PE Tech Report

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Texas-based software-as-a-service company Thryv Holdings is looking for $350m in funding to refinance syndicated debt due to mature in December 2026, having already held discussions with private credit lenders, according to a report by Bloomberg. 
Federated Hermes Private Equity has invested in Spanish private equity firm Miura Partners’ €200m Dent&Co fund, co-leading the transaction alongside other leading secondary institutional investors, including both existing and new LPs.
New York-based private equity firm Clarion Capital Partners has closed its fourth fund, Clarion Investors IV, with $677m in total capital commitments, exceeding its fundraising target of $600m and a $650m soft cap. 
New York-based PE firm SK Capital Partners, which invests across the specialty materials, ingredients and life sciences industries, has closed SK Capital Partners VI (Fund VI), the latest vintage of its flagship private investment strategy, with $2.95bn in total capital commitments. 
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US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pension funds and endowments leading the charge, according to a report by the Financial Times. 
Global index provider Solactive has partnered with private equity data provider CEPRES to introduce the Solactive CEPRES US Private Equity Replicator Index.
Brera Partners, a private equity firm specialising in investments in the asset light financial services sector, has acquired 70% of the shares in Italian insurance broker GBSAPRI Group. Financial details of the transaction have not been disclosed.
International law firm McDermott Will & Emery has appointed Fatema Orjela as a Partner in the firm’s transactions practice group in London. Orjela’s practice focuses on private equity transactions and related advisory matters.
Apex Group has become the first transfer agent and fund service provider to administer regulated securities, using blockchain as the book of record, enabling private market funds to access a more diverse and significantly larger pool of qualified investors.
Alternative asset manager Blue Owl Capital is to acquire Kuvare Insurance Services, a boutique investment management firm focused on providing asset management services to the insurance industry, in addition to Kuvare UK Holdings, for $750m.

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