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White Oak Global Advisors (WOGA) provided over $1 billion in loans across all platforms between 1 January and 30 June, 2022. The total dollar amount provided by the global alternative asset manager accounts for 45 separate transactions to middle and small middle market businesses across a wide array of industries.
The first half of 2022 saw traditional bank lenders increasingly distancing themselves from credit risk in a rising rate environment and closing their doors to prospective borrowers.
White Oak has died to stand out as a non-bank lender by offering highly tailored and flexible solutions underwritten by experts in borrowers’ respective industries.
VRGL, a provider of institutional-grade analytics and automated data extraction to the wealth management industry, has raised $15 million in a Series A round led by MissionOG and FINTOP Capital. Founding investors Sallyport Investments and Checchi Capital also participated.
The round also included investments from other venture firms and strategic partners including Dynasty Financial Partners, Northwestern Mutual Future Ventures, Flyover Capital, Fin Capital, and The Compound Capital.
VRGL is led by co-founders Josh Smith, CEO, and Josh Zimmerman, COO, both of whom have a proven track record developing multi-asset class analytics and SaaS-based platforms. Smith was the co-founder and CEO
Justhome, a next generation home financing startup, has raised €3.3 million in a pre-seed funding round led by Target Global.
APX, the Berlin-based early-stage fund backed by Europe’s leading digital publisher Axel Springer and Porsche also participated in the round, alongside a number of industry-leading angel investors.
Launched this year to simplify what can be a confusing and intimidating homebuying process, Justhome is building a digital service to help more people afford a home against a challenging economic backdrop.
The funding will be used to further build out Justhome’s digital home financing platform and develop its own financing
Stafford Capital Partners (Stafford) has held the final close of Stafford Infrastructure Secondaries Fund IV (SISF IV) with the €731 million in commitments from 33 investors across 13 countries, making it the firm’s largest fund to date.
Alongside these commitments, Stafford raised an additional £100 milion managed account for geographically focussed infrastructure secondary transactions.
With 13 closed transactions and a further three in exclusivity, Stafford expects to have committed 75% of capital commitments to the fund in Q4 2022. Following the closing of this fund, Stafford now has $1.7 billion in infrastructure assets under management.
SISF IV is
Madrona Venture Group has added Karan Mehandru to the firm’s investment team as a managing director. With fifteen years of experience as a venture investor and board member for rapidly scaling private businesses, Mehandru brings a wealth of experience working closely with founders, their teams, and partners to build lasting and exceptional companies.
Mehandru will be based in Silicon Valley, opening a Madrona office in Palo Alto to expand the firm’s Bay Area network and team while bringing a deep understanding of Seattle innovation closer to that market.
Immediately prior to Madrona, Mehandru led the venture capital practice at STEADFAST
Kain Capital, a private equity firm focused on the technology enablement of healthcare services companies, has completed a growth equity investment in MY DR NOW, a provider of primary and specialty care with locations in Arizona.
Financial terms of the investment, which marks the first time MY DR NOW has received external capital, have to been disclosed. Kain Capital is the sole investor.
MY DR NOW serves the greater Phoenix market with over 80 providers at 13 locations. Founded by Dr Payam Zamani while in residency, MY DR NOW is a fully comprehensive, value-based, integrated primary and specialty care platform
Genesis Private Equity Fund IV (GPEF IV), the newest private equity fund of Genesis Capital, and Evolving Europe Principal Investments I (EEPI I), a private equity and growth capital fund advised by Integral Venture Partners, have partnered to acquire 100% of BORCAD cz, a producer of train seats and interior equipment for passenger trains based in Fryčovice, Czech Republic.
BORCAD was founded in 1990 as a design and development studio by Ivan Boruta. Now it is a leading European producer of railway technologies offering a full range of seats for personal carriages, ranging from standard seats for regional trains to
Claret Capital, a London-based Pan-European growth capital provider, has held the final closing of Claret European Growth Capital Fund III, with total commitments of €297 million.
Building Industry Partners (BIP), a private equity investment firm focused on the US building industry, has appointed Steve Shaffer as an operating partner.
Shaffer will help support BIP and Endeavor Fire Protection (Endeavor), BIP’s new fire and life safety platform. Shaffer brings nearly four decades of fire protection industry experience. He joins BIP and Endeavor from Impact Fire Services (currently operating as AI Fire Protection), the company he founded and served as President and Chairman.
Shaffer led Impact Fire Services from start-up in 2009 to $70 million in revenue in 2017.
A Certified Public Accountant, Shaffer holds a Master in
With the IPO market grinding to a veritable halt in 2022, GPs are looking for other exit routes in the second half of the year, with private M&A channels taking the lead.
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