Managers
Alternative asset management firm Audax Group has held the final close of Audax Mezzanine Fund IV at its hard cap of USD1.2 billion of aggregate committed capital from a select group of institutional and high net worth limited partners.
Fund IV was oversubscribed and exceeded its fundraising target of USD1 billion.
Consistent with its predecessor mezzanine funds, Fund IV will continue Audax’ strategy of directly sourcing and investing in a diversified portfolio of junior debt securities, in addition to co-investments in equity securities, with a specific focus on direct lending to US middle market companies as part of private
IDG Capital Partners has held the final closing of IDG Capital Fund III with commitments totalling USD1 billion, in partnership with Breyer Capital, a Silicon Valley-based venture capital investor.
The new fund will focus on investing in next-generation opportunities in technology, media and telecommunications (TMT), healthcare, energy, and consumer products, both in China as well as in global companies looking to enter the Chinese market.
Since IDG Capital entered China in 1993 as the country's first technology venture capital and private equity investment firm, it has invested in many companies that went on to become leaders in their respective
CG Commercial Finance (CGCF) has sold all of the outstanding stock of the company to funds managed by Atalaya Capital Management.
CGCF says transaction represents an important milestone in the firm’s long-term growth strategy establishing the capital resources to exponentially grow its originations platform; increase its funding capacity; and expand its third-party buy desk, referral, and syndication program.
“As CGCF and Atalaya have worked closely in the past funding large ticket, complex transactions, we are excited to be able to complete this transaction and join forces with the team at Atalaya. With the capitalisation provided by Atalaya, in addition
Agilitas, a pan-European mid-market private equity firm, has sold its portfolio company Ionisos to Ardian, an independent private investment company, for an undisclosed consideration.
Agilitas invested in Ionisos, alongside management, in December 2014. During Agilitas’s ownership, Ionisos has boosted its sales and marketing efforts gaining strategic global European customers as well as growing sales to existing customers across a wider range of technologies and services.
Ionisos also invested in its sterilisation facilities, adding capacity and increasing efficiency, thereby improving the service rate to its wide customer base.
The management team has been strengthened by the addition of Laurent
Audax Private Equity has completed the sale of Winchester Electronics to Snow Phipps, a private equity firm based in New York, in conjunction with management and other investors.
Terms of the transaction have not been disclosed.
Headquartered in South Norwalk, Connecticut, Winchester is a provider of custom engineered interconnect solutions for high reliability applications in the military/aerospace, medical, semiconductor, oil and gas, and other diversified end markets.
Since Audax’ initial investment in 2006, Winchester has completed 13 acquisitions, diversifying the company’s customer and end-market exposure, shifting business mix toward higher growth and higher margin ruggedized applications, and broadening
Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its fifth fund raising EUR949 million (USD1.05 billion), including approximately EUR143 million (USD158 billion) of co-investment capital.
Greenhill & Co acted as the placement agent.
Patron Capital V exceeded its original target of EUR750 million (USD830 million), attracting investors from nine countries, with the majority of commitments coming from North America, followed by Europe, Asia Pacific and the Middle East. Investors included pension funds, sovereign wealth funds, endowments, foundations and asset managers.
Fund V will continue the same investment strategy as Patron’s previous funds, opportunistically targeting
A fund managed by BlackRock Real Assets has completed the acquisition of a 100 per cent interest in two operational wind projects in Ireland from GE Energy Financial Services.
The 17-megawatt Acres wind farm located in Donegal and the 34-megawatt Barranafaddock wind farm located in Waterford have been operational since mid-2015. The projects are supported by a 15-year power purchase agreement.
The projects benefit from GE technology with a long-term Operations & Maintenance (O&M) agreement in place.
“We are very pleased to invest in the Acres and Barranafaddock wind projects on behalf of our clients. This transaction represents
Sprott Asset Management, a USD10 billion Toronto-based alternative asset manager, has rolled out a second iteration of the firm’s private credit trust strategy, Sprott Private Credit Trust II, with hedge fund specialist Arif N Bhalwani.
Bhalwani is the chief executive officer and managing director of Third Eye Capital Management, a sub-adviser to Sprott Asset Management.
Sprott Private Credit Trust II focuses on identifying short-term opportunities primarily in North American companies that are otherwise unable to access financing.
The strategy of the fund is to invest in underlying funds that hold an actively managed portfolio of asset-based loans that will be focused on private and public companies, primarily in Canada and the US, that are otherwise unable to
Milbank, Tweed, Hadley & McCloy has advised Zuffa and its controlling owners on the sale of the Ultimate Fighting Championship (UFC), the professional mixed martial arts (MMA) organisation.
The acquisition was led by WME|IMG, Silver Lake Partners and KKR as new strategic investors, along with MSD Capital and MSD Partners.
Milbank corporate partners Ken Baronsky and Adam Moses led the Milbank team advising Zuffa and the selling owners.
Founded in 1993, and acquired by Zuffa in 2001, UFC has become one of the largest and fastest growing sports brands in the world, particularly among millennials. The organisation produces
Global law firm K&L Gates has advised on the establishment of the Elephant Club Consumer Debt Fund, managed by Capital Focus Asset Management.
The newly established fund invests in notes issued by Hong Kong-licensed money lender Elephant Club Limited, and represents Hong Kong’s first ever hybrid fund peer-lending platform.
The Elephant Club Consumer Debt Fund aims to raise up to HKD2 billion (USD258 million) in the medium term.
Michael Wong, the K&L Gates Hong Kong partner who led the deal, says: “We would like to congratulate Capital Focus and Elephant Club on successfully establishing Hong Kong’s first hybrid
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
