PE Tech Report

Launches & Fundraising

FTX launches USD2bn venture fund

FTX Trading Limited (FTX), has launched FTX Ventures (the Fund), a USD2 billion venture capital fund focused on backing the world’s best teams building in the digital asset ecosystem. FTX Ventures’ core mission is to advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech,

Verdane launches EUR300m growth impact fund

European specialist growth equity investor Verdane has held a final close of Verdane Idun I (Idun), an impact focused fund investing in technology-enabled businesses based out of Europe. The Fund is classified as “Article 9” under the European Union’s Finance Disclosure Regulation and closed at its hard cap of EUR300

Tech investment firm Recognize closes USD1.3bn growth fund

Recognize, a technology investment platform that is singularly focused on the USD2-trillion technology services industry, has raised approximately USD1.3 billion for its inaugural fund. Recognize seeks to partner with next-generation technology services firms to translate innovations into business value. Recognize has closed on three platform investments with over 4,000 employees

Tecovas secures USD56m in Series C Funding round led by Elephant

Elephant has led a USD56 million Series C funding round in Tecovas, a footwear, apparel, and accessories brand, bringing total lifetime equity funding to approximately USD120 million. Elephant, which also led Tecovas’ Series A and Series B rounds, is joined by new and existing investors, including Access Capital, Seamless Capital,

Blackstone holds final close of fourth Capital Opportunities Fund

Blackstone has held the final close of Blackstone Capital Opportunities Fund IV (COF IV) bringing the total of funds available to Blackstone Credit’s opportunistic private debt strategy to USD8.75 billion. COF has an almost 15-year track record of providing private financings for businesses of all sizes and across industries. COF

Golding holds final closing of Secondaries Fund at EUR280m

Golding Capital Partners, an independent asset managers for alternative investments, has held the final closing of its first dedicated secondaries fund with commitments of some EUR280 million. Thanks to strong demand from institutional investors, particularly from the client segments pension funds and savings banks, the original target volume of EUR200

North Sky Capital closes third sustainable infrastructure fund at USD200m

North Sky Capital (North Sky), a pioneer in impact investing, has raised USD200 million to support the development and construction of new sustainable assets in Low Income Communities across the United States. North Sky launched its Low Income Communities Investment Initiative in late 2019 with two parallel investment vehicles: Infrastructure

TMV closes Fund II at over USD64m

TMV, a NYC-based early stage venture capital firm, has closed its second institutional venture fund, surpassing its initial target of USD60 million. Oversubscribed by approximately USD5 million and six-times the size of Fund I, TMV’s second fund is backed by multiple Fortune 500 institutions, including three global banks, a large

Sixpoint Partners closes First Reserve Refuel Continuation Fund

Sixpoint Partners (Sixpoint) has held the closing of the First Reserve Refuel Fund, a USD511 million single-asset continuation vehicle managed by First Reserve. Sixpoint was retained by First Reserve, a middle-market private equity firm with a focus on the energy and industrials sectors, to serve as global exclusive placement agent

Seaport Capital closes Sixth Fund at USD240m

Seaport Capital (Seaport) has successfully closed Seaport Capital Partners VI (Fund VI), a USD240 million private equity fund. Fund VI will continue Seaport’s 25-year investment approach, focusing on lower middle-market investment opportunities in the business and information services, communications services, and media sectors.  Fund VI’s investor base includes institutional investors,

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