Allocations
ICG, the specialist asset manager with EUR27.2 billion of assets under management, announced earlier this month that it had raised EUR5.2 billion of dry powder to deploy in the third vintage of its Senior Debt Partners strategy.
The capital raised for Senior Debt Partners III (SDP3) makes it the largest commingled direct lending fund to date, in Europe. Such was the level of interest in the wider marketplace that USD4.2 billion was new commitments, with investors coming from a large number of jurisdictions such as Israel, Korea, Australia, the US and Europe.
One of those leading on the complex deal
KKR has held the final closing of KKR Health Care Strategic Growth Fund (HCSG), a USD1.45 billion fund dedicated to health care growth equity investment opportunities in the Americas.
KKR will be investing more than USD265 million of capital in the Fund alongside external investors through KKR’s balance sheet and employee commitments.
“The health care sector has demonstrated strong fundamentals throughout multiple cycles,” says Ali Satvat, KKR Member and Head of KKR’s Health Care Strategic Growth investing efforts. “Significant advances in medical innovation have yielded new products and services for patients, while consolidation and novel approaches to care delivery
Euronext has expanded its ‘Federal model’ with the acquisition of 100 per cent of the shares and voting rights of The Irish Stock Exchange (ISE) for EUR137 million.
The acquisition is in line with Euronext’s long term strategy, and sees Ireland become its sixth core European country. Euronext intends to position ISE as centre of excellence for the Group in the listing of debt, funds and ETFs.
Stéphane Boujnah (pictured), Chief Executive Officer and Chairman of the Managing Board of Euronext, says: “The Irish Stock Exchange joining Euronext represents a major milestone in the expansion of Euronext’s federal model since its IPO.
Ardian, an independent private investment company, has entered into exclusivity with some family shareholders and Tikehau Capital to acquire a controlling stake into Les Dérivés Résiniques et Terpéniques (DRT).
The proposed transaction values DRT at approximately EUR1 billion and is fully supported by DRT’s management team which will remain in place and is headed by its CEO Laurent Labatut. This transaction would be a further step in the company’s development path as many individual shareholders and Tikehau Capital have decided to reinvest part of their proceeds alongside Ardian.
Created in 1932 and headquartered in Dax (France), DRT is a global
Lightyear Capital, a private equity firm focused on financial services investing, has held the final close of its fourth private equity fund, Lightyear Fund IV, with more than USD950 million in capital commitments, with an additional USD75 million raised in a related co-investment vehicle.
Fund IV received commitments from US and foreign institutional investors, including public and private pension plans, insurance companies, fund of funds, and high net worth individuals. Since inception, Lightyear has raised approximately USD3.6 billion of private equity capital.
Fund IV, the largest fund raised by Lightyear to date, will be invested primarily in control investments
Mubadala Investment Company, an Abu Dhabi Government owned company, has acquired Verno Capital’s private equity advisory unit to strengthen its internal investment and asset management capability across Russia and the CIS region.
The transaction sees a number of Verno employees transfer to Mubadala, who will now have a complete focus on Mubadala’s Russian portfolio and investment pipeline. This comes as Mubadala seeks to grow its Russia investment portfolio across multiple sectors.
Mubadala has been a major shareholder and investor in Verno Capital since 2010, deploying capital across Verno’s funds as well as using its investment advisory unit’s services to support
Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has led a USD12.0 million mezzanine debt investment and a USD0.3 million equity co-investment to support the acquisition of Remedy Health Media (Remedy) by Topspin Partners (Topspin).
Headquartered in New York, NY, Remedy is a leading digital health platform specialising in inspirational, video-based storytelling and award-winning digital brands. The Company’s portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness, and Healthcommunities. Its largest property, HealthCentral, has become a primary destination for inspirational multimedia patient stories – under the Live Bold, Live Now initiative – that connects Remedy’s
RPC and The British Private Equity and Venture Capital Association (BVCA) have launched a new guide on private equity fund restructurings to bring clarity to this complex area.
RPC has produced the guide for fund sponsors, investors and investment professionals, going through potential scenarios that could require a private equity or similarly structured investment fund to restructure and what needs to be done.
The guide covers several issues including: Brexit; adverse fund economics; investor defaults; and manager distress.
The guide also details the liabilities and defences for asset managers when faced with litigation, as well as certain recent
KKR is teaming up with Ron Voigt, formerly an executive at Danaher Corporation, to work together to identify and acquire mid-market businesses in the industrials sector.
Together with KKR, Voigt will focus on acquiring manufacturing businesses generating roughly USD25 to USD50 million of EBITDA. Once a company has been acquired, they will aim to support the business in achieving breakthrough performance and growth while also implementing an innovative employee engagement model utilised in KKR’s industrials transactions in recent years.
Voigt previously served as the President of X-Rite Pantone, an operating subsidiary of Danaher Corporation. While at X-Rite, he led
APEXX, a single marketplace for global payments, has closed an initial seed funding round and been awarded a grant by Innovate UK, activity totalling USD4 million (GBP3.2 million).
The round was led by Forward Partners, a top London-based VC which specialises in applied artificial intelligence (AI) and have previously invested in EmpowerRD, Ably and Epic. The round was also supported by MMC Ventures and Alliance Venture, based in Oslo, Norway.
The global APEXX network is made up of payment service providers and banks which helps merchants to reduce the cost of cross border payment acceptance, increase sales with optimised payment transaction routing and manage multiple provider
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
