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LLR Partners, a lower middle market private equity firm, has held he final closing of LLR Equity Partners V at USD1.2 billion.
The fund builds on LLR’s 19-year history of investing in and partnering with lower middle market growth companies. LLR 5 began investing in 2017 and has closed investments in eight companies: 3SI Security Systems, eLocal, Eye Health America, MedBridge, Midigator, Onapsis, PhishLabs and Professional Capital Services.
“With our focus on select industries and our innovative approach to sourcing investments, we see compelling companies seeking a partner to help them grow their businesses to the next level,” says
A new guidance from the Principles for Responsible Investing (PRI) and the Environmental Resources Management (ERM) organisations examines and builds the business case for environmental, social and governance (ESG) monitoring, reporting and dialogue within the private equity sector.
The report states that the aim of the guidance is to support an exchange of information, underpinned by dialogue, that will keep LPs informed about the ESG characteristics of their private equity investments and the responsible investment practices of their investment managers.
The authors worked with over 60 organisations to arrive at its Principles, writing that as institutional investors, the industry has
Wealth Enhancement Group, an independent wealth management firm that oversees approximately USD8.4 billion in total client assets, has acquired Cimino Wealth Advisors, an independent financial advisory practice with USD494.5 million in client assets based in Clinton, Wisconsin.
The acquisition represents another significant step toward the long-term strategic goal Wealth Enhancement Group has of establishing itself as a top national wealth management and financial planning brand.
Jeff Dekko, Chief Executive Officer of Wealth Enhancement Group, says, “We have a strong track record of both organic and acquisition-driven growth and a proven ability to help advisors quickly scale their businesses by
UK private equity house Maven Capital Partners (Maven) has led a GBP2.7 million investment in intranet software specialists Orchidsoft Limited (Orchid).
A total of GBP2.2 million has been provided by Maven funds, which includes a GBP700,000 investment from the Finance Durham Fund, in addition to a GBP500,000 follow-on investment from existing backers Northstar Ventures, from the recently launched North East Fund supported by the European Regional Development Fund. The funding will enable the business to expand its sales and marketing efforts across the UK and US and to grow its team of 45 employees to over 100 by 2022. The
Mubadala Investment Company (Mubadala) of Abu Dhabi is to create a USD400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala.
SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact.
The announcement was made during London Tech Week, a week-long festival of technology and innovation focused on creating new innovative investment opportunities in the UK. The fund will work closely with early-stage UK and
Ironwood Capital has made a subordinated debt and minority equity investment in Bush Industries, which is headquartered in Jamestown, New York.
Funding was provided by Ironwood Mezzanine Fund IV LP and its affiliated funds. Bush Industries is a leading manufacturer and distributor of high quality, affordably priced “ready to assemble” and fully assembled commercial and home office furniture.
“Bush’s product offerings, manufacturing process and delivery capabilities appeal to both traditional and on-line retailers,” says Ironwood Capital president and chief investment officer Carolyn Galiette.
“Bush Industries has a strong competitive advantage given its breadth of product offerings and significant distribution
Blackstone has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia (BCP Asia), reaching its hard cap.
Together with commitments from Blackstone and its affiliates, BCP Asia has approximately USD2.3 billion of capital commitments. This, coupled with associated commitments from Blackstone’s global buyout fund, gives the firm a minimum of USD3.8 billion of equity to invest in Asia.
Joe Baratta, Blackstone’s Global Head of Private Equity, says: “We are thankful for our investors’ support and believe we are well-positioned to seize the ongoing opportunities in Asia. The region continues to experience strong growth
Alta Partners, a specialist in healthcare venture capital, has closed a new USD130 million fund – Alta Partners NextGen Fund I.
This is the ninth fund in Alta Partners’ history and it will focus on the development of novel biotherapeutics and technology-enabled healthcare services. With the new fund’s closing, Alta Partners is reestablishing its position in the healthcare venture industry. Peter Hudson, MD, and Bob More joined Dan Janney as new managing directors at Alta in 2016 to raise this new fund.
“For more than 20 years, Alta Partners has invested in leading healthcare companies driving innovation and improving
Agorai, an integrated marketplace for Artificial Intelligence (AI) tools and data assets, has committed to invest GBP20 million in the UK AI market.
The company says the investment will help accelerate the economic benefits that can be generated by leveraging the power of AI and its ability to transform society and positively impact the UK economy. The multi-year investment announced today will be distributed over the next five years. It will span the AI ecosystem by focusing on three key areas: education, empowerment, and entrepreneurship.
“This is a vote of confidence in the UK. AI has the potential to
Specialist insurance provider, CFC, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed to address the challenging risk environment faced by investment managers.
Combining its heritage in cyber and technology insurance with expertise in financial institutions, CFC’s IMI product knits together the traditional cover that investment managers require with comprehensive cover for emerging risks including cyber and kidnap and ransom, into a single policy.
Cover is provided for management liability, professional liability, crime, and regulatory investigations, and cyber coverage can be easily added on
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