Allocations
Infrastructure-focused Independent investment manager Asterion Industrial Partners has exceeded its fundraising target in less than one year since the launch of its first fund, Asterion Industrial Infra Fund I, FCR.
The Fund, with a target size of EUR850 million, was registered with the CNMV (Comisión Nacional del Mercado de Valores – Spain’s market regulator) on 16th November 2018 and reached EUR901 million in commitments on 31October 2019. The Fund will remain open for a select number of investors who are currently in the process of completing additional subscriptions. These plan to be finalised before year end, when the Fund will
HKW, a middle-market private equity firm focused on growth-oriented companies, has acquired John M Floyd & Associates (JMFA), a provider of software and consulting solutions designed to optimise overdraft programs for regional/community banks and credit unions.
Financial terms of the transaction have not been disclosed.
Headquartered in Houston, Texas, JMFA serves more than 350 regional/community bank and credit union customers with its core overdraft privilege program, and also provides vendor contract negotiation services. The Company uses proprietary software and ongoing consulting to confirm compliance and identify areas of improvement with client overdraft programs. JMFA aligns with HKW’s Business Services
MMC Ventures, a research-led VC investor, has launched a new GBP100 million Scale Up Fund to provide expansion capital to its later-stage portfolio companies.
The Scale Up Fund will provide primary capital to current portfolio companies that have grown beyond the mandate of MMC Ventures’ existing funds. The Scale Up Fund can also participate in secondary transactions, offering liquidity to early MMC and third-party investors. In this way, capital can flow back into the early-stage funding ecosystem while MMC takes a longer-term outlook.
The Scale Up Fund was raised from institutional investors with Bluetower Associates acting as an advisor and
British Patient Capital, a subsidiary of the British Business Bank, has committed USD45 million to Balderton Capital Fund VII, as it closes at USD400 million.
The fund will focus on the Series A stage to support outstanding founders at this critical point in a start-up’s journey.
As with previous funds, Balderton will be looking to invest in leading-edge technologies, as well as strong brands with demonstrable momentum. Balderton’s existing portfolio includes Revolut, a digital bank focusing on global spending and transfers, Cambridge-based Healx, which uses AI to accelerate development of treatments for rare diseases, and Infarm, one of the
Asian private equity firm NewQuest Partners has held the final close of its fourth dedicated secondary fund, NewQuest Asia Fund IV with over USD1 billion in total commitments, surpassing its initial target of USD850 million.
The Fund increased its original hard cap of USD950 million to accommodate strong investor demand.
Fund IV investors include a diverse group of endowment funds, pension funds, sovereign funds, insurers, financial institutions and family offices across Asia, North America, Europe and the Middle East. Fund IV’s close comes on the back of NewQuest’s prior fund, NewQuest Asia Fund III, being fully deployed.
The Fund’s close
HDFH has formally launched the Global Digital Bank Consortium Blockchain Investment Fund at the 2nd China International Import Expo (CIIE) in Shanghai.
Initiated by HDFH, Yillion Bank and Zhongguancun Private Equity & Venture Capital Association (ZVCA) in collaboration with domestic and international investors, the new fund will invest in digital banks and proven fintech infrastructure platforms worldwide, as well as integrate the capabilities of the three parties’ management teams to facilitate the upgrading of investment targets, ultimately maximising value in the capital markets.
“Based on the investors’ accumulation of experience in the fintech sector, the fund plans to invest in
European retail sector investor, Alteri Investors (Alteri) is to acquire Blue Group Hold Co (the Group), the owner of Bensons for Beds, Harveys Furniture and upholstery and bedding manufacturers Reylon, Steinhoff UK Beds and Formation Furniture, from Steinhoff International Holdings NV (Steinhoff). Harveys and Bensons for Beds, which have been owned by Steinhoff since 2005, trade from 269 stores. The Group, which also has four manufacturing sites, as well as five distribution centres in the UK, employs more than 2,700 people and has an annual turnover of over GBP500 million.
Alteri’s backing will enable management to drive continued improvement in the
Mid-market private equity firm, Equistone Partners Europe (Equistone) is to acquire Brussels-based, Amadys, a provider of passive network equipment solutions to utility segments in Belgium and its surrounding countries, from the existing management team and Vectis Private Equity.
The management team, led by CEO Hein Wilderjans, will continue to run the company following the acquisition and retain a sizeable minority share in the business. Financial terms of the transaction, which is expected to complete in early 2020, have not been disclosed and the acquisition remains subject to clearance from the relevant competition authorities.
Amadys, through its various operating companies, provides
Northzone is to closed its latest fund Northzone IX with capital commitments of around YSD500 million.
Oversubscribed fund attracted existing and new Limited Partners, and was raised at record speed, demonstrating strong global interest in the European early-stage venture capital market. The fund is one of the largest early stage venture capital funds raised in Europe this year.
Northzone IX will double down on investing in early-stage innovative consumer and enterprise companies across Europe and the US East Coast, focusing primarily on Series A and B rounds. Selective seed stage investments will continue to be a part of the investment
Guardian Capital Partners has invested in WS Acquisition, which operates two integrated divisions – Western Shelter Systems and CrewBoss.
Guardian has partnered with the Company’s executive management team, led by CEO Michael Scala and CFO Greg Lyons, who will continue to operate the Company moving forward.
Headquartered in Eugene, OR, Western Shelter (www.westernshelter.com) manufactures and distributes shelters and field support systems which include rigid and inflatable framed shelters in a variety of sizes and trim levels complete with accessories that cover climate control, power generation, water handling, and more. Since 1988, Western Shelter has been a primary supplier of emergency
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
