Allocations
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
Yukon Partners (Yukon) has held the final closing of Yukon Capital Partners III, and its associated parallel funds, at its hard cap of USD558.7 million in total capital commitments.
Since its inception in 2008, Yukon has raised over USD1.2 billion in total capital commitments across three funds. Fund III will be invested by Yukon’s partner group; Michael Hall, William Dietz, and Michael Furey who combined, have executed more than 81 investments representing over USD1.3 billion of invested capital since 2000.
Fund III continues Yukon’s mission of providing mezzanine capital to middle market businesses primarily in transactions controlled by private
The State Street Investor Confidence Index (ICI) for November 2017 decreased to 97.1, down 1.0 point from October’s revised reading of 98.1.
The minor decline in global sentiment was driven largely by a 12.0 point drop in the European ICI to 81.0. By contrast, the North American ICI rose by 3.7 points to 102.6 and the Asian ICI increased by 1.0 point to 97.5.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by
Nomura Holdings is extending its range of services by investing an initial JPY100 billion in establishing a new private equity business.
Under the new business, Nomura will primarily provide equity to clients as a solution for business reorganisations and revitalisations, business succession as well as management buyouts.
Effective 1 December, 2017, Nomura will establish the Merchant Banking Preparation Office, which will be responsible for sourcing deals and working out the details of the new business.
Equity and other investments will be provided through a fund. In addition to the cost of setting up the fund, Nomura plans to
Audax Private Equity (Audax), has completed the sale of Astrodyne TDI to Tinicum and affiliated investment partnerships managed by Tinicum Incorporated (Tinicum).
Founded in 1994, Astrodyne is a global developer and manufacturer of specialized power solutions for demanding applications focused in the advanced medical, military, aerospace, and industrial markets worldwide. The Company’s product lines include power supplies, EMI filters, and electronic control products. Astrodyne is headquartered in Nashua, NH with over 600 employees and operations in the US and China.
Geoffrey S Rehnert, Co-Chief Executive Officer, Audax Group, says “The Astrodyne team transformed the business into a global developer
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
