Latest News
Private equity outfit Sentinel Capital Partners has agreed to sell the HVAC division of NSI Industries to Lennox International in a cash deal worth approximately $550m, according to a report by Reuters.
SQ Capital, the investment firm launched by former Blackstone executive Mustafa Siddiqui, is backing K1 Investment Management’s single-asset continuation fund, designed to extend the duration of its investment into enterprise software provider TeamDynamix, according to a report by Bloomberg.
Harvard University’s endowment surged to $56.9bn in fiscal 2025, up nearly $4bn year-on-year, as robust gains from private equity and hedge fund allocations offset political headwinds and federal funding cuts, according to a report by Reuters.
Wellington Management, an investment management firm with over $1.3tn assets under management, has appointed Michael Trihy as Head of Portfolio Management, Venture Growth Evergreen, Private Investments. Trihy will lead the expansion of Wellington’s evergreen private investing capabilities for private wealth clients.
Unigestion Private Equity (Unigestion), a mid-market asset manager, has sold its stake in Tecvia, a European provider of digital content and software solutions for driver’s licence training and the education of commercial drivers, to Harris Computer.
Private equity investor LDC, part of Lloyds Banking Group, has invested in performance marketing agency Shoptimised. Founded in 2018, Tyneside-based Shoptimised’s SaaS platform is designed to help retailers increase online sales. It employs over 40 people and has more than 1,000 customers in the UK and Europe.
Apollo Global Management has appointed Eiji Ueda, former Chief Investment Officer of Japan’s Government Pension Investment Fund, as Partner and Head of its Asia-Pacific business, according to a report by Bloomberg. He resigned from the fund in March after five years as CIO.
Carlyle Group and Boyu Capital are the frontrunners to acquire a majority stake in Starbucks’ China business, as the US coffee chain seeks a local partner to navigate an increasingly competitive market, according to a report by the Financial Times.
Dan Sundheim’s D1 Capital Partners is seeking to raise over $1bn for its first dedicated private equity fund, marking a strategic expansion by the $24.5bn hedge fund firm into the traditional private markets arena, according to a report by Bloomberg.
Oakley Capital, a European mid-market private equity investor, has sold its stake in portfolio company atHome to Apax Partners. Following completion of the transaction, the firm’s fund will have delivered aggregate gross returns of 2.3x MM and c.23% IRR across its investments in Casa.it and atHome.
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