Falcata racks up $1 bln for maiden fund

Houston-based Falcata Capital, a private equity firm focused on software and technology-enabled service companies, has raised $1 billion for its inaugural fund. Falcata is seeking to invest between $50 million and $200 million in companies. PRESS RELEASE HOUSTON, Aug. 16, 2018 /PRNewswire/ — Falcata Capital, LLC (“Falcata”), a Houston-based private equity firm, announced the closing on its initial fund today. The fund closed at $1 billion of committed capital. Robert Burnett, Falcata’s president and co-founder, said: “We are pleased with the speed and support received from the investment community throughout the initial fund raising process. We have an experienced team at Falcata focused on identifying companies to add to the portfolio, and are eager to begin executing on our strategy.” Falcata targets North American enterprise software and technology-enabled services companies across a spectrum of industries. Falcata typically seeks to invest between $50 and $200 million in companies with
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Openspace Ventures wraps up second fund at $135 mln

Openspace Ventures has closed its second fund at a hard cap of $135 million. Fund 2’s investors include Stepstone Group and Temasek as well as pension funds, university endowments, insurance companies and family offices. Based in Singapore and Jakarta, the venture firm invests in tech companies in Southeast Asia. PRESS RELEASE SINGAPORE, Aug. 16, 2018 /PRNewswire/ — Openspace Ventures (previously NSI Ventures) is pleased to announce the final close of Fund 2 on August 10, 2018 with total subscriptions accepted up to US$135mm. Including Fund 1, Openspace now has in total US$225mm committed capital from its limited partners (excluding managed co-investments). Investors in Fund 2 include a range of institutional investors from US, Australia, Europe, Japan, China, Korea and Singapore across pension funds, university endowments, insurance companies and family offices. Disclosed investors include Stepstone Group and Temasek. “We are very grateful for the ongoing support of our long-term investors –
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Summit Park wraps up third fund at $245 mln

Summit Park has closed its third fund at $245 million, beating its original target of $200 million. Summit Park III’s limited partners include pension funds, foundations and asset managers. Morgan, Lewis & Bockius LLP was legal counsel to Summit Park on the fundraising. The Charlotte, North Carolina-based firm invests in lower-middle market companies that have an EBITDA between $4 million and $15 million. PRESS RELEASE Summit Park (“SP” or the “Firm”) is pleased to announce the final closing of Summit Park III, L.P. (“SP III” or the “Fund”) at $245 million. The Fund exceeded its original target of $200 million. Limited partners include all of the predecessor fund’s investors, as well as the addition of several new institutional investors, including pension funds, foundations and asset managers. SP III will continue the strategy of the Firm’s predecessor fund, Summit Park II, L.P., which closed in April 2015. Investment
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Benhamou Global Ventures wraps up fund at over $40 mln

Benhamou Global Ventures, a Silicon Valley-based early-stage venture firm, has closed its opportunity fund at over $40 million. The fund’s investors include previous limited partners and several new international and institutional limited partners. PRESS RELEASE PALO ALTO, Calif.–(BUSINESS WIRE)–Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on the digital transformation of the enterprise with a cross-border innovation theme, announced the first close of the BGV Opportunity Fund with over $40M of capital committed to date. Investors in this fourth fund include both existing limited partners as well as several new international and institutional LPs. The BGV Opportunity Fund will focus on capturing the full pro rata in winning portfolio companies from BGV II and BGV III as they mature and raise late stage equity rounds. Target portfolio companies will have achieved product market fit, established a repeatable go-to-market
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OS Fund II fetches $250 mln

OS Fund has raised $250 million for its second fund. OS Fund invests in “entrepreneurs and companies that develop breakthrough discoveries in science to address our most pressing global problems.” PRESS RELEASE VENICE, Calif.–(BUSINESS WIRE)–Bryan Johnson and Jeff Klunzinger are raising $250 million for OS Fund II — following a successful $100M OS Fund I. OS Fund is a venture capital fund that invests in entrepreneurs and companies that develop breakthrough discoveries in science to address our most pressing global problems. OS Fund I made 28 investments total, with 27 receiving follow on investment, four valued at over a billion dollars, and two acquired. According to PitchBook, OS Fund’s investments were among the top 10% of U.S. funds in performance. The success of OS Fund has proven that it’s possible to achieve results by breaking the rules that traditionally govern deep tech investing. OS Fund invested in
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Quantum racks up over $5.5 bln for seventh fund

Houston-based private equity firm Quantum Energy Partners has closed its seventh fund at a hard cap of $5.575 billion. Sidley advised Quantum on the fundraising. PRESS RELEASE HOUSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) — Quantum Energy Partners (“Quantum”) announced today that it has held its final closing on Quantum Energy Partners VII and its affiliates (collectively, “QEP VII”) above its hard-cap with $5.575 billion of equity capital commitments, including commitments from the General Partner and its affiliates. Quantum has built one of the leading energy private equity franchises that invests across the energy value chain and, together with its affiliates, has managed more than $16 billion of equity commitments since 1998. Quantum remains committed to the cycle-tested investment strategy it has successfully implemented since its founding, partnering with exceptional entrepreneurs that have a strong emphasis on operational excellence and that can demonstrate unique and sustainable competitive advantages to
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Sycamore Partners closes third fund on $4.75 bln

New York-based Sycamore Partners, a private equity firm focused on consumer and retail investments, has raised $4.75 billion for its third fund. The limited partners of Sycamore Partners III LP include endowments, foundations, funds of funds, family offices, insurance companies, pension plans and sovereign wealth funds. In June 2014, Sycamore raised $2.5 billion for its second fund. No performance data was available on the fund. Acalyx Advisors Inc was the placement adviser for Fund III while Kirkland & Ellis LLP provided legal counsel. Currently, Sycamore has about $10 billion in assets under management.