SK Capital closes debut small-cap fund on $400 mln cap

By Chris Witkowsky — 19 hours ago

SK Capital Partners closed its debut small-cap fund at its hard cap of $400 million, beating its $300 million target. SKCP Catalyst Fund I focuses on control investments in lower middle market companies in specialty materials, chemicals and pharmaceuticals. SK Catalyst I started fundraising in July 2019. It’s led by Managing Directors Mario Toukan and Jon Borell.


Jackson Square raises $193 mln

By Alastair Goldfisher — 4 weeks ago

Jackson Square Ventures, which backed DocuSign, UpWork and Strava, announced it raised $193 million for its third and largest fund. The San Francisco-based firm was targeted $150 million, according to a regulatory filing in May. The latest fund is 60 percent more than the $120 million it raised for Fund II in 2016. As part of the new fund, Victor Echevarria was promoted to partner. The firm is led by Managing Directors Pete Solvik, Greg Gretsch and Josh Breinlinger.


Periscope Equity promotes its first hire, John Findlay, to partner

By Chris Witkowsky — 1 month ago

Periscope Equity promoted John Findlay to partner. Findlay joined Periscope in 2013 as vice president and the firm’s first hire. He worked on each of Periscope’s platform investments to date and served on the boards of Sentrics, Strategic Pharma Solutions and currently serves on the boards of Power Digital Marketing and Integrated Behavioral Health.


Sony, Daiwa form $185 mln innovation growth fund

By Alastair Goldfisher — 4 months ago

Sony Innovation Fund, the venture arm of Sony Corp, and Daiwa Capital have partnered to form a new investment vehicle called the Innovation Growth Fund. The fund is targeted to raise up to $185 million to invest in mid to late-stage startup tech companies in Japan, United States, Europe and Israel, and it is open to outside LPs. Investors joining Sony and Daiwa at the first close include Sumitomo Mitsui Bank and Osaka Shoko Shinkin Bank, among others.


Motor City Industrial buys Quality Fastener

By Iris Dorbian — 5 months ago

Motor City Industrial, which is backed by Kian Capital Partners and Oakland Standard Co, has acquired Oxford, Michigan-based Quality Fastener and Supply Co, a provider of industrial consumables and ancillary products. No financial terms were disclosed.


ClearCourse buys NetXtra

By Luisa Beltran — 7 months ago

ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said April 25 that it acquired NetXtra. Financial terms weren’t announced. NetXtra, of Bury St Edmunds, England, provides membership software/services and digital capabilities to the membership, events & bookings and sports & leisure sectors.


Core Innovation Capital seeks $100 mln to back fintech startups

By Alastair Goldfisher — 7 months ago

Fintech-focused Core Innovation Capital is seeking to raise $100 million for its third fund, according to a regulatory filing. The fund is one-third larger than Fund II, which closed at about $72 million. Core Innovation was founded in 2010 to invest in financial services and technology. It has offices in the South Park area of San Francisco and in Los Angeles. Leading the firm as GPs are Founder and Managing Partner Arjan Schutte and Managing Partner Kathleen Utecht.


Bling raises more than $90 mln for inaugural opportunity, early-stage funds

By Alastair Goldfisher — 9 months ago

Bling Capital, an investor in electric scooter company Lime, has raised $60 million for its inaugural early-stage fund, according to a pair of regulatory filings. The firm also raised a little more than $30 million for an opportunity fund that will make follow-on investments in portfolio companies and new investments in other companies in special cases, according to Founder and General Partner Ben Ling. Previously, Ling was a GP at Khosla Ventures and served in senior operating roles at Google, YouTube and Facebook.