RKVST, an integrity, transparency and trust platform for digital supply chain operations, has raised $7.5 million in a Series A funding round led by Ridgeline, Acadia Woods, Cyber Mentor Fund and Long Run Capital. 

Union Capital Associates, a lower middle-market private investment firm, has closed its newest fund, Union Capital Equity Partners III, oversubscribed at its hard cap of $309 million. As with its predecessor, Fund III will invest in US founder-owned businesses where Union Capital is typically the first institutional investor. Union Capital has a long history of successfully partnering with business owners, entrepreneurs and management teams. The firm’s Managing Partners have worked together for more than 15 years and are supported by several of the firm’s former portfolio company CEOs, who provide operations expertise to assist management teams as well as provide

Lerer Hippeau, an early-stage venture capital based in New York City, has raised $230 million in new capital across two funds: LH Seed VIII, which focuses on pre-seed and seed-stage companies, and LH Select IV, which invests in companies from Series A to C.  With these new funds, Lerer Hippeau has also expanded the team with a series of promotions and new hires. Additionally, Managing Partner Ben Lerer has joined Lerer Hippeau in a full-time capacity. He co-founded the fund in 2010 with Kenneth Lerer, and until recently he was also founder and CEO of Group Nine Media. He sold

Glennmont Partners from Nuveen (Glennmont), one of the world’s largest fund managers investing in clean energy, has launched the Nuveen European Core Renewable Infrastructure (NECRI) strategy in partnership with MN. NECRI is an evergreen strategy that gives Glennmont and MN (on behalf of its client PMT) the mandate to invest in renewable projects on brownfield sites across continental Europe from Q4 in 2022. This includes the Netherlands, the UK, France, Spain, Italy, the Nordics, Germany and the other Benelux countries. MN, who have previously invested in Glennmont’s strategies, will invest €600 million on behalf of its client PMT in NECRI.

Clearlake Capital Group, an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, has completed fundraising for Clearlake Opportunities Partners III (COP III) with more than $2.5 billion in capital commitments.  COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners.   COP III will continue Clearlake’s flexible investment strategy of investing in non-control special situations investments, utilising the Firm’s sector-focused approach targeting investments in technology, industrial, and consumer businesses.   Limited partners in COP III include

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has raised $225 million for its early-stage Fund II, bringing assets under management to over $300 million. Avanta Ventures’ primary investment focus is insurtech, mobility, and risk-adjacent sectors such as fintech, cybersecurity, smart home, and applied artificial intelligence. Avanta Ventures invests $1 million-$10 million in early-stage companies at the Seed, Series A and Series B stages, with the ability to lead deals, while also reserving significant capital for follow-on investment to continue to support its portfolio. Avanta Ventures’ investment team brings 50-plus years of combined venture capital and entrepreneurial operating

Neuberger Berman, a private, independent, employee-owned investment manager, has held the final close of NB Secondary Opportunities Fund V LP (SOF V), the firm’s fifth global private equity secondary fund at $4.9 billion, surpassing its target of $3.0 billion. 

Mirova has raised €1.6 billion for the Mirova Energy Transition 5 (MET 5), its fifth energy transition infrastructure equity fund.    This historic fundraising round, which lasted 18 months, is testament to the hard work of Mirova’s teams, who have been active in the energy transition infrastructure sector for 20 years. The team launched their first fund of €46 million in 2002 alongside ADEME to kick-start the wind energy sector in France. It then raised two further funds of €94 million in 2008 and €354 million in 2014 to open up to new geographies and technologies. Finally, the fourth fund

Resurgens Technology Partners, a tech-focused private equity firm, has completed fundraising for Resurgens Technology Partners II (Fund II) with over $500 million in total capital commitments. Fund II was oversubscribed and reached its revised hard cap at close. The latest fund will be a continuation of the firm’s established investment strategy, which is primarily focused on majority investments in North American and select European lower middle-market application and IT infrastructure software businesses.  Resurgens invests in founder-owned businesses and carve-out transactions, as well as recapitalisations of investor-owned companies. Since its founding, the firm has invested in 11 tech-focused platform companies and

Digital Transformation Capital Partners (DTCP) has successfully completed the first closing of its Growth Equity III Fund (GE III) at $300 million. The Fund was launched in March 2022 and has raised capital from new and existing investors including Deutsche Telekom and SoftBank Group International, alongside other institutional, pension fund, corporate, and family office investors. DTCP plans to continue to raise significant capital for the Fund and aims to close fundraising in 2023. Following the proven proprietary data-driven investment strategy of DTCP, GE III invests in cloud-based enterprise software and business Software-as-a-Service (SaaS) companies in the fields of cybersecurity, web3, AI,