Allocations
Commonfund Capital has closed its third dedicated private equity co-investment fund, Commonfund Capital Co-investment Opportunities III, LP, at USD160 million, above its USD150 million target.
The fund had strong participation from existing investors as well as a number of new institutional limited partners including foundations, endowments, family offices and sophisticated clients of registered investment advisors and consultants.
Commonfund Capital has invested in select co-investments alongside high conviction managers and sponsors since 1997 with aggregate committed capital of over USD1 billion. It has invested through both its commingled portfolios as well as through its dedicated co-investment partnerships.
“The
Recuro Health (Recuro), an integrated digital health solutions company, has raised USD15 million in a Series A financing round led by ARCH Venture Partners, with follow-on support from existing Seed Round-investors OLSF Ventures, Cortado Ventures, 1843 Capital and Sage Venture Partners.
Addleshaw Goddard has advised FTSE 250 client Sanne Group on its GBP1.5 billion recommended cash takeover offer by Apex Group.
The AG team was led by Simon Wood and included corporate associates Jenny Crossan and Vinay Rawal, together with a wider team from the firm’s financial services, antitrust and regulatory teams.
Sanne Group is a leading global provider of outsourced alternative asset and corporate business services. The acquisition by private-equity backed Apex Group would create one of the largest global financial services providers in the alternative assets space.
Wood says: “Private equity interest in UK PLC is a notable feature
Abtrace, a healthtech start-up which uses machine learning to transform how chronic and long-term health conditions are detected, monitored and treated, has raised GBP2.1 million of seed funding in a round led by Faber and joined by Ganexa Capital.
Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and shorting, according to Cambridge Associates.
Trudi Boardman, Hedge Fund Specialist at Cambridge Associate said that many hedge funds are still in the earlier stages of introducing ESG policies and processes, and that “there’s still a long way to go.”
She commented: “The ESG area is still very much a work in progress on the hedge fund side. There are challenges in
Suntera Global has continued its growth strategy with the acquisition of Reference Financial Services SA (Luxembourg), a boutique fund administration and corporate services firm.
The acquisition, which is subject to appropriate regulatory approvals, adds to Suntera Global’s client base while strengthening its presence in EU markets. The move supports its growth strategy and complements its office network in Jersey, Cayman, Bahamas, Isle of Man, Malta, Hong Kong and Switzerland.
Founded in 2003, Reference Financial Services SA (Luxembourg) (Reference) is a provider of boutique fund administration and corporate services to Luxembourg based entities. With headquarters in Luxembourg, the firm has a
Monroe Capital (Monroe) has acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Liberty Safe Holding Corporation (Liberty Safe) by private equity sponsor Monomoy Capital Partners.
Founded in 1988 and headquartered in Payson, Utah, Liberty Safe is a leading designer, manufacturer and distributor of branded and private label home and gun safes for residential use.
The company sells its safe products through the largest independent dealer network in the industry and through national sporting goods, farm goods and home improvement retailers.
LevelTen Energy, a provider of renewable transaction infrastructure, has raised USD35 million in a Series C funding round led by NGP ETP, with participation from My Climate Journey (MCJ) Collective, as well as nearly all of LevelTen’s existing investors, including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders’ Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures and Wireframe Ventures.
In addition, Google participated as part of its goal of supporting innovative solutions that help enable businesses of all sizes, including Google Cloud customers, to source 24/7 carbon-free energy. LevelTen has now raised USD62.3 million, in aggregate.
This latest capital infusion will
Janus Continental Group (JCG), a conglomerate with businesses in the Energy, Hospitality and Real Estate sectors across three continents, has made a significant further investment in Highview Power, developer of liquid air long duration energy storage plants based on its proprietary cryogenic energy storage technology.
JCG completed a call option on a previous investment made in early 2021, which increases JCG’s investment in Highview Power to more than GBP20 million.
JCG’s subsidiary, Great Lakes Africa Energy Ltd (GLAE), previously licensed Highview Power’s cryogenic energy storage technology to co-develop large-scale renewable energy generation and storage projects. Its investment is tackling
Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at USD16.4 billion, according to GlobalData.
Deal activity in the UK has remained inconsistent throughout 2021, with some months experiencing decline in deal volume and value. In fact, July 2021 registered decline in both deal volume and value.
Aurojyoti Bose, Lead Analyst at GlobalData, says: “Despite the inconsistent trend, the UK remains one of
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