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Juspay, a developer of payment infrastructure for enterprises and banks, has secured $50m in a Series D follow-on round, from WestBridge Capital. The transaction is a mix of primary and secondary investments, that values Juspay at $1.2bn.
YFM Equity Partners has completed the exit of its investment in Vuealta following the sale of the business to Keyrus, a global data and digital consulting group. Vuealta is a specialist provider of connected business planning and digital transformation solutions, supporting organisations to improve forecasting, decision-making and operational performance across complex business environments.
Private credit managers are rolling out new fund structures aimed at accessing US retirement savings, as firms prepare for potential regulatory changes that could allow private assets to be included in 401(k) plans, according to a report by Bloomberg.
British Columbia Investment Management has appointed Jon Salon as global head of private equity, based in New York. He succeeds Jim Pittman, who will leave the organisation at the end of the month, according to a report by Bloomberg.
San Francisco-based venture secondaries firm Pinegrove Opportunity Partners has closed its debut fund at $2.2bn, marking a major milestone in the fast-growing niche of the venture capital market, according to a report by Bloomberg.
Struggling US low-cost carrier Spirit Airlines is in discussions with alternative investment firm Castlelake over a potential takeover as it seeks a path out of bankruptcy, according to a report by CNBC.
Buyout firm Hg is in discussions with private credit lenders over a loan of around $3bn to help finance its agreed acquisition of OneStream, according to a report by Bloomberg citing people familiar with the matter.
PGIM has expanded into private credit secondaries, with plans to deploy up to $1bn over the next two years into the emerging asset class. The new platform targets a market where deal volume is expected to exceed $50bn within the next two to three years.
FountainVest Partners Chief Executive Frank Tang has urged European companies to look to Asia to sustain growth, as economic and structural pressures intensify across Europe, according to a report by Bloomberg.
Crescent Capital Group has raised $3.2bn for a continuation vehicle, marking the largest fundraise to date for a strategy focused on private credit secondaries, according to a report by Bloomberg. The fund will allow the manager to hold selected credit assets for longer amid a slower dealmaking environment.
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