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Lime Rock seeks $1.35 bln for fifth resources fund, renewables offering

Lime Rock Management is targeting a combined $1.35 billion for a fifth resources fund and a first-time renewable energy vehicle, according to a person with knowledge of the matter and a Form D fundraising document. Lime Rock Resources, a division of the private equity firm, set a $750 million goal for its fifth oil and […]

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OMERS recruits Medcan exec to advise on healthcare investing

OMERS hired James Aw to serve in the newly created position of chief medical officer, a person with knowledge of the matter told Buyouts. Aw, who officially joined the C$97 billion ($74 billion) pension fund this week, will work with in-house teams to support OMERS’ human resources, members services and investment objectives, the source said. […]

PE-backed KDC/ONE acquires Benchmark Cosmetic Laboratories

Knowlton Development Corp (KDC/ONE) has acquired Benchmark Cosmetic Laboratories Inc, an Irvine, California-based custom formulator for established and emerging beauty brands. No financial terms were disclosed. Based in Longueuil, Québec, KDC/ONE is a custom maker of beauty, health and personal care brands. Last year, the company was acquired by a consortium led by U.S. private equity firm Cornell Capital for more than $1 billion. The seller was Novacap.

Fintech app Mylo secures $10 mln in NAventures-led financing

Mylo, a Montréal-based automated savings and investment app, has secured $10 million in financing, bringing its total funding to $14 million. The latest round was led by NAventures, the venture capital arm of National Bank of Canada. It was joined by existing investors Desjardins Capital, Ferst Capital Partners and Tactico. Launched in 2015 by CEO Philip Barrar, Mylo will use the proceeds for product innovation, new hires, continued growth in Canada, and expansion internationally.

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Orangewood, led by ex-Carlyle exec Alan Goldfarb, raises initial $100 mln for Fund II

Orangewood Partners raised more than $100 million in the first close of its second long-term, mid-market fund, a person with knowledge of the matter told Buyouts. Launched in the summer, Orangewood Partners II last month raised initial commitments primarily from high-net-worth investors and institutions, the source said. Many of the investors were partners in prior […]

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Long-term investor Altas Partners closes Fund II at $3 bln hard cap

Altas Partners, a pioneer of long-life investing, has wrapped up its second fund at a hard cap of $3 billion, Buyouts has learned. Altas Partners Holdings II is triple the size of its predecessor, which secured $1 billion in 2016. Prior to Fund I, the Toronto-based private equity firm invested deal-by-deal by partnering with select […]

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CBRE Caledon taps Ontario Teachers’ Pickett to lead infra asset management

CBRE Caledon Capital Management recruited Darrin Pickett as vice president of asset management, Buyouts has learned. Pickett joined following a 23-year career, roughly half of it working with Ontario Teachers’ Pension Plan. He was most recently a senior principal in Ontario Teachers’ infrastructure and natural resources group, where he led the development and execution of a […]

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L Catterton’s fourth consumer growth fund raises bulk of $625 mln target

L Catterton secured nearly $446 million toward a $625 million target for its fourth consumer-focused growth equity fund, according to an SEC filing. L Catterton Growth Partners IV is poised to wrap up in early 2020, a person with knowledge of the matter told Buyouts. If this happens, the fund will be the largest raised under […]

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Energy Spectrum Partners nears $1 bln mark for eighth fund

Energy Spectrum Partners secured $950 million for its eighth midstream energy private equity fund, according to an SEC filing. The amount raised, which includes commitments from the general partner, puts Energy Spectrum Partners VIII within reach of its $1.3 billion target. If successful, the fund will be 6 percent larger than Fund VII, which closed in […]

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TPG’s Rise Fund II raises $1.7 bln despite loss of CEO McGlashan

TPG collected more than $1.7 billion for its second impact fund, according to an SEC filing, despite the departure this year of the vehicle’s CEO due to charges involving a college admissions scandal. In March, TPG fired Bill McGlashan after federal authorities charged him and other wealthy parents with using fraud to get their children […]

Luge Capital grows debut fintech fund to $85 mln, iA Financial, BDC invest

Luge Capital has raised additional resources for its debut early-stage financial technology venture capital fund, bringing it to a total size of $85 million. The new commitments came from iA Financial Group and BDC Capital, which join existing Luge investors Caisse de dépôt et placement du QuébecDesjardins GroupSun Life FinancialFonds de solidarité FTQ and La Capitale. Montréal- and Toronto-based Luge was founded last year by General Partners David Nault and Karim Gillani. It has to date led or co-led investments in Finaeo, Flare Systems, Flinks and Owl.co.

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Willowridge targets $650 mln for eighth secondaries fund

Willowridge Partners launched marketing on its eighth flagship fund, setting a target of $650 million, according to an SEC filing. If successful, Amberbrook VIII would be 30 percent larger than its predecessor, which closed in 2016 at a $500 million hard cap. At present, the New York-based private equity firm manages about $1.4 billion of […]

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Circular-economy investor Closed Loop seeks $300 mln for debut PE fund

Closed Loop Partners, which has recruited Amazon and other big-name investors to its circular-economy strategy, launched a first private equity fund at a target of $300 million, according to an SEC filing. Closed Loop Leadership Fund secured an undisclosed amount in an initial close in September, a person with knowledge of the matter told Buyouts. […]

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Bain Capital launches $1.1 bln tech fund with new partners in tow

Bain Capital is targeting $1 billion for a tech fund that will be led by one of the firm’s veteran tech investors, along with investment professionals from Goldman Sachs and Technology Crossover Ventures, according to a source, the firm’s website and a Form D fundraising document. The Boston-based private equity firm will also commit $100 […]

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Flare Systems raises $1 mln in seed financing led by Luge Capital

Flare Systems, a Montréal-based dark-net intelligence platform focused on helping financial institutions prevent cyber-crimes, has raised $1 million in a seed-stage financing. The round was led by Luge Capital, a Canadian fintech venture capital firm. Also participating was White Star Capital. Founded in 2017, Flare Systems will use the round’s proceeds to expand its roll-out in Canada and the United States, and further develop its suite of products. Luge last year raised an initial $75 million for its inaugural fund.

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Whitehorse continues quick ramp up, raises $2 bln for third fund

Whitehorse Liquidity Partners has wrapped up a third secondaries fund at its hard cap, securing $2 billion. The Toronto-based private equity firm closed Whitehorse Liquidity Partners Fund III 33 percent above its original target of $1.5 billion. The fund is double the size of its predecessor, which raised $1 billion last year. Fund III was […]