Latest News
In this week’s newsletter, we feature updates on the latest fund closes, starting with RA Capital Management, who have raised just over USD300 million for their inaugural VC Fund, the RA Capital Nexus Fund. This will enable RA Capital to take larger positions in high-conviction investments with their limited partners.
Incline Equity Partners have also closed with over USD300 million in committed capital for their fifth fund: the Incline Elevate Fund. The strategy will seek out and execute investments exclusively in the lower middle market, where Incline has a strong track record of success.
Elsewhere, we report that Preqin has
Pappas Capital, an investor in early-stage life sciences companies, has promoted Kyle Rasbach, PhD, PharmD to a Managing Partner of Pappas Ventures, the firm’s venture capital business.
In his new role, Dr Rasbach will help to oversee Pappas Ventures and lead fundraising and investment efforts for its future venture funds. Pappas Capital also announced that Matthew Boyer has been named Chief Financial Officer, succeeding Ford Worthy who will continue with the firm as a Partner and Senior Advisor.
“Kyle’s extensive healthcare equity investment and operating experience, coupled with his proven leadership skills, make him the ideal executive to help
BGF has expanded its London team with the appointment of Rowan Bird as an investor. Bird joins from the M&A team at Lazard where he spent three years working as an Investment Banking analyst, specialising in basic industries and the natural resources sector.
Bird’s role at BGF will involve all aspects of the investment process from building relationships with business owners, supporting opportunities through BGF’s investment process and actively working alongside a number of portfolio companies post completion.
BGF has invested more than GBP370 million across 54 businesses based in London since it was set up in 2011. Recent investments include
100 Thieves has completed a USD35 million Series B funding round led by Artist Capital Management, a New York-based growth investment firm whose Chief Investment Officer, Josh Dienstag, is to join 100 Thieves’ Board of Directors.
The Series B also includes a new investment from Aglaé Ventures, the technology investment firm of Groupe Arnault, controlling shareholder of Louis Vuitton Moet Hennessy (LVMH).
“This past year has been a massive success for 100 Thieves. Our esports teams are winning championships, our apparel is selling out, and our podcasts have topped the charts,” said Matthew “Nadeshot” Haag, Founder & CEO of
European mid-market private equity investor Equistone Partners Europe (Equistone) is to acquire Moody’s Analytics Knowledge Services (Knowledge Services), a provider of bespoke research, analytics and automation technology to the financial services sector, from Moody’s Corporation.
Established in 2014 through the merger of the Moody’s subsidiaries Copal Partners and Amba Research, Knowledge Services provides various market-leading customised knowledge services, in domains such as investment banking, investment research, private equity & consulting and commercial lending. The business, headquartered in London and operating across nine delivery centres worldwide, employs a specialist workforce of subject matter experts working as an extension of clients’ teams.
WILsquare Capital, a lower-middle market private equity firm, has held a final close on WILsquare Capital Partners Fund II, at USD190 million. The fund’s USD150 million target was significantly oversubscribed within three months of fundraising.
Managing Partner Bill Willhite says: “We are pleased with the quick response received from investors, which we believe is indicative of the quality investments and strategies deployed since we began WILsquare Capital. Fund II received significant support from existing Fund I investors and includes a substantial number of new relationships. Our investor base is reflective of the broader market, including endowments, foundations, fund of funds,
RA Capital Management (RA Capital) has held the first and final closing of its inaugural venture fund, RA Capital Nexus Fund (Nexus), at just over USD300 million, boosting RA Capital’s private deal capacity to nearly USD1 billion and total assets under management to approximately USD2.5 billion.
Nexus is expected to participate in substantially all investments in private companies made by RA Capital alongside its main, longstanding fund, RA Capital Healthcare Fund.
“We are grateful for the continued support of our existing limited partners and welcome new LPs who share our optimism that there is so much more good that biotechnology
Gen II Fund Services is to acquire Quilvest Luxembourg Services (QLS) from Quilvest Private Equity with Quilvest remaining a client of Gen II.
QLS is a Quilvest affiliate based in Luxembourg providing Private Equity/Real Estate administration services and supporting over USD5 billion of assets. The transaction is subject to regulatory approval. Upon closing QLS will change its name to Gen II Luxembourg Services.
“We are extremely fortunate to be aligning with Quilvest Private Equity (Quilvest). Quilvest has approximately 125 professionals (of which 55 work at QLS) focused on providing private equity and real estate investment programs to investors worldwide. The
Preqin’s private equity data will now be available via FactSet, a provider of integrated financial information and analytical applications. Subscribers will be able to access the data via the FactSet workstation, allowing users to integrate private market data into their workflows.
Clients will be able to see an integrated live feed of Preqin data on private equity fund managers, investors and performance alongside FactSet’s own datasets. This will enable users to conduct in-depth analysis of private equity performance, powered by both Preqin and FactSet data, all in one platform.
Preqin’s Global Head of Partnerships, Ayo Akindele, says: “We are very
Property agency Linley & Simpson has acquired the residential lettings and sales business of another leading independent agency in Yorkshire, Morgans.
The acquisition – completed for an undisclosed sum – is the eighth to take place since Linley & Simpson secured the backing of LDC, the UK’s leading mid-market private equity investor, in June 2018 to accelerate its growth plans.
The link-up adds more than 1,450 homes to the lettings portfolio of the agency – founded by Will Linley and Nick Simpson. It now stands at 8,000 properties across its 16 branches in North and West Yorkshire
It also brings together
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
