Allocations
Queen’s Park Equity (QPE) has held final close of its debut fund, Queen’s Park Equity Partners I, LP. The Fund was oversubscribed and closed at its hard cap of GBP185 million of third-party institutional commitments, exceeding the GBP150 million target.
The strong investor support for the Fund, the sole UK first-time fund raised entirely during the CV-19 pandemic, came from international institutions including endowments, foundations, family offices, pension funds and fund-of-funds, as well as from the QPE founders’ network of highly experienced, sector specific ambassadors.
The successful fundraise, completed in a challenging economic environment, is testament to the team’s experience
Specialist Risk Group (SRG), a fast-growing specialist insurance broker, has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC.
SRG’s management team will invest alongside HGGC and continue to hold a significant stake in the business. The private transaction is expected to close in Q1 2021, subject to regulatory approval. As part of the transaction, existing investor Pollen Street Capital will exit the business.
SRG was formed by Pollen Street Capital through the acquisition of Miles Smith in 2018 and The Underwriting Exchange in 2019. Under the leadership of Group CEO Warren Downey, SRG is
Zipari, the company behind the first and only consumer experience platform built specifically for health insurance, has secured a strategic growth investment from Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector.
Through this investment valuing the company at more than half a billion dollars, Zipari will combine with Healthx, a provider of trusted healthcare engagement technologies, to create the leading CX platform and solutions for health insurance payers and third-party administrators. Mark Nathan, Founder and CEO of Zipari, will continue to lead the business. The company will remain headquartered in Brooklyn, New York.
United E&C (United), an infrastructure engineering, procurement, construction and consulting company, formerly the Power Construction division of AECOM (ACM), has launched as an independent company following the closing of AECOM’s sale of United to affiliates of CriticalPoint Capital (CPC).
“United continues our 115-year heritage of providing end-to-end engineering and construction services to the power industry,” says Scott Reeder, Chief Executive Officer of United. “In CriticalPoint Capital, we have found a partner with the industry knowledge and operational resources to support our vision. We are excited to work with CPC to build upon our legacy of providing critical infrastructure and services
StarCompliance (Star), a provider of employee compliance and regulatory technology solutions to the financial services industry, has secured a majority-control, growth equity investment from Marlin Equity Partners (Marlin).
The transaction enables Star to further expand its leadership position within the global compliance market by accelerating product innovation and supporting the company’s ongoing international expansion. Luminate Capital Partners (Luminate), the company’s majority shareholder since 2017, will retain a minority stake.
With a client base of over 500,000 users across 83 countries, Star is a market-leading, highly configurable compliance solution trusted by the world’s largest regulated firms, including asset managers, investment
Paxos, a regulated blockchain infrastructure platform, has closed a USD142 million Series C round of funding.
Declaration Partners, the investment firm backed by the family office of David M Rubenstein, led the round, which includes investments from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group and more. Previous Paxos investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, Paxos has raised more than USD240 million in funding.
Charles Cascarilla, CEO and Co-Founder of Paxos, says: “In the last year, global adoption of crypto and blockchain-based solutions by
Odyssey Investment Partners (Odyssey) is to acquire Protective Industrial Products Inc (PIP), a global supplier of personal protective equipment (PPE) and industrial safety products, from Audax Private Equity.
Financial terms of the transaction were not disclosed.
PIP, founded in 1984, offers a broad suite of the most recognised PPE products and brands across numerous segments, including hand & arm protection, protective clothing, head protection, eye & hearing protection, and other safety protection. Headquartered in Latham, NY, PIP has a diversified channel presence across distributors, retailers, and e-commerce platforms; the largest and most knowledgeable sales force in the industry; and an
Nordea Asset Management has reached the EUR150 million target for its first secondary-investments focused fund, Nordea Private Equity Secondary Fund I, ahead of its final close on 12 January 2021.
Nordea Private Equity Secondary Fund I was launched in 2019 and complements Nordea’s Private Equity flagship fund, Nordea Specialised Investment Fund, SICAV-FIS – Global Private Equity Fund, an open-ended solution with over 50 institutional investors and private equity commitments of over EUR 1bn to top quartile funds since 2012.
In a low-yielding environment, investors are looking for opportunities within illiquid asset classes and secondary investments have been delivering strong
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Safety Products Holdings, LLC, the parent company of Pacific Handy Cutter (PHC), to Bertram Capital.
PHC is the leading supplier of specialised safety cutting tools and replacement blades to a diverse range of end markets. The Company is a recognised leader in the industrial safety market for standardising the method of opening packaging and providing products that are engineered to eliminate workplace injuries, reduce damaged merchandise and improve employee productivity. PHC was founded in 1950 and is headquartered in Irvine, California.
Matthew Frankel, Managing
European software investor Hg has made an investment in Geomatikk Group (Geomatikk), a tech-enabled services provider, managing critical ‘check-before-you-dig’ safety assessments to network owners, contractors and consulting engineers within Norway, Sweden and Finland.
Hg will support Geomatikk with its extensive experience in scaling tech champions across Europe. Hg will become the majority investor, with founders and management remaining as significant investors in the business. The full terms of the transaction are not disclosed and closing is subject to obtaining relevant regulatory approvals.
Founded in 2005, Geomatikk is a leading tech-enabled services provider managing critical “check-before-you-dig” requests in Norway, Sweden
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
