BRV raises $130 mln for sixth fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




BlueRun Ventures, an early-stage venture firm, has closed its sixth fund at $130 million. The fund will focus on mobile software and services, financial technology and digital health.

PRESS RELEASE

MENLO PARK, Calif., Jan. 16, 2019 /PRNewswire/ — BlueRun Ventures (BRV), an early-stage venture capital firm that led early rounds in PayPal, Waze, Coupa and Kabbage, today announced the closing of their sixth fund, BRV VI, at $130 million. The fund will be used for early-stage investments, both seed and Series A rounds focused on mobile software and services, financial technology, and digital health. Broadly, BRV’s investment thesis is to look for opportunities where data and real time computing can disrupt incumbents and create new category winners.

“BRV’s consistent early stage investment approach is supported by our seasoned base of limited partners, allowing us to fund companies at critical moments in their growth,” said Jonathan Ebinger, General Partner

Continue reading “BRV raises $130 mln for sixth fund”

Resurgens wraps up fund at over $200 mln


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Resurgens Technology Partners has closed its flagship private equity fund at over $200 million. The fund’s limited partners include endowments, foundations, global asset managers, financial institutions and state and national pension plans. Resurgens invests in North American-based, lower middle-market software and tech-enabled services businesses. Proskauer acted as fund counsel to Resurgens. No placement agent was used.

PRESS RELEASE

ATLANTA–(BUSINESS WIRE)–Resurgens Technology Partners (“Resurgens”), an Atlanta-based private equity firm focused on investing in North American-based, lower middle-market software and tech-enabled services businesses, announced the closing of its flagship fund at over $200 million in total commitments, in excess of its target. The fund’s limited partners include endowments, foundations, global asset managers, financial institutions and state and national pension plans.

Founded by Fred Sturgis, John Baumstark and Adi Filipovic, Resurgens focuses its investment strategy on “micro-tech” buyouts, targeting niche-focused, profitable enterprise technology companies. Having worked together over the past decade at two

Continue reading “Resurgens wraps up fund at over $200 mln”

iXO Private Equity closes fourth fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




French private equity firm iXO Private Equity has closed its fourth fund at 200 million euros. iXO 4 will focus on small and midcap companies in southern France, making investments between 5 million euros and 20 million euros.

PRESS RELEASE

iXO Private Equity, the leading regional private equity player, announces today the final closing of iXO 4 at € 200 million, surpassing its initial target. This fundraising carried out in 7 months is a new record for iXO Private Equity and brings the total amount of assets under management at € 700 million. iXO 4 is dedicated to small and midcap companies through growth and buyout transactions, exclusively based in the Great South of France, for investments ranging in size from € 5 to € 20 million.

Bruno de Cambiaire, Chairman of iXO Private Equity, said: “This fundraising and the renewed confidence of our institutional and private investors validate our

Continue reading “iXO Private Equity closes fourth fund”

Capital Dynamics wraps up new fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Zug, Switzerland, Capital Dynamics, a private asset manager, has closed its new fund at 208 million euros, beating its initial target of 200 million euros. Capital Dynamics Future Essentials LP will focus mostly on mid-market buyout and growth capital funds, with additional allocation to co-investment funds and secondaries transactions.

PRESS RELEASE

Zug, Switzerland – January 15, 2019 — Capital Dynamics, an independent global private asset management firm, has held a final close of Capital Dynamics Future Essentials LP (“Future Essentials” or “the Fund”) with EUR 208 million in commitments. This first-time fund surpassed its initial target size of EUR 200 million.

Capital Dynamics developed this global private equity multi-manager program to meet the specific investment appetite, and portfolio, regulatory and tax requirements of German-speaking investors in Germany, Austria, Switzerland and Liechtenstein (DACH region).

Future Essentials targets private equity managers across Europe, North America and Asia that demonstrate a proven track

Continue reading “Capital Dynamics wraps up new fund”

Magenta Venture Partners targets $100 mln for maiden fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Magenta Venture Partners is seeking to raise $100 million for its new fund. The fund will focus on early-stage investments in Israeli tech startups.

PRESS RELEASE

HERZLIYA, Israel, Jan. 14, 2019 /PRNewswire/ — Israeli VC firm Magenta Venture Partners announced today a new venture capital fund targeting $100 million. The new fund had its initial closing in October 2018 and is planning its final closing in 2019.

Magenta Venture Partners is an equal partnership between Mitsui & Co. Ltd., one of the largest trading and investment companies in Japan, Ori Israely, and Ran Levitzky, two seasoned Israeli professionals from its venture capital industry

The fund specializes in early-stage investments in Israeli and Israeli-related technology startups in multiple domains including Automotive, Mobility, AI, Smart Cities, Industry 4.0, Enterprise Software and Fintech.

The four partners of the fund include Ori Israely, formerly of Motorola Solutions Venture Capital and Giza Venture

Continue reading “Magenta Venture Partners targets $100 mln for maiden fund”

Artemis wraps up sophomore fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Boston-based Artemis Capital Partners, an industrial technology-focused private equity firm, has closed its second fund. No financial terms were disclosed. Morgan Lewis & Bockius LLP served as legal counsel to the fund.

PRESS RELEASE

BOSTON, Jan. 11, 2019 /PRNewswire/ — Artemis Capital Partners (“Artemis”), an industrial technology-focused private equity firm, today announced the final close of its second fund, Artemis Capital Partners II, L.P. (the “Fund”), after hitting the Fund’s hard cap in September 2018 in an oversubscribed fundraise.

“We are humbled by the support we received from our existing base of Limited Partners and are delighted to welcome several new top-tier institutional partners,” said Peter A. Hunter, Founder and Managing Partner of Artemis. “With capital from our new fund and that of our co-investors, we will continue our focus on acquiring and growing profitable industrial technology companies in close partnership with our management teams and look forward

Continue reading “Artemis wraps up sophomore fund”

Levine Leichtman racks up $2.5 bln for sixth fund


This post is by Iris Dorbian from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Levine Leichtman Capital Partners has closed its oversubscribed sixth fund at a hard cap of $2.5 billion, beating its $2.2 billion target.

Levine Leichtman Capital Partners Fund VI’s limited partners include leading public and private pension funds, sovereign wealth funds, endowments and foundations, insurance companies, funds-of-funds, wealth management platforms and family offices.

The Los Angeles-private equity firm invests in middle-market companies.

So far, Fund VI has closed on four investments, deploying about $552 million.

In March 2014, Levine Leichtman announced it had raised $1.65 billion for its fifth fund. Performance data on Fund V was not available.

According to the firm, Levine Leichtman has raised about $10.2 billion of institutional capital since its founding in 1984.