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Singapore-based private equity manager Azalea Investment Management (Azalea) has launched the Altrium Sustainability Fund I (ASF I).
The fund will invest in environmental, social and governance (ESG) focused opportunities to achieve positive environmental and social outcomes alongside private equity financial returns.
ASF I is a PE fund-of-funds product that enables institutional and other accredited investors to build an ESG-focused investment portfolio. The fund is co-seeded by sponsor, the Azalea Group, together with homegrown financial services company Singlife with Aviva. Each party has committed USD50 million to kick off the fund.
ASF I will back funds which invest in
TransFICC, a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed a USD17 million Series A extension led by AlbionVC.
All existing institutional shareholders also took part in this investment round, which follows the original Series A of USD7.8 million, announced in April 2020.
TransFICC’s investors are AlbionVC, Citi, HSBC, Illuminate Financial, ING Ventures, and Main Incubator (the Early Stage CVC unit of Commerzbank Group).
The new investment will primarily be used to expand TransFICC’s Engineering teams, to support additional venue connectivity and automated workflows in US Rates and Credit markets, including US
The Illinois Municipal Retirement Fund has committed USD75 million to Valor Equity Partners’ latest fund, according to a report by The Wall Street Journal.
The Chicago-based growth equity investor has set a maximum target of USD2.75 billion for the new flagship fund, having begun raising capital towards the end of 2021.
Valor’s predecessor fund, Fund V, closed at USD1.7 billion back in April 2021.
KKR, backed by the International Finance Corporation IFC) and Pavilion Capital, has led a USD77.5 million Series C round in Gtowsari, a Philippines-based B2B e-commerce platform.
This latest round, which saw KKR invest USD45 million, brings Growsari’s total funding to USD110 million. The company’s existing investors include Robinson Retail Holdings, JG Digital Equity Ventures, and Wavemaker Partners.
The new funding will be used to finance the expansion of Growsari’s footprint in the Philippines.
Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, has appointed Lauren Dillard as Chief Financial Officer and Senior Managing Director, effective 11 April.
She will succeed John Warnken-Brill, who is retiring from the role after over 15 years and will partner with Dillard to ensure a seamless transition.
Dillard brings over two decades of experience across financial services and technology to Vista. She most recently served as the Executive Vice President of Investment Intelligence for Nasdaq, where she was responsible for leading the strategic direction of the fast-growing division, driving expansion
Cloaked, a consumer-first privacy company that enables individuals to safely share personal data with people or companies based on their level of comfort, has secured USD25 million in Series A funding round.
The round was co-led by Lux Capital and Human Capital.
Founded by two brothers, Arjun and Abhijay Bhatnagar, Cloaked is changing the way people use their data and setting rules for how that information can be used – without changing every day behaviour.
Next Coast Ventures has closed USD310 million in venture capital across three different funds.
With a focus on entrepreneurs on the “Next Coast” of innovation, Austin-based Next Coast has now raised more than USD500 million in just six years.
Next Coast boasts a strong investment team with years of hands-on operational experience. Every investing partner has been an operator at some point in their career and can support different aspects of the company-building journey from their own unique perspective. The firm also provides founders access to the Next Coast Ventures Expert Network, a collection of more than 150 top executives
Sagewind Capital (Sagewind), a New York-based private equity firm, has joined Private Equity for Greater Good, a recently launched initiative to promote equity ownership for the employees of private equity-backed companies.
Sagewind joins InTandem Capital Partners, as a founding member of the programme.
Private Equity for Greater Good is a commitment to addressing the very serious societal problem of income and wealth inequality by sharing equity gains derived from portfolio company investments with employees beyond just the management team. Further, Sagewind believes it can lead to enhanced operating and financial performance by better motivating employees to help drive the growth
MidOcean Partners (MidOcean), a premier New York-based alternative asset manager specialising in alternative credit investments and middle-market private equity, has appointed Joseph Rotondo, Senior Portfolio Manager for Invesco’s Global Senior Loan group, s Senior Portfolio Manager for MidOcean Credit’s Collateralised Loan Obligation (CLO) business.
Rotondo will be responsible for portfolio management of the firm’s existing CLOs as well as new transactions MidOcean expects to issue as it continues to build out its CLO platform. He will also serve as a member of the firm’s Investment Committee. Based in New York, Rotondo will report to Dana Carey, Chief Investment Officer of
New research from Bain Company has revealed that private equity deal value hit a record USD1.1 trillion in 2021, according to a report by Private Equity Insights.
The total for the year was twice that seen in 2020 (USD577 billion) edand far exceed the previous record high of USD804bn seen back in 2006.
The number of USD1 billion-plus ‘mega’ deals was around twice as the previous year while tech companies accounted for roughly one-third of all activity.
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