Washington State Board of Investments has made a big bet on venture, and so far it hasn’t panned out as well as many of its other alternative strategies. The board’s 64 venture funds generated an 8.51 percent net internal rate of return as of year-end 2017. That compares with the 13.19 percent generated by its entire […]
ICV Partners, a New York private equity firm founded in 1998 as Inner City Ventures, has raised at least $570 million for its ICV Partners IV fund, well ahead of its $500 million target. Executives at the firm were unavailable for comment on the fundraise. According to the firm’s website, its investor group is made […]
Minnesota State Board of Investment’s real-assets portfolio has outperformed the $22.8 billion pension’s five other alternative portfolios, including private credit and private equity — a surprising result given that real assets and private credit are generally considered less risky strategies. Real assets, with 35 funds, generated a 15.81 percent internal rate of return and a […]
OS Fund led a $12.4 million financing round for NuMat Technologies, which creates engineered systems through the integration of programmable nanomaterials. Other investors included Osage University Partners, Tin Shed Ventures as well as existing investors.
Workhorse Capital has led a $9 million Series B round for Traackr, which builds influencer relationship management technology. You & Mr Jones and existing investors also participated. To date, Traackr has raised a total of $14.4 million.
Glen Moller has joined Frazier Healthcare Partners as an operating partner on the firm’s growth buyout team. Most recently, Moller served as CEO at ArroHealth.
Doug Campbell has joined Harvest Partners as a partner. Campbell previously worked in the special situations fund at Oaktree Capital Management where he was a managing director.
Omnes made a partial exit from Circet, a French telecoms construction group, through a sale to Advent International. Terms of the deal were not disclosed.
Goodwater Capital, PayPal and institutional investors participated in a $44 million Series A financing for Dosh, an app that gives consumers cash back every time they shop at participating merchants. Dosh launched its app about a year ago.
Capital Group Private Markets kicked in $90 million to a Series E funding round for Innovent Biologics, a biotech company in China. New investors, including Cormorant Asset Management, Rock Springs Capital and Ally Bridge Group, and existing investors, such as Temasek, Hillhouse, Legend Capital, Lilly Asia Venture and Taikang Insurance, helped bring the total funding to $150 million.
Partech’s recently launched Africa Fund led a $3 million Series A round in TradeDepot, the SaaS platform for FMCG distribution in Africa. Africa Fund is targeting 100 million euros.
Colony Industrial, the industrial platform of Colony NorthStar, acquired a two-building warehouse portfolio at Henderson Freeways Crossing in the Henderson submarket of Las Vegas, NV. CBRE’s Kevin Higgins was the real estate broker on the transaction.
Koben Miceli was appointed chief executive officer of OpenGate Capital‘s portfolio company Hufcor. Miceli will also continue as chief executive officer of Power Partners, another portfolio company of OpenGate Capital. Prior to joining Power Partners, Miceli was executive vice president of global operations for Dematic Corporation.
L2 Capital sold reQuire Holdings, a diversified real estate services platform, to LenderLive Services. Pepper Hamilton served as legal counsel and Raymond James served as financial advisors to L2. Terms of the deal were not disclosed.
Eric Goldstein joined Goodwin law firm as a partner in the private equity and private investment funds practice in the firm’s New York Office. He joined from Insight Venture Partners, where he was deputy general counsel and chief compliance officer.
5AM Ventures, Canaan Partners, and New Leaf Venture Partners led a $37 million Series A funding for Rallybio, a biotechnology company. Public-sector participation came from Connecticut Innovations.
Clearview Capital Fund III‘s portfolio company Wilson Orchard & Vineyard Supply, which provides growers with irrigation and structural services, acquired Valley Vineyard, a manufacturer of trellising equipment, and Quantum Irrigation, a provider of irrigation services. Terms of the deal were not disclosed.
Capitala Group raised $1 billion for a permanent capital lending vehicle called Capitala Specialty Lending. The funding is in addition to the $1.4 billion Capitala invested in businesses over the past 20 years. The lending pool will provide senior debt and equity co-investments across Capitala’s family of funds.