Washington State Board of Investments, private equity, pension fund, venture capital

LP Scorecard: Washington’s venture investments lag most of the rest

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, Willie Woods, private equity

Minority-run ICV Partners raises at least $570 mln for fourth fund

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 […]

private equity, pension fund

LP Scorecard: Minnesota real-assets portfolio takes home gold, beats PE

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 […]


NuMat Technologies raises $12.4 mln

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 leads $9 mln Series B for Traackr

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.


Goodwater and Paypal lead $44 mln Series A for Dosh

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.


CGPM leads $150 mln Series E for Innovent Biologics

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 CapitalLilly Asia Venture and Taikang Insurance, helped bring the total funding to $150 million.


Colony Industrial acquires warehouse portfolio in NV

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 appointed CEO of Hufcor

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.


Capitala raises $1 bln senior debt lending vehicle

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.

Press release