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Intelligence

General Mills invests $15m in funds for minority and female entrepreneurs

General Mills’ venture capital arm, 301 INC, is to invest a combined $15 million into two early-stage venture capital funds, Fearless Fund and Supply Change Capital. These investments are part of General Mills’ commitment to standing for good and promoting racial and gender equity in representation through economic opportunity for

General Atlantic appoints CEO of BeyondNetZero

Global growth equity firm General Atlantic has appointed Lance Uggla as chief executive officer of BeyondNetZero, the firm’s climate growth equity venture focused on supporting and scaling high-growth companies that are developing innovative solutions to meet and exceed net zero emissions targets. Uggla is a successful entrepreneur and global business

Eldridge leads Util seed round

Util, a global sustainability data provider measuring the social and environmental impact of companies and investment portfolios, has closed a seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO of Sungard Bank), Andy Brown (former CTO of UBS), and Roseann Palmieri (former Head of

Allvue Systems to support LGL Group’s fund admin business

LGL Group (LGL) has selected Allvue Systems to provide Fund Accounting and Investor Portal solutions to support its growing fund administration business. Allvue’s Fund Accounting software will provide LGL with a back-office system fully capable of offering fund administration and investor reporting services across different fund types including private equity,

Mandarin Capital Partners renamed to Mindful Capital Partners

Mandarin Capital Partners, the private equity fund manager, has changed its name to Mindful Capital Partners. The new name fully reflects the investment strategy and approach that has long characterised the activities of the management team, which is committed to supporting the development of Italian and European mid-cap companies with

MedTrainer announces $43m Series B funding round led by Vista Equity Partners

MedTrainer, a healthcare company in credentialing, training, and compliance management, has made a $43 million Series B investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Existing investor Telescope Partners also participated in the round. The investment will be leveraged

Util closes seed round led by Eldridge

Util, a global sustainability data provider measuring the social and environmental impact of companies and investment portfolios, has closed a seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO of Sungard Bank), Andy Brown (former CTO of UBS), and Roseann Palmieri (former Head of

Stellus Capital Management partners with iCapital

Stellus Capital Management, LLC (Stellus), a in middle-market direct lending, has partnered with iCapital, the global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries. The partnership provides access to Stellus’ private credit strategy by leveraging iCapital’s industry-leading technology.

PolySign acquires MG Stover

PolySign, a fintech company providing digital asset infrastructure to institutional investors, has acquired MG Stover, a full-service digital asset fund administrator. The acquisition supports PolySign’s Series C capital raise and adds key investors to its shareholder base including Soros Fund Management, Brevan Howard, and GSR.  Cowen Digital will also add

Salsify closes $200m investment led by TPG

Salsify, the Commerce Experience Management (CommerceXM) platform, has closed a $200 million Series F round of financing led by TPG, a global alternative asset management firm. The round, which includes investments from Permira’s Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition, brings Salsify’s valuation to $2 billion.  

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