Better Ventures targets $35 mln for third venture fund

Better Ventures is raising a third venture fund targeted at $35 million, according to a regulatory filing. The Oakland-based firm makes early-stage investments in sectors including education technology, healthcare, and clean energy, according to its website. It is led by Wesley Selke and Richard Moss. The filing lists no investors.

Nyca has raised about two-thirds of its $200 mln target

Fintech-focused Nyca Partners has raised $129 million for its third fund, which is targeted at $200 million, according to a regulatory filing. The filing says Nyca has raised the commitments from 47 investors. The New York firm, which was launched in 2014 by Managing Partner Hans Morris, a long-time Citigroup banker and former president of Visa, raised $125 million for its previous fund. The team of Nyca includes Morris, Partner and COO Ravi Mohan, Principals Jeff Reitman and David Sica, and Investment Partners Osama Bedier, Brian Finn, Max Levchin, Tom Miglis and Charlie Songhurst.

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.

Fuel Capital aims to fill up with $75 mln third fund

San Francisco-based Fuel Capital, which raised more than $46 million in 2016 for its second fund, is seeking to raise $75 million for its third early-stage fund, according to a regulatory filing. Listed as partners on the filing are Founding Partner Chris Howard, a former seed-stage investor at Ignition Partners, and Leah Busque, the TaskRabbit founder who joined the firm last fall as its second general partner.

Carlyle’s latest U.S. buyout fund raises $18.5 bln

Carlyle Group said July 30 that its latest U.S. buyout fund close on $18.5 billion. The fund, Carlyle Partners VII, is the largest in the firm’s history. It will make majority and strategic minority investments in the U.S. across five industries: aerospace, defense & government services; consumer & retail; healthcare; industrial & transportation; and technology, media & telecom. Carlyle’s prior U.S. buyout fund raised $13 billion. PRESS RELEASE The Carlyle Group Raises $18.5 Billion for U.S. Buyout Fund, Largest Fund in Firm History
 
·         Exceeds $15 Billion Target; 42% Larger than Previous Fund; Hits Hard Cap
·         Carlyle, Its Employees and Other Professionals Commit $1 Billion to the Fund
·         Primarily Invests in U.S. Corporate Buyouts and Strategic Minority Investments Across Five Industries
 
WASHINGTON, DC – Global alternative asset manager The Carlyle Group(NASDAQ:CG) today announced the final close of Carlyle Partners VII, an $18.5 billion
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Hippocrates Ventures launches inaugural digital therapeutics fund

Hippocrates Ventures is planning a launching a debut venture fund with a minimum of $10 million. The fund will focus on digital therapeutics. Its investors consists of 250 doctors. PRESS RELEASE NEW YORK (PRWEB) JULY 26, 2018 Hippocrates Ventures (http://www.hippocratesvc.com) has launched the world’s first physician funded social impact digital therapeutics venture capital fund which plans to be a minimum fund of $10 million consisting of 250 physician investors focused on improving healthcare through technology. Digital therapeutics, also known as software as a drug, is the concept of a digital program having a clinical and repeatable outcome to either prevent or treat disease. Hippocrates believes that digital therapeutics has the potential to prevent and treat major conditions such as diabetes, heart disease, obesity, smoking cessation, alcoholism, stroke, cancer prevention, stress, mental health conditions, and a variety of other diseases. The global digital therapeutics market is anticipated to reach
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Twin Brook raises more than $2 billion for new lending fund: Reuters

(Reuters) – Twin Brook Capital Partners has raised more than $2 billion in a first close of its latest direct lending fund, a person familiar with the matter said on Wednesday. U.S. alternative lenders like Twin Brook have been on the rise since the 2008 financial crisis, when regulation curtailed lending activity by major banks at the smaller end of the market. As with prior incarnations, Twin Brook’s AG Direct Lending Fund III will lend to lower mid-market companies, which have between $3 million and $50 million in earnings before interest, taxes, depreciation and amortization (EBITDA). These companies are also primarily owned by private equity firms. Chicago-based Twin Brook has raised two prior direct lending funds, the first attracting $850 million and the second closing on $2.3 billion. A spokeswoman for Twin Brook declined to comment.  

Greycroft Partners raises $250 mln fifth venture fund

Greycroft Partners has raised a $250 million fifth venture fund, according to regulatory paperwork. The New York-based firm is led by Dana Settle, Ian Sigalow, Matthew Parker, Mark Terbeek, and John Elton. Firm founder and managing director Alan Patricof is not listed on the filing. A firm spokesperson said the exclusion was a mistake and that the firm would file an amendment. The firm invests in a range of internet and mobile companies through Series A and growth stage investments, according to its website. The filing lists 112 investors. This story has been updated with information from a Greycroft Partners spokesperson.  

Energy buyout firm Tailwater raises $1 billion for latest fund: Reuters

Tailwater Capital, a private equity firm focused on the energy sector, said on Tuesday it raised $1 billion for its latest fund in a bet on the demand for oil pipelines in North America. The fundraising underscores how private equity firms are looking to invest in pipeline assets amid undercapacity that has stranded crude oil in areas like the Permian basin in Texas and New Mexico. Unconventional drilling techniques have allowed oil companies to tap previously inaccessible shale reservoirs. The likes of Blackstone Group LP and BlackRock Inc have also invested in oil pipelines in recent years. [nL4N1KM66D] “It’s just a general rule of thumb but for every $1 of capital that has the opportunity of drilling an oil and gas well, there’s probably 30 cents of midstream capital that’s required,” Tailwater co-founder Edward Herring said in an interview. Firms like Dallas-based Tailwater invest in companies which provide oil
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SRI Capital to raise $100 mln early-stage venture-capital fund

SRI Capital said it is raising a $100 million maiden early-stage venture-capital fund focused on tech companies in the United States and India. The fund is to be anchored by a $20 million commitment from the family office of Sashi Reddi, a managing partner at SRI. Other capital is to be raised primarily from U.S. and European investors. A press release follows:   SRI Capital Announces $100M Early Stage US-India VC Fund, Brings Reach and Skillset not Available with Most US and Indian VCs July 12, 2018 04:00 PM Eastern Daylight Time – PHILADELPHIA & HYDERABAD, India–(BUSINESS WIRE)–SRI Capital (SRI), an early stage venture capital firm focused on funding innovative startups primarily in the US and in India, today announced the launch of its maiden $100M early stage VC fund focused on tech opportunities in the US and India. Anchored by a $20M commitment from the family office of
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