McNally Capital (McNally) has held the final closing of its inaugural private equity fund, McNally Capital Fund II, with over $150 million in limited partner fund commitments and related co-investments. The firm has over $500 million in total assets under management (AUM) and now has 15 investment and operating professionals to support its growth. McNally Capital has already completed the first two investments out of McNally Capital Fund II with the acquisitions of Orbis Operations and Smith & Oby. Through the fund, the firm will continue its differentiated investment strategy of investing in founder-, family-, and management-owned companies in the

Eurazeo has exceeded its fundraising target for the Eurazeo PME IV Fund by attracting more than €1 billion, 50% more than its previous fund. Since 2006, the small-mid buyout strategy’s assets under management have grown from €50 million to more than €1 billion. In 2011, these investments were financed solely by Eurazeo’s balance sheet, but now more than 60% of assets come from institutional and private investors, as opposed to 38% for the predecessor fund.   Partner-investors include top-tier institutional investors – asset managers, sovereign funds and insurance companies – and family offices originating in France (64%), other European countries

B Capital, a global multi-stage investment firm, has closed Ascent Fund II (Ascent II), its first dedicated early-stage fund, with $250 million capital commitments. Ascent II will invest in pre-seed through series A rounds globally, with an emphasis on the US and Asia. The Ascent team was founded by Chair and General Partner Howard Morgan, firm Co-Founder and Managing Partner Eduardo Saverin, General Partners Gabe Greenbaum and Karen Page, and Partner Karan Mohla. Leveraging their decades of experience as active partners of early-stage companies, they target founders leading the next wave of innovation across digital healthcare, enterprise software, fintech and

Tani Dulay, chief executive of property investor and developer Woodbourne Group, has unveiled a new early capital and pre-seed accelerator fund which will support other talented entrepreneurs. Woodbourne Ventures has £1 million allocated to back promising Birmingham-based businesses. Its aim is to help the city’s entrepreneurs build successful businesses that will generate jobs and attract further investment to the region.   Four companies have received funds to date – a clean-tech business that produces net zero concrete, a sustainable loungewear company, a fintech trading business and the fourth is a web3 based company which is to be announced shortly. For

Fundamental Advisors (Fundamental), an alternative asset manager dedicated to municipal and public purpose investing, has held the final close of its fourth flagship private equity fund, Fundamental Partners IV LP (Fund IV), with $1.43 billion in capital commitments. Fund IV’s total commitments significantly exceeded its original target of $1 billion. The fund received support from a majority of existing investors along with a diverse group of new investors including state pension plans, insurance companies, university endowments and private wealth platforms.    Fund IV will continue Fundamental’s strategy of employing both private equity-style control and high-yielding private credit practices to invest

Accession Capital Partners (ACP) has held the first close of ACP Credit Fund I, the firm’s first direct lending fund to provide flexible senior funding for businesses in Central European EU countries, with €90 million in capital commitments. The fund, which has a target of up to €200 million, is sponsored by ACP and C Quadrat Investment AG. ACP Credit will focus on high-growth small- and medium-sized companies in Central Europe that are seeking to grow organically, acquisitively or to refinance existing bank debt, and is therefore a natural extension of ACP’s long-standing private debt platform. The fund will provide

Vektor partners, an independent technology VC firm dedicated to backing the leading mobility startups, has raised €125 million for a new fund that will focus the shift towards a more connected, autonomous, shared, electric, and sustainable future. Since its formation, VVektor Partners has invested in a series of startups with leading technology and business models in Europe, the US and Israel. It delivered its first US capital market exit with AEye, Inc in August 2021, when the LiDAR tech startup from California went public. VEKTOR PARTNERS together with Nielsen Ventures also led a $17.5 million Series A funding round into

Repsol and Suma Capital have launched SC Net Zero Tech Ventures, a new venture capital investment fund focused on energy transition technologies. The fund will assist companies that develop technologies aimed at decarbonisation and the circular economy to foster their growth and international expansion in order to accelerate their application on an industrial scale, and will have capital of up to €150 million.  In addition, Repsol Corporate Venturing, the company’s current investment vehicle, is entering a new phase and is now called Repsol Deep Tech. Exclusively owned by the multinational company, it will invest in early-stage technology startups and will

NOVA Infrastructure has completed the final close of its NOVA Infrastructure Fund I at $565 million. The Fund secured commitments from a diverse group of leading North American and global institutional investors including public and private pension funds, insurance companies, family offices, and asset managers.    NOVA Infrastructure was founded to exclusively focus on value-added, middle market infrastructure investments in North America. The fund has made six platform investments to-date across its target sectors of environmental services, transportation, energy and energy transition, and communications.