its European Direct Lending Strategy, which focuses on lending to established European

Cambridge Innovation Capital raises £225m for Fund II

Cambridge Innovation Capital (CIC), a venture capital investor focused on building world-leading deeptech and life sciences businesses connected with the Cambridge ecosystem, has raised £225 million ($300 million) for its oversubscribed second fund (Fund II). With Fund II, CIC now manages in excess of £500 million, giving it the scale

finnCap Cavendish advises on sale of Tictrac to Dialogue Health Technologies

finnCap Cavendish, part of finnCap Group, has advised on the sale of Tictrac Ltd, a UK-based SaaS provider of a global health and wellness platform, to Dialogue Health Technologies (Dialogue), a Canadian virtual healthcare and wellness platform, for up to CAD56 million. The transaction is expected to close within c30

Bite Investments builds out executive management team with four new strategic hires

Bite Investments, an international alternative investments and technology company, has made four significant hires. Bite’s mission is to utilise its technology platform to expand access to the alternative investment ecosystem.   Justin Mason will become the Global Head of Asset and Wealth Management Sales, effective 25 April. Mason joined Bite

Ardian Raises record $5.25bn for infrastructure secondaries fund

Private investment house Ardian has raised $5.25 bn for its latest infrastructure secondaries fund – Ardian Secondary Fund VIII Infrastructure (ASF VIII Infrastructure). The fund, which was significantly oversubscribed and reached its hard cap within nine months, is the largest infrastructure secondaries platform in the world. It represents a more

Silver Oak’s Integrated Oncology Network acquires California Cancer Associates

Integrated Oncology Network (ION), a portfolio company of private equity firm Silver Oak Services Partners (Silver Oak), has acquired California Cancer Associates for Research & Excellence (cCARE). Founded in 1993, cCARE is a leading provider of comprehensive cancer treatment services with over 30 providers across 6 centres in the Fresno

Lead Capital Partners appoints director

Lead Capital Partners (LCP), a Nashville-based private equity firm focused on lower middle market buyouts of healthcare companies, has appointed Lamar Stanley as a director. Stanley will lead business development and deal origination.   Prior to joining LCP, Stanley was a Director at Gen Cap America, a lower middle market

Private equity veterans launch claimant-focused law firm

Ed Gehres, General Counsel of Miami-based investment platform 777 Partners, and Blake Trueblood, General Counsel of litigation funding companies JusticeFunds and Signal Funding have launched Invenio LLP, a law firm that will focus on plaintiff and claimant-side litigation and litigation finance matters. With decades of experience as complex case litigators,

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