INVL Asset Management, one of Lithuania’s leading asset management companies, has completed a first closing of the INVL Baltic Sea Growth Fund, a closed-end private equity fund intended for professional investors, at EUR106 million.   The INVL Baltic Sea Growth Fund became the largest private equity investment fund in the

PIR Equities, an employee-owned private equity firm, has raised EUR275 million (USD312 million) for its third flagship fund. Established in 2008 by Joseph Aaron Horowitz and Oded ‘OD’ Kobo, PIR Equities manages a varied portfolio including interests in property, securities, technology, and ownership in operating businesses with over USD650 million in assets.   “We are proud of

Ropes & Gray has advised private equity firm TSG Consumer Partners on its eighth fund, TSG8, which held a final closing on 4 February with USD4 billion of limited partner capital commitments. As with its prior fund, TSG8 was substantially oversubscribed. The fund will primarily focus on high-growth consumer companies

Section Partners, which provides creative financing solutions for stock and option holders of late-stage, venture-backed private companies, has closed a third fund with commitments totalling USD74 million. Investors include a global fixed income investment manager, family offices, and individual investors, including a number of prominent venture capitalists and Silicon Valley tech

Private equity firm Hidden Harbor Capital Partners (Hidden Harbor) has closed its debut buyout fund at over USD265 million, above its target, with contributions from a balanced mix of endowments, foundations, pensions, family offices and funds of funds. “We are humbled by all of the support from our limited partners,

Three Hills Capital Partners (THCP) has held the final close of its third fund, Three Hills Capital Solutions III (the Fund) at its hard cap of EUR540 million after exceeding the original target of EUR400m at the first closing in September. Three Hills Capital Partners was advised by Rede Partners,

The SidebySide Partnership, a London venture capital firm founded by technology veteran John Bailye, has launched a technology EIS fund to support ‘scale-up’ businesses. The fund will not charge performance fees until investors have made their money back and an extra 60 per cent on top – a market-leading threshold.

MJ Hudson has advised NextEnergy Capital on the first closing of NextPower III LP (NP III), a solar energy fund, with initial commitments of circa USD160 million. NP III’s investment strategy is to invest in new-build solar photovoltaic (PV) projects internationally. NP III is expected to build a diversified portfolio

Vala Capital, a UK venture capital firm, is looking to shake-up fees in the EIS industry with the launch of its new EIS fund.   Vala Capital says the fund’s fee structure means investors will not pay any initial fees, annual management charges (AMC) or administrative, audit or custodian costs.

Liquid Stock (Liquid) has launched a fully independent, institutionally backed firm providing liquidity to employees and stockholders of privately held companies.  This strategy will align the interests of employees and shareholders by converting option holders into owners, providing companies with an alternative to tender offers and offering employees and shareholders