EQT seeks $13.2 bln for latest fund: Financial Times

By Luisa Beltran — 12 hours ago

EQT is seeking 10.75 billion euros ($13.2 billion) in its largest fundraising ever, the Financial Times reported. EQT’s latest buyout fund is about two times oversubscribed and 60 percent larger than its past pool, the story said. The EQT fund will look to invest globally with its main focus in Europe, the FT said.


1315 Capital raises $300 mln for second fund

By Kaitlyn Landgraf Bartley — 5 days ago

Philadelphia-based 1315 Capital has raised $300 million for its fund, 1315 Capital II, according to a regulatory filing. The firm invests in pharmaceutical, medical technology, and healthcare service companies, according to its website. It is led by Adele Oliva, Michael Koby, and Brian Schwenk. The fund closed at its hard cap of $300 million, exceeding its $250 million target, according to a press release. The filing lists 57 investors.


Bertram Capital rakes in $500 mln for third fund

By Iris Dorbian — 5 days ago

Bertram Capital, a lower-middle market-focused private equity firm, has closed its third fund at $500 million. The limited partners included endowments, insurance companies, multi-manager funds, consultants, public pensions, corporate pensions and family offices. Kirkland & Ellis provided legal counsel on the fund.


Canopy Boulder collects $2 mln for 2018 accelerator fund

By Iris Dorbian — 6 days ago

Boulder, Colorado-based CanopyBoulder, Canopy’s business accelerator and seed-stage investment fund focused on the legal cannabis sector, has closed its oversubscribed 2018 accelerator fund at $2 million. The capital will be used to provide seed and follow-on funding to companies that join the CanopyBoulder accelerator.


Norwest raises $1.5 bln, promotes Kossow and Wu

By Alastair Goldfisher — 6 days ago

Palo Alto, California-based Norwest Venture Partners announced it raised $1.5 billion for Fund XIV, its largest fund to date. In addition, the firm announced that Jon Kossow, who heads up the growth equity team, was promoted to managing partner, and Lisa Wu was promoted to partner on the venture team. Source: Norwest announcement