MIT-founded The Engine announces investments, $200 mln fund

By Alastair Goldfisher — 1 day ago

MIT-backed The Engine announced its first batch of seven investments and revealed that it has closed on $200 million for its first fund, 33 percent more than the $150 million it said it initially raised. MIT is one of its investors, committing $25 million to the Cambridge, Massachusetts-based organization, which incubates and supports startups. The Engine was founded last year and is led by CEO and Managing Partner Katie Rae. It aims to back 40 to 50 startups in the next few years form Fund I.

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First Infrastructure collects $1 bln

By Iris Dorbian — 2 days ago

First Infrastructure Capital Advisors LLC, a subsidiary of Quanta Services, a provider of infrastructure solutions for the electric power, oil and gas and communications industries, has raised $1 billion in funding. The capital infusion will be used to make infrastructure investments focused on the energy, utility and communications sectors. Eaton Partners was the placement agent for the transaction.

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NBK’s second mezzanine fund raises $160 mln

By Luisa Beltran — 3 days ago

NBK Capital Partners said Sept. 18 that it has closed its second mezzanine fund with $160 million of capital commitments. NBK Capital Partners Mezzanine Fund II will provide capital to middle market companies in consumer-centric sectors in the MENA region by way of mezzanine investments. Morgan Lewis represented NBK Capital while the fund administrator was Maples Fund Services.

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Longford Capital Fund II raises $500 mln

By Luisa Beltran — 4 days ago

Longford Capital Management LP said Sept. 18 that its most recent fund closed at $500 million. Longford Capital Fund II LP will invest in the outcomes of commercial legal claims it believes to be highly meritorious and have a strong likelihood of success. Fund II has already committed nearly $100 million to new investments.

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ArchiMed Fund II closes at $376.2 mln

By Luisa Beltran — 4 days ago

ArchiMed said Sept. 18 that it closed its Med II fund at its hard cap of 315 million euros ($376.2 million). ArchiMed’s second fund attracted commitments from nearly 30 investors, mainly from the United States and Europe. ArchiMed invests in all healthcare sectors, including medtech, biopharma, care services and preventive healthcare. ArchiMed, of Lyon, France, was formed in 2014 by former 3i healthcare executives.

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KKR wrestles with NYC pension fund deal: NY Post

By Luisa Beltran — 7 days ago

KKR, which is in talks for $3 billion in New York City pension fund money, has agreed not to take any piece of the investment’s gain until it surpasses a minimum threshold, the New York Post is reporting. It was not clear what the threshold was but New York City Comptroller Scott Stringer’s office targets a 7 percent annual return, the NY Post said. The deal would mark the first time KKR received NYC pension cash.

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