Grain Management racks up almost $900 mln for fund


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Grain Management has closed its fourth fund at nearly $900, beating its $750 million target. Grain Communications Opportunity Fund II LP will focus on mission-critical communications assets, both domestic and abroad. Credit Suisse Securities (USA) LLC was placement agent for GCOF II while Paul, Weiss, Rifkind, Wharton & Garrison served as fund formation counsel.

PRESS RELEASE

WASHINGTON, April 25, 2019 /PRNewswire/ — Grain Management (“Grain”), a leading private equity firm focused on investments in the global communications sector, announced today the closing of its fourth fund, Grain Communications Opportunity Fund II, L.P. (“GCOF II” or the “Fund”), with $899 million in commitments. GCOF II targeted $750 million and closed with excess demand driven by strong, early support from existing limited partners and significant interest from new investors.

Since its founding in 2007, Grain has managed more than $2 billion across its investment vehicles. The formation of GCOF II allows

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WNG closes aircraft fund at $438 mln


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


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WNG Capital has raised $438 million for its WNG Aircraft Opportunities Fund II LP, beating its $300 million target. WNG II’s limited partners include public and corporate pension plans, endowments, foundations and family offices. The fund will invest in mid-life and older narrow body commercial aircraft. MVision Private Equity Advisers was fundraising adviser for WNG while Kirkland & Ellis LLP served as the fund’s legal counsel.

PRESS RELEASE

DALLAS, DUBLIN (April 24, 2019) – WNG Capital LLC (“WNG” or the “Firm”), the global aviation investment manager and lessor of narrow body commercial aircraft, is pleased to announce the final closing of WNG Aircraft Opportunities Fund II, L.P. (“WNG II” or the “Fund”), with $438 million of capital commitments.

WNG II was oversubscribed with demand exceeding the fundraising target of $300 million. WNG secured commitments from a sophisticated group of U.S. institutional investors, including public and corporate pension plans,

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Cultivian Sandbox Ventures raises $135 mln for third venture fund


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Cultivian Sandbox Ventures has closed its third venture fund at $135 million. Cultivian Sandbox Food & Agriculture Fund III will invest in food and agriculture technology companies.

PRESS RELEASE

CHICAGO, April 23, 2019 /PRNewswire/ — Cultivian Sandbox Ventures today announced the closing of its third venture capital fund, Cultivian Sandbox Food & Agriculture Fund III. The $135 million fund invests in food and agriculture technology companies that address global megatrends, including increasing demand for protein, food safety, traceability, nutrition, and resource efficiency.

The food and agriculture industry is undergoing unprecedented change, driven by shifting demographics, consumer preferences, sustainability pressures, and concerns about food safety and security. Emerging technologies have the potential to dramatically reshape the $5 trillion food and agriculture sector to meet the changing demands of both consumers and producers. Cultivian Sandbox invests in early stage companies that can positively impact this complex landscape.

“20 years ago, the public

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Cultivian Sandbox Ventures raises $135 mln for third venture fund


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


Click here to view on the original site: Original Post




Cultivian Sandbox Ventures has closed its third venture fund at $135 million. Cultivian Sandbox Food & Agriculture Fund III will invest in food and agriculture technology companies.

PRESS RELEASE

CHICAGO, April 23, 2019 /PRNewswire/ — Cultivian Sandbox Ventures today announced the closing of its third venture capital fund, Cultivian Sandbox Food & Agriculture Fund III. The $135 million fund invests in food and agriculture technology companies that address global megatrends, including increasing demand for protein, food safety, traceability, nutrition, and resource efficiency.

The food and agriculture industry is undergoing unprecedented change, driven by shifting demographics, consumer preferences, sustainability pressures, and concerns about food safety and security. Emerging technologies have the potential to dramatically reshape the $5 trillion food and agriculture sector to meet the changing demands of both consumers and producers. Cultivian Sandbox invests in early stage companies that can positively impact this complex landscape.

“20 years ago, the public

Continue reading “Cultivian Sandbox Ventures raises $135 mln for third venture fund”

Stonyrock and LAM to launch mid-market fund


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


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Stonyrock Partners LP and Leucadia Asset Management, a division of Jefferies, is launching a fund that will invest in middle-market alternative managers. The target was not specified.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Stonyrock Partners LP (“Stonyrock”), led by Managing Partner Craig Schortzmann and Partner Sean Gallary, and Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. (“Jefferies”), today announced a strategic partnership to raise a permanent capital vehicle to invest in middle market alternative managers.

Stonyrock will target minority equity stakes in high-quality, middle-market alternative managers across a range of asset classes, strategies and geographies, creating a highly diversified portfolio of partnerships. Stonyrock’s strategy seeks to address the growing demand from alternative managers to bring in outside capital to execute on a range of strategic priorities including franchise growth initiatives, operational investments and succession planning. Stonyrock will leverage its internal affiliate development platform capabilities as well as

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Ping An Overseas Holdings raises about $758 mln for infrastructure funds


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


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Ping An Overseas Holdings has closed its infrastructure funds at about $758 million. The fund will focus on telecommunication, transportation, midstream, power, utilities and other infrastructure assets. Ardian is the anchor investor.

PRESS RELEASE

HONG KONG, April 16, 2019 /PRNewswire/ — China Ping An Insurance Overseas (Holdings) Limited, together with its subsidiaries (“PAOH”), the main overseas platform for direct investments and asset management of Ping An Insurance (Group) Company of China, Ltd. (2318.HK, 601318.SH), announced the closing of approximately US$758 million in capital commitments to its Ping An Global Infrastructure Funds.

The Funds’ investments will be focused on telecommunication, transportation, midstream, power, utilities and other infrastructure assets. They provide third party investors the opportunity to invest alongside Ping An in fund investments and co-investments in the infrastructure sector in primarily OECD countries. The Funds’ investment strategy builds on Ping An’s more than 10-year track record of successful infrastructure

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BEX Capital wraps up third fund at $365 mln


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


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BEX Capital has closed its third oversubscribed fund at $365 million. The original target was $280 million. Based in Nice, France, BEX is focused on acquiring LP interests in fund-of-funds and secondaries.

PRESS RELEASE

Nice, France – April 11, 2019 – BEX Capital, the first investment firm focused exclusively on fund-of-funds (FoF) secondaries, today announced the close of BEX Fund III, with total commitments of $365 million.

This was the first and final close of BEX Fund III, with fundraising completed in the space of four months. BEX Capital received strong support from existing investors with over 90% returning to commit to BEX Fund III. The fund was substantially oversubscribed and closed in excess of its original target of $280 million.

As per its predecessors, BEX Capital’s third fund will acquire positions in private equity FoFs, secondary funds and co-investment funds, with a strong bias towards mature markets and assets.

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Hatteras amasses $94 mln for sixth fund


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


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Hatteras Venture Partners has raised $94 million for its sixth fund. The target is $200 million. The Durham, North Carolina-based venture firm makes seed and early-stage investments in health care.

PRESS RELEASE

DURHAM, N.C., April 15, 2019 (GLOBE NEWSWIRE) — Hatteras Venture Partners announced today the first closing of Hatteras Venture Partners VI, LP (HVP VI), with $94 million in deployable capital toward an ultimate target fund size of $200 million.

“The pace and quality of our deal flow has grown tremendously during the past several years,” said Clay Thorp, Co-founder and General Partner of Hatteras. “With HVP VI, we will continue to partner with innovative, driven entrepreneurs to launch and build world-class health care companies, many of which will be based upon leading-edge research stemming from the renowned academic centers in the southeastern U.S. In addition, we will continue to leverage our expanding national network to

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