Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has closed its equity recapitalisation of portfolios company Cologix, the largest private interconnection and hyperscale edge platform in North America. At USD3 billion in equity value, the transaction represents the largest single asset continuation vehicle raised in digital infrastructure to date. Cologix also completed a USD1.65 billion asset-backed securitisation earlier this year to support continued growth. The recapitalization was effectuated as a sale of Cologix by Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to Stonepeak-managed vehicles comprising a combination of existing Fund II investors who have chosen

Labster, a platform for virtual labs and interactive science, has raised USD47 million in a funding round led by Sofia Group and Pirate Impact. Existing investors Owl Ventures, Andreessen Horowitz, EduCapital, NPF Technologies, and GGV Capital, also participated in the round. They are joining the Series C round announced in 2021 led by Andreessen Horowitz. Additional investors included Balderton Capital, Northzone, Swisscom Ventures, and David Helgason, founder of Unity Technologies. This new capital infusion will enable Labster to further develop in Europe and the United States and to establish itself within Asia and Latin America.  Total investment in Labster now

Modulize, a collaborative software solution for offsite construction that optimises design, planning, and procurement, has raised a EUR1.9 million seed round led by KOMPAS. Pi Labs, Investinor, real estate developer Møller Eiendom, and Antler also participated in the round.  The funding will allow Modulize to develop its product and grow its existing organisation as it expands into different European markets.

Low Carbon Innovation Fund 2 (LCIF2) has invested in Adaptavate Limited as part of a capital raising round of over GBP1.3 million. Other investors include Counteract, One Planet Capital and Perivoli Innovations. The company has also secured a grant of over GBP800,000 from Innovate UK under its Transforming Foundation Industries programme. Adaptavate is developing Breathaboard, a low carbon, bio-based plasterboard whose sustainability credentials are superior to standard gypsum-based wallboards. The company also supplies Breathaplasta, a lime-based plaster that regulates moisture and improves insulation to deliver a healthier and more energy efficient environment.

Lightyear Capital (Lightyear), a New York-based private equity firm focused on financial services, has appointed Maria Veltre as a Senior Advisor to Lightyear Fund V and its parallel investment vehicles (Lightyear Fund V). Veltre brings more than three decades of experience working in marketing, customer experience, digital platform development, pricing strategy, and product development, as well as regulatory compliance. Veltre was appointed to the Board of Allworth Financial, a Lightyear Fund V portfolio company, in September 2021. Previously, she was the US Head of Digital and Innovation at Santander, a role she took on from 2018 to 2020.

LinkSquares, the company behind an AI-powered contract management platform, has raised USD100 million in a Series C financing lround ed by G Squared. New investor G2 Venture Partners as well as existing investors also participated in the round which brings the company’s total funding to USD161.5 million, at a current valuation of USD800 million. 

Franklin Resources, a global investment management organisation operating as Franklin Templeton, has completed its acquisition of Lexington Partners (Lexington), a global manager of secondary private equity and co-investment funds. With this closing, Franklin Templeton has significantly expanded the breadth and scale of its alternative asset strategies with over USD200 billion in aggregate alternative assets under management.  Franklin Templeton now includes specialist investment managers focused on private real estate through Clarion Partners, alternative credit through Benefit Street Partners, hedge fund strategies via K2 Advisors and secondary private equity and co-investments via Lexington.