Tillridge Global Agribusiness Partners raises over $375 mln for second fund

By Iris Dorbian — 1 hour ago

Tillridge Global Agribusiness Partners, an affiliate of NGP Energy Capital Management, has raised over $375 million for its sophomore fund, according to an SEC filing. The target is $750 million. According to an earlier report by PE HUB’s sister site Buyouts, the limited partners of this fund include Public Employees Retirement Association of New Mexico and Maine Public Employees’ Retirement System.

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Phoenix Venture Partners wraps up second venture fund

By Iris Dorbian — 1 day ago

Phoenix Venture Partners LLC has closed its second flagship venture fund at an undisclosed sum. PVP II LP’s limited partners include Pfizer Inc., 3M, Corning Incorporated, Eastman Chemical Company, Solvay Group S.A., Showa Denko K. K. and W. L. Gore & Associates. The fund will focus on advanced materials startups.

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Genstar Fund VIII closes with $3.95 bln of capital

By Luisa Beltran — 1 day ago

Genstar Capital said March 27 that its latest flagship fund closed on $3.95 billion of capital. The final close of Genstar Capital Partners VIII included $3.1 billion of limited partner capital commitments and $650 million of overage capacity from select LPs. Another $200 million came from the GP and affiliated entities. Evercore Partners served as placement agent for the fund, while Weil, Gotshal & Manges LLP provided legal advice.

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SAP rolls out seed fund to back early-stage software startups

By Iris Dorbian — 5 days ago

Enterprise software company SAP has launched a seed fund that will invest in early-stage software startups. SAP has seeded SAP.iO Fund with an initial investment of $35 million. San Jose, California-based Parable Sciences Inc, a big data analytics company, is the first startup to secure funding from SAP.IO Fund. No financial terms were disclosed. Also, SAP.iO has launched a foundry program that will incubate early-stage startups that build software applications.

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Fengate collects $100 mln for new PE fund, invests in Cricket

By Iris Dorbian — 6 days ago

Fengate Real Asset Investments has raised $100 million for its new private equity fund. LFP Equities Fund will focus on the middle market across various industry sectors in North America. Also, Fengate has made its initial investment from the fund in Cricket Energy Group of Companies, an Ontario-based provider of residential and commercial energy services and solutions. No financial terms were disclosed.

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May River closes maiden fund at $165 mln

By Iris Dorbian — 1 week ago

May River Capital LLC has closed its debut fund at $165 million. The fund’s limited partners include university endowments, insurance companies, charitable foundations, fund-of-funds, family offices and high-net worth individuals. M2O Private Fund Advisors served as placement agent while DLA Piper LLP (US) provided legal counsel. The Chicago-based private equity firm invests in lower middle-market industrial businesses.

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