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Venture capital investment firm TrueBridge Capital Partners has held the close of its second direct investment fund, TrueBridge Direct Fund II, with USD190 million in commitments, exceeding its fundraising target. TrueBridge has successfully closed seven funds to date, including its flagship funds-of-funds and inaugural direct fund, bringing the firm’s total assets under management to USD3.3 billion.
The fund received strong demand from investors worldwide and was oversubscribed, with commitments from both new and existing investors. The diverse array of investors includes foundations, endowments, pension plans, family offices, and high net worth individuals.
The new fund will target top-performing venture and growth
Aksia has completed the acquisition of TorreyCove Capital Partners. In January, the firms announced that they had entered into an agreement and expected the transaction to close in the first half of 2020. Financial terms have not been disclosed.With the integration, the combined firm now advises on over USD160 billion in alternative assets with more than 250 professionals globally, including over 160 professionals focused on investment research, operational due diligence, risk management and client operations. As a specialist alternatives research and investment advisory firm serving the needs of institutional investors, Aksia’s expertise now covers private equity, private credit, hedge funds
Private equity (PE) secondaries are increasingly being harnessed by sellers in Europe as an attractive option for actively managing exposure to PE and its various sub-sectors, according to Cerulli.For buyers—particularly investors new to PE—secondaries can be a highly efficient way to quickly create diversified exposure to different vintages, strategies, and managers, says research from Cerulli Associates.
One of the clear attractions of the secondary market, notes Justina Deveikyte, associate director, European institutional research at Cerulli, is that a buyer on both sides of the market might commit to a new fund and also purchase a limited partner position via a
Harbert European Growth Capital Fund II (HEGC) has funded UKCloud Limited (UKCloud) with debt capital. UKCloud’s platform supports hundreds of public services across government, healthcare and the wider public sector, many of which underpin critical services used by citizens, businesses and public sector workers (such as health professionals) nationwide. The debt will be used to help UKCloud continue on its expansion of its multi-cloud platforms and provide cash runway for organic growth.
UKCloud is an early pioneer of digital transformation within UK public sector where the market opportunity in this segment alone is north of £2 billion. UKCloud specialises in the
Aurelius Equity Opportunities has finalised its acquisition of Armstrong Ceiling Solutions, the Armstrong ceiling tiles and grids businesses, from Knauf International.
The Blackfinch Spring VCT has raised over GBP3.3 million to invest in a portfolio of technology and tech-enabled companies, since its launch in December.
SoftIron Ltd, a London-based developer of energy-efficient Ceph storage hardware and software for data centres, has secured USD34 million in new capital. The funding, led by company chairman Norman Fraser, supported by Earth Capital, the global investment firm, and various existing investors, will be deployed to expand its presence across North America, Europe and the APAC region. SoftIron will also use the injection of new capital to strengthen engineering initiatives to further build out its portfolio of data centre appliances based on open-source software.
Using open-source Ceph software, SoftIron makes task-specific appliances for scale-out data centre solutions, delivering industry-leading performance
CEPRES, a provider of portfolio forecasting for Private Markets, is advising clients to use 10 per cent VaR (Value at Risk) forecasts for 2020 and 2021 due to the COVID-19 outbreak. CEPRES projects outcomes for more than 100 Institutional investor portfolios around the world including pensions, insurers and endowments based on their “PE.Forecast” software. The technology runs 100,000s systematic and idiosyncratic Monte Carlo based scenarios to build distributions for future portfolio liquidity, NAV and returns.
By studying previous crash scenarios and comparing to the impact of the current crisis, CEPRES experts are now applying a 10 per cent VaR liquidity forecast
Council Capital, a healthcare-focused private equity firm based in Nashville, has invested in Physician Housecalls,. Terms of the transaction have not been disclosed.Physician Housecalls provides home-based primary care services at private residences, assisted living centers, and independent senior apartments. The company employs teams of physicians, nurse practitioners, and physician assistants who provide comprehensive, compassionate, and tailored medical care to homebound patients who are most often geriatric and/or chronically ill. In addition to primary care provided both in-person and virtual visits via telehealth, Physician Housecalls offers annual wellness visits, chronic care management, care plan oversight, transitional care management, cognitive assessments, and
Ancala Partners (Ancala), an independent infrastructure investment manager, has acquired a majority interest in UK care organisation Holmleigh Care Homes Limited (Holmleigh), on behalf of its European Infrastructure Fund II (Fund II). Ancala has partnered with Holmleigh’s founders Rod Correia (Managing Director), and Matt Western, (Commercial Director), (together, ‘Founder Managers’) who will continue to own a minority interest in, and oversee management of, the Company through this next phase of growth.
Holmleigh was founded in 2000 and provides essential residential care, supported living and domiciliary care services to adults with a varied range of disabilities and challenges, with specialist expertise
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