Allocations
Ropes & Gray has advised Oberland Capital on the successful closing of its second royalty and credit opportunities fund, Oberland Capital Healthcare II, which announced that it closed at its hard cap of USD800 million in capital commitments on 6 September.
Fund II will target investments between USD20 million and USD150 million with a focus on commercial stage or near-commercial stage biopharmaceutical, medical device and diagnostic companies and royalty-bearing products. Investors in Fund II include public and corporate pension plans, financial institutions, foundations and endowments located in the United States, Europe and the Middle East.
Founded in 2013, Oberland
O’Melveny has represented Solace Capital Partners in acquiring a majority interest in Fabcon Holding Corporation, a manufacturer of precast, pre-stressed concrete wall panels, from Platinum Equity, which acquired Fabcon in 2016.
Fnancial terms of the deal have not been disclosed.
Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centres as well as mixed-use office, industrial, data centres and retail facilities. Fabcon serves the eastern half of the US through its four strategically located manufacturing facilities in Minnesota, Ohio, Pennsylvania and Kansas.
Solace Capital Partners is a private investment firm focused on
Grasshopper Solar, a Canada-based solar energy company, has made a USD80 million investment in Setouchi Koken’s Iizuka Solar Plant located in Fukuoka, Japan.
This 21.6MW ground mount project will utilise 65,455 solar panels, generate 26,136 MWh of clean energy and offset 19,451 tons of carbon emissions per annum.
The Iizuka Power Plant will be developed by Setouchi and its Japanese partners with construction commencing in Q4 2018, and is expected to achieve commercial operation by Q3 of 2020. This project, once completed, will participate in the country’s Feed-in Tariff program with a 20-year JPY36/kWh contract awarded by METI (Ministry of
Strata Fund Solutions (Strata), a fund service administrator for venture capital, private equity and other alternative asset managers and allocators, has closed a significant growth equity investment from FTV Capital.
Strata will continue investing in technology, product and client-centric service enhancements to deliver highly customised client solutions. Jared Broadbent, Darren Benson and Nathan Rees, Strata’s co-founders and managing partners, will continue their leadership of Strata and remain significant shareholders in the company. As part of the transaction, FTV Capital managing partner Brad Bernstein and partner Kyle Griswold will join the founders on the company’s board of directors. StepStone Group, a
Funds managed by Ares EIF, Ares Management’s power and infrastructure strategy, have closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners.
The Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a premier regional midstream platform serving the core of the Williston Basin in North Dakota, with additional reach into the prolific Eagle Ford Shale in South Texas. The combined entity, which will continue to be known as Paradigm, will continue to be operated
An affiliate of private equity firm HIG Capital (HIG) has acquired Recochem from an affiliate of Swander Pace Capital, in partnership with Recochem management. Terms of the transaction have not been disclosed.
Founded in 1951 and headquartered in Montreal, Quebec, Canada, Recochem is a global leader in manufacturing, marketing and distributing aftermarket transportation and household fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. The Company generates approximately USD500 million Canadian Dollars (“CAD”) of net sales annually, serving
Alternative investment fund (AIF) manager Olymp Capital has launched what it says is the first European investment fund to cover the entire blockchain and crypto asset ecosystem.
The fund will include blockchain-related private equity, initial coin offering (ICO) activity, and fund-of-fund activity centred on crypto hedge funds. The fund accepts investment both in fiat and cryptocurrencies (eg bitcoin, ether).
The Olymp Capital leadership team is led by experts in both traditional finance and in the blockchain ecosystem who have drawn on the best features of traditional venture capital, updated for the world of crypto investment. They include serial technology entrepreneur Christophe
Augmentum Fintech, a fintech venture capital investor, has made an investment of GBP5.3 million in UK based fast-growing mobile-only current account provider Monese.
Augmentum is participating in this GBP46 million Series B fundraising alongside Kinnevik, PayPal and Avios, all of whom are investing in Monese for the first time.
Monese (www.monese.com) launched in September 2015 as the first mobile-only current account in the UK and serves the increasingly mobile European labour market. The majority of its nearly 600,000 customers use Monese as their primary bank account, with 75 per cent of all incoming funds being regular salary payments.
ByBox, a specialist in smart locker technology and field service solutions has secured a strategic investment from Francisco Partners that values the company at GBP221 million.
The private equity firm backs ambitious technology-enabled businesses and will support ByBox’s expansion of its UK infrastructure and global deployment of its ‘Konnect’ app-locker solution.
“ByBox is a great company with a clear and increasingly critical proposition. Its success comes down to great leadership, outstanding customer service and relentless development of its solutions. Listening closely to customers and really understanding market trends has made ByBox an extremely investible business,” says Deep Shah,
ACORN OakNorth Holdings has secured USD100 million from the EDBI of Singapore, NIBC Bank, Clermont Group, GIC, and Coltrane Asset Management.
The USD100 million, which represents 4.3 per cent of the company, will be used to accelerate the growth of ACORN machine and enable OakNorth to continue scaling its lending efforts in the UK.
Since the start of 2018, OakNorth has doubled its loan book from USD1.1 billion to USD2.2 billion and expects to lend a further USD600 million this year. Its loans have directly helped with the creation of over 8,500 new homes and 8,000 new jobs in
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
