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Kin Insurance, a direct-to-consumer home insurance company, has held the first close of its Series D round at USD82 million, with additional commitments for a second close totalling USD18 million.
The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC.
Kin had raised USD133 million in equity funding prior to this round, which comes on the
Prospect Hill Growth Partners (PHGP), in partnership with Jamie Weeks, has formed Legacy Franchise Concepts (LFC), a multi-brand platform focused on high-growth, multi-site consumer services concepts.
The new company will leverage best practices in culture, marketing, finance and development to strengthen its world-class consumer brands and accelerate growth.
LFC owns and operates the global rights to SweatHouz, an innovative relaxation, wellness and recovery concept, and is now the largest area developer for Dogtopia, a leading dog daycare brand with more than 185 daycares nationally.
In conjunction with the transaction, LFC also acquired 60 Dogtopia licenses in California, Florida, Nevada, Ohio,
Pictet has added to its private equity offering with a new vintage of the successful Monte Rosa Co-Investment franchise.
With a long history investing in private equity dating back to 1989, Pictet has committed capital to over 200 co-investments to date.
This new strategy is for professional investors seeking to generate long-term capital appreciation. The strategy will target circa 30 co-investments globally alongside well-known General Partners (GPs), providing clients the opportunity to invest in buy-out, growth and venture capital opportunities.
Robert Smith Communications Group (RSC) has launched a new fund private equity fund, Platinum Fund, the first since the company appointed two management executives with experience raising capital and going public to their advisory board.
RSC is a premier marketing and business growth consultancy founded in 2002. It will target select investments of USD1 million to USD10 million in companies in North America through its Z Platinum Fund.
Fund manager and entrepreneur Robert Smith has over 20 years experience in industries including B2B, marketing, real estate, financial services, tech, and manufacturing.
Piper Sandler Companies has held the final closing of the Piper Heartland Healthcare Crossover Fund USD, with over USD200 million in committed capital.
The Fund has already made seven investments deploying approximately USD40 million in capital.
The Fund is the first investment vehicle for Piper Heartland Healthcare Capital (Piper Heartland Healthcare), a dedicated healthcare investment platform within Piper Sandler, and will leverage the firm’s leading healthcare investment banking, capital markets and equity research capabilities. The Fund attracted premier investors from across the globe, including institutional investment firms, strategic investors, endowments and family offices.
Building on the industry knowledge and capital
HarbourVest Partners, a global private markets asset manager, has made a raft of promotions including six new Managing Directors, eight new Principals, and five Senior Vice Presidents.
These promotions recognise team members whose expertise contributes to the success of HarbourVest and its clients across the Americas, Europe, and Asia Pacific.
In addition to the Managing Directors, Principals and Senior Vice Presidents, this round of promotions also includes 26 Vice Presidents.
Managing directors: Dan Buffery, Gonçalo Faria Ferreira, Aliza Firestone Goren, Richard Hickman, Fran Peters, and Alex Wolf.
Principals: Aiko Adachi, Nicholas Bellisario, Melissa Cahill, Todd DeAngelo, Kyle Dowd, William Hasten,
EQT is to launch EQT Active Core Infrastructure, a longer-hold fund with a focus on downside protection, which applies EQT’s active ownership playbook to core infrastructure companies.
The fund will target companies that provide essential services to society and offer a distinct and attractive risk-return proposition based on stable cash yield generation, inflation protection, low volatility, and pursuit of longer-term value creation opportunities, while actively contributing to the Fund’s sustainability objectives. It will have an ownership horizon of 15 to 25 years.
The Fund has a target size of EUR5 billion and will leverage the expertise and deal sourcing
Detected, a specialist in global KYB compliance, has raised an additional GBP1.5 million in just three weeks, adding to GBP2 million seeded in previous funding rounds.
The funding round was led by Love Ventures with their FinTech Advisor John Lunn, a renowned veteran of the FinTech world. In 2006 Lunn joined PayPal as one of the original team members in the UK and subsequently helped to launch PayPal Ventures. He is now CEO of Gr4vy, the cloud orchestration platform, and will play an advisory role to assist with the company’s growth.
Since being founded in July 2020, Detected has
Goldman Sachs Asset Management (Goldman Sachs) has launched a new investment capability focused on investment grade private placement debt for the firm’s insurance, pension and sovereign wealth clients.
The Debt Private Placement Investors (DPPI) platform will originate and manage 4(a)(2) and select 144a Private Placement (PP) investments. The launch adds an important investment offering to the firm’s asset management platform. Goldman Sachs Asset Management manages over USD400 billion in insurance assets for over 200 clients across a broad spectrum of asset classes.
The team will be led by Jessica Maizel, who joined Goldman Sachs in 2021, bringing over 18
E78 Partners, a provider of finance- and accounting-related solutions to the private capital industry, has acquired Cadilus Inc, a Richmond, Virginia-based company offering consulting, managed services and technology in the area of financial planning and analysis (FP&A).
The acquisition is the first following an investment in E78 in December by funds advised by Further Global Capital Management, a private equity firm focused on financial services businesses.
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