Little-known Gigafund seeks $100 mln

By Alastair Goldfisher — 2 hours ago

A new fund called Gigafund, led by two members of Founders Fund, is seeking $100 million in capital, according to a regulatory filing. The listed partners at Gigafund are Luke Nosek, one of the early employees of PayPal and a partner at Founders Fund, and Stephen Oskoui, who’s LinkedIn profile says he is a venture partner at Founders Fund. The listed address of Gigafund is 1220 Seaport Blvd. in Redwood City, California, the same address as law firm Gunderson Dettmer.

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ICG wraps up second secondary fund at $1.1 bln

By Iris Dorbian — 3 hours ago

Intermediate Capital Group has closed its second secondary fund at $1.1 billion, beating its $1 billion target. Strategic Secondaries II Fund will focus on acquiring portfolios of private equity assets in partnership with general partners. So far, about 40 percent of the capital raised for the fund has been invested. Simpson Thacher & Bartlett advised ICG on the fund.

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Partners Group nets 6 bln euros for direct PE fund

By Iris Dorbian — 4 hours ago

Partners Group, a private markets investment manager, has raised 6 billion euros for its latest direct private equity fund. The investors include public and corporate pension plans, sovereign wealth funds, insurance companies, endowment funds and foundations.

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Yellow Wood Partners closes second fund at $370 mln

By Iris Dorbian — 5 hours ago

Yellow Wood Partners has raised $370 million for its oversubscribed second fund. Yellow Wood Capital Partners II LP will focus on the consumer sector, making investments between $50 million and over $150 million apiece. Park Hill was placement agent while Proskauer Rose LLP served as legal counsel.

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Deutsche AM wraps up second Pan-European infrastructure fund

By Iris Dorbian — 1 day ago

Deutsche Asset Management has closed its second Pan-European infrastructure fund at about 1.8 billion euros. The limited partners of Pan European Infrastructure II LP include pension funds, insurance companies, banks, asset managers and funds of funds. The fund will invest in mature brownfield assets in Europe.

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Maniv Mobility collects over $40 mln for inaugural fund

By Iris Dorbian — 1 day ago

Israel-based Maniv Mobility, a venture firm focused on mobility tech, has raised over $40 million for its debut fund. According to Maniv, that figure was twice its target. The limited partners in the fund include OurCrowd, InMotion Ventures, Valeo, hedge funds and family offices.

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Private Advisors raises $350 mln for seventh PE fund

By Iris Dorbian — 2 days ago

Private Advisors LLC, an affiliate of New York Life Investment Management LLC, a subsidiary of New York Life Insurance Company, has closed its seventh private equity fund at a hard cap of $350 million. Fund VII will focus on lower middle market companies in North America. The fund’s limited partners include pension plans, foundations, endowments, insurance companies and family offices.

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Aquiline Capital Partners wraps up tech growth fund at about $190 mln

By Iris Dorbian — 2 days ago

New York-based Aquiline Capital Partners LLC, a private equity firm focuses on financial services, has closed its tech growth fund at about $190 million, beating its $150 million target. The Aquiline Technology Growth Fund will target a number of sectors that include insurance technology, asset management technology, benefits and retirement, security, data and analytics and enterprise software.

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