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Nuveen, a global investment manager with over $1 trillion in assets under management, has appointed Nick Simon as Managing Director in its Private Credit Specialist team. Simon joined the firm in August.
Simon brings to the role just under 20 years’ experience in institutional sales and investor relations. Having worked across Europe and the Middle East, focused primarily on private credit, direct lending and structured credit. He holds business development experience across alternative markets including private debt, private equity, real estate and infrastructure. Simon joins Nuveen from Cross Ocean Partners, where he most recently worked as Head of EMEA Marketing.
MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired HLC, a distributor of bicycle parts and accessories.
HLC’s President, Pat McGinnis, will continue to oversee day-to-day operations and its distribution centres across North America.
Headquartered in Lévis, Quebec and Lexington, South Carolina, HLC honours the rich heritage of both the Hawley and Lambert families. The company, which was founded over 75 years ago, is considered a critical distribution partner to well established and start-up brands, providing unparalleled post-sales service. HLC distributes more than 170 leading
Lerer Hippeau, an early-stage venture capital based in New York City, has raised $230 million in new capital across two funds: LH Seed VIII, which focuses on pre-seed and seed-stage companies, and LH Select IV, which invests in companies from Series A to C.
With these new funds, Lerer Hippeau has also expanded the team with a series of promotions and new hires.
Additionally, Managing Partner Ben Lerer has joined Lerer Hippeau in a full-time capacity. He co-founded the fund in 2010 with Kenneth Lerer, and until recently he was also founder and CEO of Group Nine Media. He sold
The Any Hour Group, a provider of home services in the Mountain West region, has partnered with four additional leading home services businesses – Grapids Heating & Cooling (Grapids), Precision Plumbing, Heating, Cooling & Electrical (Precision), Chandler Air (Chandler), and All Hours Air (All Hours) – to further expand its operations in the Mountain West region and in new markets.
Financial terms of the transactions have not been disclosed.
Founded in 1961, Any Hour offers homeowners peace of mind through a full suite of high-quality HVAC, plumbing, and electrical services. The Company has achieved a market-leading position through rapid
HarbourVest Partners has opened a new office in Sydney, Australia in response to increased demand in the region from institutional and private wealth clients in Australia and New Zealand for the firm’s investment solutions.
The office, which represents the global private markets investment firm’s first location in Australia and sixth in Asia Pacific, will be led by Warwick Mancini, who will be responsible for the business development activities and client relationships in the region.
This expansion increases the firm’s global footprint to 13 locations across the Americas, EMEA, and Asia Pacific. The Sydney office is fully integrated into the firm’s
Glennmont Partners from Nuveen (Glennmont), one of the world’s largest fund managers investing in clean energy, has launched the Nuveen European Core Renewable Infrastructure (NECRI) strategy in partnership with MN.
NECRI is an evergreen strategy that gives Glennmont and MN (on behalf of its client PMT) the mandate to invest in renewable projects on brownfield sites across continental Europe from Q4 in 2022. This includes the Netherlands, the UK, France, Spain, Italy, the Nordics, Germany and the other Benelux countries.
MN, who have previously invested in Glennmont’s strategies, will invest €600 million on behalf of its client PMT in NECRI.
Edison Partners, a growth equity firm, has promoted general partner, Kelly Ford, to become the first ever chief operating officer (COO) in its 36-year history.
In Ford’s new role, she oversees the firm’s operations, including the Edison Edge value creation platform, investment development, finance, portfolio operations and marketing. Her role is critical to the continued, consistent growth of Edison’s assets under management (AUM), Edison Edge capabilities and the Edison team.
In her more than eight years at Edison, Ford has worked with more than 55 portfolio companies, been involved in 15 financings, served as director at 11 companies, and
Cresset, a UK-based developer of drug discovery and design software, has secured a significant investment from Scottish Equity Partners (SEP), a technology focused growth equity firm.
With this investment, Cresset will accelerate its drive for exceptional talent to continue broadening the science platform. Additionally, the funding will be used to expand operations internationally, particularly in the US.
Cresset’s computational methods enable its customers to accelerate drug discovery workflows by predicting molecular interactions and enabling prioritisation of drug candidates. Its computer-aided drug discovery (CADD) solutions are used by research chemists globally, including in 8 of the top 10 pharma companies.
Cresset’s
Clearlake Capital Group, an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, has completed fundraising for Clearlake Opportunities Partners III (COP III) with more than $2.5 billion in capital commitments.
COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners.
COP III will continue Clearlake’s flexible investment strategy of investing in non-control special situations investments, utilising the Firm’s sector-focused approach targeting investments in technology, industrial, and consumer businesses.
Limited partners in COP III include
Avanta Ventures, the venture capital arm of CSAA Insurance Group, has raised $225 million for its early-stage Fund II, bringing assets under management to over $300 million.
Avanta Ventures’ primary investment focus is insurtech, mobility, and risk-adjacent sectors such as fintech, cybersecurity, smart home, and applied artificial intelligence. Avanta Ventures invests $1 million-$10 million in early-stage companies at the Seed, Series A and Series B stages, with the ability to lead deals, while also reserving significant capital for follow-on investment to continue to support its portfolio.
Avanta Ventures’ investment team brings 50-plus years of combined venture capital and entrepreneurial operating
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