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Blue Water Energy has held the final closing of Blue Water Energy Fund II (BWE Fund II), with total commitments over USD1.1 billion, surpassing its target of USD1 billion after securing further commitments from a number of new limited partners.
Blue Water Energy, founded in 2011 by Jerker Johansson, Tom Sikorski and Graeme Sword, closed its inaugural Fund I in May 2013 with USD862 million of commitments and now has a portfolio of eleven companies in this fund. BWE Fund II’s investment strategy will be the same as BWE Fund I; a buy and build strategy focused exclusively on opportunities
The proportion of Limited Partners that make ‘direct’ investments (investments into private companies without the involvement of a private equity fund) has peaked, according to Coller Capital’s latest Global Private Equity Barometer.
Between 2006 and 2012, the share of LPs making direct investments almost doubled, but it has not changed materially since then, remaining at about a third of LPs. Co-investing, by contrast, has been increasingly popular, with the number of LP co-investors doubling over the last decade.
Another structural limit has become apparent in LP approaches to Chinese private equity. The proportion of investors committing to China-specific funds
Tikehau Capital is to sell its stake in the real-estate promoter Nafilyan & Partners in three stages to the Belgian property developer Immobel.
Tikehau Capital invested a total of approximately EUR8.9 million (including EUR7.7 million in bonds and EUR1.2 million in capital) in Nafilyan & Partners between July 2014 and May 2016 and currently owns a 15 per cent stake in the company before capital increase.
The sale is scheduled to take place in three stages. Following a capital increase by Nafilyan & Partners on 2nd December, Immobel now holds 15 per cent of the company. Immobel will acquire
The Alternative Investment Management Association (AIMA) and Bundesverband Alternative Investments (BAI) are to jointly engage with policymakers and regulators in the European Union and globally on issues of interest to their respective memberships.
Included in the agreement is work relating to the Alternative Credit Council (ACC), the AIMA affiliate body that represents asset management firms in the private credit and direct lending space.
The agreement builds on the increasingly close cooperation between the two associations. The BAI and AIMA, for example, held joint meetings with Brussels policymakers during the recent European Supervisory Authorities (ESA) Review.
The associations also
The days of thinking about single jurisdictions are long gone. When structuring a large private equity fund, for example, it is likely going to contain international investors (the US, Europe, Asia) and is, in effect, a commercial deal between all interested parties to draw down the money. The reality is, different investors have different preferences.
As James Bermingham (pictured), counsel at Ogier (Luxembourg) explains: “Sovereign wealth funds want the most efficient funds possible and are prepared to have no tax leakage. When you start talking to European investors, say German insurance groups who are subject to Solvency II, they want
Chinese business accelerator COMB+ and the Beijing Institute of Collaborative Innovation (BICI) have launched a new Artificial Intelligence Fund with a target size of EUR65 million. The fund will focus on international technology startups entering the Chinese market.
The fund is part of the COMB+ Sino Track accelerator program, which was launched a year ago. Already 19 Nordic startups have participated in the program, which is now expanding globally.
The pitching competition at the event included 10 finalists; the jury selected children’s franchise Dibidogs as the winner, opening a shortcut to the Sino Track program.
“We are very
Ascend Capital Partners has made an investment of over EUR24 million in four early stage Finnish technology companies. This investment round is part of Ascend’s major investment in European markets and follows its previous investing success in the auto sector in Luxembourg.
Ascend is in the midst of negotiating additional investments with Finnish and German technology companies which it plans to complete before the end of the year.
This investment round in high-tech companies in Finland focuses on the healthcare and automotive industries. In the healthcare sector, Ascend has invested in Grundium OY, a digital imaging technology company producing
EagleTree Capital (EagleTree), on behalf of its private equity fund EagleTree Partners IV, has acquired a majority stake in WaterFleet, a specialist in mobile water and wastewater treatment solutions, from several existing shareholders, including founders Alan R Pyle and Allison C Pyle.
As part of the transaction, the existing shareholders will retain a significant minority stake in WaterFleet, and the entire management team, including both founders, will continue to lead the Company. Co-investors, including Stars Investment Management Co., are also investing alongside EagleTree. Terms of the transaction were not disclosed
WaterFleet is an industry-leading, full-service provider of mobile water
Envisagenics, a biotechnology company that applies Artificial Intelligence to the genetic sequence of patients to discover new therapies, has raised USD2.35 million in a seed funding round.
The investors include Third Kind Venture Capital (3KVC), Cosine, LLC (NYC biotech investors), Dolby Family Ventures, Dynamk Capital, NY Empire State Development (ESD), and SV Angel.
Envisagenics’ proprietary discovery platform, SpliceCoreTM, can identify new ribonucleic acid (RNA) targets and design new drugs to correct RNA splicing errors in cancer and genetic diseases. Envisagenics launched their commercial product, SpliceCore, at Unboxing on 19 October, 2017, featuring pitches and demos from Peter Thiel’s Breakout Labs
Healthcare-focused Venture capital firm Flare Capital Partners has made an investment in VisitPay, the provider of a technology solution used by major US healthcare systems with total net patient revenue of USD30 billion.
Gary Gottlieb, an Executive Partner at Flare Capital and former CEO at Partners HealthCare, commented: “As the consumer share of payments skyrockets, VisitPay provides a uniquely patient and provider centred solution to engagement and billing.”
With origins in consumer finance, VisitPay equips hospital systems with powerful segmentation and analytics tools while empowering patient consumers with an easy to use solution for managing their healthcare bills. The
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