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The report,McKinsey & Company today published its Global Private Markets Review 2021 – A year of disruption in the private markets – maps out a tumultuous year for global private markets, as Covid-19 wrought havoc on fundraising and deal activity, but finds that private equity rebounded vigorously in the second half of 2020, as buyout fundraising nearly doubled in Q3 and Q4 relative to the first half of the year in North America, and more than tripled in Europe.
Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs, backed by GI Partners, has completed the acquisition of Instec.
Already a proven leader in providing core systems and analytics software to more than 300 P&C carriers, the addition of Instec to the Insurity family enables Insurity to further increase in-depth ISO-support to mid-size P&C carriers, enables it to expand into the USD40 billion program business, and broadens its offerings for MGAs. Instec is a market leader in providing cloud-based software and enterprise solutions to mid-size P&C carriers, MGAs, and specialty writers. Instec’s unique approach to insurance
A new report from eFront, the leading financial software and solutions provider dedicated to Alternative Investments, shows that private equity holding periods extended in 2020 to a record 5.4 years on average, at the same time as returns dipped.
The data also showed that investments held for longer periods tend to produce higher returns – though this was not the case in 2020.
Holding periods in private equity have increased significantly since 2010, rising from an average of 3.8 years to 5.4 years.
Returns generally rise as holding periods increase, with companies held for less than two years on average
Middle-market private investment firm Comvest Partners’ direct lending platform, Comvest Credit Partners, has held the final close of its latest flagship fund, Comvest Credit Partners V (CCP V), with over USD1.3 billion of equity commitments.
The fund has also secured credit facilities to increase its available capital.
To date, CCP V together with parallel funds and separately managed accounts, has provided credit to more than 35 new and existing portfolio companies.
Robert O’Sullivan, Managing Partner of Comvest Credit Partners, says: “We are pleased to mark the close of CCP V and are grateful for the strong support of both our
Endeavour Vision has closed Endeavour Medtech Growth II (EMG II) at USD375 million in capital commitments. The fund will pursue the same strategy as its predecessor: to support growth-stage medtech and digital health innovations that advance the standard of care and bring efficiencies to healthcare systems.
Venture capital and growth equity firm Endeavour Vision has a 20-year history of investing in growth-stage medtech and digital health companies in Europe and the US. Here Private Equity Wire asks Bernard Vogel, co-founder and managing partner, and Meret Gaugler (pictured, above-right, with Vogel), head of investment strategy, for their thoughts on the innovations and key drivers that are shaping the sector’s future.
European private equity deal activity value and volume increased to quarterly records spurred by increasing middle-market and micro-cap activity, respectively, according to PitchBook’s newly released Q1 2021 European Private Equity Breakdown report.
Deal value and volume both accelerated to quarterly records supported by increased middle-market activity (deals sized between EUR100 million and EUR500 million) and rising micro-cap transactions – deals sized under EUR25 million.
The report showed that 1,936 transactions closed in the first quarter for a total of EUR158.8 billion, which represents a year-on-year increase of 79.9 per cent and 28.5 per cent, respectively.
Revival in the leveraged
RM Funds, the Investment Manager of the listed specialist in social and environmental infrastructure, RM Secured Direct Lending (RMDL), has provided a bilateral GBP13 million senior secured three-year term loan facility to Athena Healthcare Group (AHG).
The financing will support AHG in funding the construction of an institutional-grade purpose built 205 bedrooms care village in Lytham, England. The aged care scheme is expected to reach completion and start trading by early Q2 2022. This is RM Funds’ second transaction with AHG, having previously completed on a GBP7.8 million construction facility in Q4 2020. RM Funds is focused on providing
Perception Point, a specialist email and collaboration security company, offering fast interception of content-based attacks as a service, has raised USD28 million in Series B funding, bringing the total funding to USD48 million.
The new funding round was led by Red Dot Capital Partners and joined by global investor NGP Capital along with existing investors Pitango Venture Capital and State of Mind Ventures (SOMV). Yoram Oron and Atad Peled from Red Dot Capital Partners, and Bo Ilsoe from NGP Capital will be joining the company’s board of directors. Funds from this round will be used to fuel rapid growth,
Novo Holdings has joined the USD80 million Series C financing in Halodoc, an Indonesia-based healthtech platform, which was led by PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra) and joined by existing and new investors including Temasek, Telkomsel’s TMI, Acrew Diversify Capital Fund, Bangkok Bank,UOB Venture Management, Singtel Innov8, BliBli, Allianz X, and Openspace Ventures.
This is the first investment by the Novo Holdings Asian life sciences team in Singapore following set up in 2020.
Founded in 2016, Halodoc is a digital healthcare platform that includes a mobile app and website allowing customers across Indonesia
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