Allocations
Preqin’s latest analysis of the risk/return profile of major private equity and private debt fund strategies has shown that direct lending funds have been providing investors with superior returns given their level of risk.
These funds, which have increased in prominence since the fallout of the global financial crisis and the reduction in bank lending, are returning 11.4 per cent on average annually. This is only surpassed by distressed debt funds over the same period (vintage 2002-2012), which are returning 12.6 per cent. When looking at the disparity of returns, direct lending funds have one of the lowest standard deviations
KKR has held the final closing of KKR Lending Partners II, a USD1.34 billion fund focused primarily on privately-originated senior loans. KKRLP II is the successor fund to KKR Lending Partners I which exited its investment period in December 2014.
The Fund, for which KKR began soliciting third party capital in 2014, received strong backing from a diverse group of new and existing investors, including public pensions, insurance companies, private banking platforms, family offices and individual investors.
Erik Falk, Co-Portfolio Manager of the Fund, says: “We are very pleased that we were able to attract a nice mix of new
Intralinks Holdings, a provider of secure enterprise content collaboration solutions, has partnered with Kira Inc, provider of the Kira Diligence Engine.
By leveraging the two platforms, the M&A due diligence process is dramatically streamlined through the partial automation of document review and abstraction. As a result, dealmaking is easier and more productive.
“We’re excited about this new relationship with Kira,” says Matt Porzio, vice president of strategy and product marketing at Intralinks. “Together, Intralinks Dealspace and Kira Diligence Engine help ensure high-stakes transactions are brought to a fast close. The partnership will save our customers time and expense and
Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at USD1.065 billion. The fund, which was oversubscribed, will invest side-by-side with Thoma Bravo Fund XI, a USD3.662 billion fund that closed in May 2014.
“We are very appreciative of the investor support for this supplemental ‘top off’ fund, which we see as an acknowledgment of our team’s strong track record in software investing and the good start we believe we’ve gotten with our Fund XI,” says Orlando Bravo, a managing partner at Thoma Bravo. “We expect the Special Opportunities Fund to give us added
Billtrust has raised USD25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures. The funding will enable Billtrust to continue its aggressive growth strategy and to pursue additional acquisitions.
“We took time to find the right investment partners who can help our team grow strategically and deliver against our business goals. Both Goldman Sachs and Bain Capital Ventures share our vision to transform B2B invoicing and payments,” says Flint Lane, CEO and Founder of Billtrust.
Billtrust works with thousands of businesses to streamline their invoice-to-cash processes. The company is committed to helping
An affiliate of Versa Capital Management has completed the previously announced acquisition of the business of The Wet Seal, a specialist in young women’s fast fashion retailing through mall stores and e-commerce.
The transaction was approved by the United States Bankruptcy Court for the District of Delaware on 1 April, 2015.
The new company, known as The Wet Seal will maintain its headquarters in Foothill Ranch, California and continue operating its 173 stores and growing its online platform. The company’s operations will be supported by a new USD15 million senior credit facility provided by Crystal Financial.
Wet Seal’s
Constellation has acquired a majority stake in Trans Europa Express Holding AG (TEX), formerly HSM Group), a provider of Train Operating Services in Western Europe.
TEX serves as an outsourcing partner for its customers for which the company runs rail traffic and operates in Germany, Switzerland, Austria (DACH) and the Netherlands employing 900 people.
Among TEX`s customers are all major private and national passenger and rail cargo companies in the DACH region and the Netherlands. With its own train driver school, the company provides training for qualified railway personnel. Further, TEX provides safety and supervision services for rail track
Linklaters has advised Brait, the South African listed private equity group, on its acquisition of an 80 per cent stake in Virgin Active, the leading international health club operator, from CVC and Virgin. The deal values Virgin Active at GBP1.3bn.
Virgin Group will retain a 20% stake, excluding management. The existing management team will be retained and will be reinvesting alongside Brait. The implementation of the deal is subject to approval by the South African and Namibian competition authorities.
The Linklaters team, which also advised on the tax structuring of the deal, was led by private equity partners Alex Woodward and
Global venture capital firm New Enterprise Associates has closed its fifteenth fund with USD2.8 billion in committed capital to its core fund, as well as an additional USD350 million for its NEA 15 Opportunity Fund.
With commitments totalling more than USD3.1 billion, this fundraising brings the firm's cumulative committed capital since inception to nearly USD17 billion.
"Like our industry, much has changed since NEA's founding nearly 40 years ago," says Peter Barris, Managing General Partner. "We have grown from a trio of founders with a USD16 million fund to more than two dozen partners deploying multi-billion-dollar funds across five continents.
Private equity fund of funds Asia Alternatives has held the final close of over USD1.8 billion in new commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (Fund IV).
"We are extremely grateful that a significant number of our original limited partners continue to support us and we are pleased to have added a number of highly respected and well-recognised new investors in Fund IV," says Melissa Ma, Co-Founder and Managing Director of Asia Alternatives.
The largest of the Funds is Asia Alternatives Capital Partners IV, LP which, along with its sleeve fund focused on
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
