KKR’s second direct lending fund raises $1.34 bln

Kohlberg Kravis Roberts & Co. said Thursday that its second direct lending fund closed at $1.34 billion. KKR Lending Partners II LP began soliciting third party capital in 2014 and held a first close in June. KKRLP II received backing from public pensions, insurance companies, private banking platforms, family offices and individual investors, KKR said.

Waterland Fund VI raises 1.55 bln Euros

Waterland Private Equity Investments said Thursday that it closed its sixth institutional fund, Waterland Private Equity Fund VI, at 1.25 billion Euros (US$1.34 billion), while WPEF VI Overflow Fund collected 300 million Euros (US$321.8 million). WPEF VI will make control investments in medium-sized companies located in Belgium, Luxembourg, the Netherlands, Germany, Austria, Switzerland and Poland. MVision Private Equity Advisers was the placement agent while Clifford Chance provided legal advice.

Pepperdata raises $15 mln

Pepperdata said Thursday it raised more than $15 million in a strategic and venture financing round led by Wing Venture Capital. Existing investors including Signia Venture Partners and Yahoo Chairman Maynard Webb participated. New strategic investors Citi Ventures and Silicon Valley Data Capital also invested. Sunnyvale, California-based Pepperdata provides Hadoop cluster optimization software.

Ascension Insurance buys Belvedere Pacific Insurance

Ascension Insurance Inc. has acquired Belvedere Pacific Insurance Services Inc. Financial terms weren’t announced. Corte Madera, California-based Belvedere is an employee benefits and insurance brokerage firm. Ascension is a portfolio company of Parthenon Capital and Century Capital Management.

Blackstone reports Q1 AUM of $310.45 mln

The Blackstone Group reported $1.6 billion in first quarter economic net income, or $1.37 per unit, up 99 percent from $813.9 million in economic net income, or 70 cents per unit, for the same time period in 2014. Total revenue surged 66 percent to $2.5 billion in first quarter from $1.5 billion in first quarter 2014. Blackstone’s total assets under management rose 14 percent to $310.45 million, the release said.

O’Neill joins Levine Leichtman

Levine Leichtman Capital Partners said Wednesday that John O’Neill has recently joined the firm and is managing its London office. O’Neill, a managing director, will lead the firm’s efforts in investment opportunities throughout the United Kingdom and Ireland. He was previously a partner at Graphite Capital.

COBI raises more than $4 mln

COBI said Wednesday it raised more than $4 million from European investors Capnamic Ventures, Iris Capital and Creathor Venture. Private investors from COBI’s seed round of financing also participated. COBI, of Frankfurt, Germany, has developed a modular system to digitally upgrade bicycles to smart bikes.

WME|IMG to buy Professional Bull Riders

WME|IMG said Wednesday that it has agreed to buy the Professional Bull Riders Inc. Financial terms weren’t announced. Pueblo, Colorado-based Professional Bull Riders is a bull riding circuit that features more than 300 bull riding events globally. WME|IMG is backed by Silver Lake.

SolAero Tech to buy Alliance Spacesystems

SolAero Technologies Corp., a portfolio company of Veritas Capital, has agreed to buy Alliance Spacesystems LLC. Financial terms weren’t announced. Los Alamitos, California-based Alliance makes and designs composite structures for spacecraft.


Versa Capital closes Wet Seal buy

Versa Capital Management LLC said Wednesday that it has completed its previously announced buy of The Wet Seal Inc. The United States Bankruptcy Court for the District of Delaware approved the deal on April 1. Crystal Financial, a portfolio company of Solar Capital, is providing a $15 million loan to Wet Seal, an apparel retailer that targets young women.

AIG takes minority stake in K2 Intelligence

American International Group Inc. said Wednesday that it has acquired a minority stake in K2 Intelligence. Financial terms weren’t announced. New York-based K2 is an investigative consultancy that provides expertise on cyber investigations and defense, anti-money laundering and regulatory compliance, complex investigations and disputes, data analytics and visualization, and integrity monitoring and compliance.


Abraaj Group’s third Sub-Saharan Africa fund closes at $990 mln

The Abraaj Group said Monday it closed its third dedicated Sub-Saharan Africa private equity fund at $990 million. Sixty four percent of the capital committed to Abraaj Africa Fund III came from European and North American investors. AAF III will target consumer goods and services, consumer finance, and resource and infrastructure services in the core geographies of Nigeria, Ghana, Côte d’Ivoire, South Africa and Kenya.

Hoffman joins OpenView Venture Partners as a senior advisor

OpenView Venture Partners said Monday that Jeff Hoffman has joined as a Senior advisor. Hoffman, who is on the faculty at Cornell University’s Johnson School of Management, has consulted for numerous high-growth technology companies and regularly speaks to Fortune 500 audiences.

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