Operations-focused private equity firm Industrial Opportunity Partners (IOP), has closed its fourth fund, Industrial Opportunity Partners IV (Fund IV), with $650 million of committed capital.  IOP achieved its hard cap for Fund IV, exceeding Fund IV’s original target of $600 million. Investors include university endowments, insurance companies, pension plans, and funds-of-funds. Founded in 2005, IOP focuses on acquiring and overseeing middle-market manufacturing and value-added distribution businesses with revenues typically between $50 million and $500 million. IOP primarily targets North American businesses with strong product, customer, and market positions that can benefit from the operating capabilities provided by IOP. IOP is

Neuberger Berman, a private, independent, employee-owned investment manager is expanding its private loan offering with the launch of the Neuberger Berman European Private Loans Fund II. 

Theta Capital Management (Theta Capital), an Amsterdam-based fund manager with a focus on blockchain venture capital, has raised a total of $500 million in 2021 to invest in crypto-native venture capital funds. The investment is through its Theta Blockchain Ventures fund-of-funds programme. Theta Blockchain Ventures seeks diverse exposure to the most promising Web 3.0 projects globally at their earliest private round valuations, with a focus on the core infrastructure of this new technological paradigm. To capitalise on the opportunities presented by the current market volatility, the firm is expanding the strategy with its third fund dedicated to the space, Theta

Horizon Capital has raised $250 million at the first close of its Ukraine-focused Horizon Capital Growth Fund IV – 50% of its $250 million target. The fund’s first closing, which is a record high for Horizon Capital, was held in person this morning. President of Ukraine Volodymyr Zelenskyy virtually attended, and gave a welcome address, at the fund’s signing ceremony, which took place in London. The Fund is backed by the European Bank for Reconstruction and Development; the International Finance Corporation; Deutsche Investitions und Entwicklungsgesellschaft, and a subsidiary of KfW Group; the Dutch Entrepreneurial Development Bank; the Swiss Investment Fund

Clayton, Dubilier & Rice has held the initial closing of its latest private equity fund with around $10 billion in capital commitments, according to a report by Private Equity News.

Carey Olsen and Langham Hall have advised venture capital firm Telstra Ventures on the successful launch and final close of Telstra Ventures Fund III (the fund) with $350 million in capital commitments. The fund aims to expand Telstra Ventures’ diversified portfolio of technology focused companies, offering entrepreneurs access to revenue growth and accelerated global reach. The Carey Olsen team advising on the Guernsey legal and regulatory aspects of the Fund’s establishment comprised partner David Crosland and counsel Andrew Tually.  Langham Hall has been working with the Telstra Ventures team since their spin out in 2018 and provides fund administration services

TA Associates (TA), a global growth private equity firm, has completed fundraising for TA Debt Fund V with total commitments of more than $1.1 billion. 

Starburst Ventures, a first venture capital firm dedicated to investing across aviation, space, and defence, has launched a new early-stage fund.  Focusing on aerospace, defence, and security, as well as enabling sciences and technologies, Starburst Ventures is investing in the next generation of industrial, software and hardware companies. The fund’s team will be led by Starburst Ventures’ Founder and General Partner, François Chopardand investor Benjamin Zeitoun. Together they hold a significant track record of securing investment and building startups from the early stage to IPO.  Joining them in an advisory capacity is Jacqueline Tame, startup founder and former Deputy Director

Alantra and Enagás, through its affiliate Enagás Emprende, have held the final close of their oversubscribed Energy Transition Fund, Klima Energy Transition Fund (Klima), with €210 million in commitments, above the fund’s initial target of €150 million.  The European Investment Fund, which is a part of the European Investment Bank Group, committed €30 million. Other commitments to the Fund include institutional investors, energy-related companies, public and European institutions, and family offices.  Alantra and its shareholders, Enagás, and the investment team have made a significant joint commitment of approximately €50 million to the fund. Klima takes minority stakes in companies with