Moonrise Capital raises $105.7 mln for venture-capital fund


This post is by Mark Boslet from Pe Hub Blog: Firms & Funds


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Moonrise Capital has raised $105.7 million toward a China-focused venture-capital fund, according to a filing with the SEC.

The fund – Moonrise China Partners I – has a target of $125 million. Twenty-seven LPs contributed capital

The firm was founded by Donald Pascal, formerly CEO of Commonfund Capital.

The filing is available here.

 

 

KKR raising first Asia real estate fund, targeting $1.5 billion: Reuters


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HONG KONG (Reuters) – Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter.

The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential.

The firm itself will commit about $250 million in capital, and potential investors – also known as limited partners – include sovereign funds and pension funds, they said.

KKR declined to comment.

The fundraising comes as private equity firms globally have expanded from a model of buying out companies to turn around and sell for profit. They now invest through a range of alternative asset management products, including infrastructure, real estate, hedge funds and credit.

Investment firms raised

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Founders Circle Capital is raising a second opportunities fund


This post is by Marina Temkin from Pe Hub Blog: Firms & Funds


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Founders Circle Capital, a San Francisco, CA firm that buys secondary deals in late-stage companies, is raising a second opportunities fund according to a document with the SEC. The total offering size listed on the filing is indefinite. First sale was not yet reported.

The firm previously has raised $403 million across two funds. Founders Circle has invested in startups like the Dollar Shave Club, Twilio and AppDynamics by purchasing stock from founders and employees of these companies.

Starbucks to invest $100 mln in Valor Equity Partners fund


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Starbucks Corp said March 20 that it is investing $100 million in a fund from Valor Equity Partners. Valor Siren Ventures I LP, which is looking to raise another $300 million, will identify and invest in companies who are developing technologies, products, and solutions relating to food or retail.

PRESS RELEASE

Starbucks Celebrates Year of Transformation as ceo Kevin Johnson Sets Vision for Building an Enduring Company at 2019 Annual Meeting of Shareholders

  • In the largest shareholder meeting in company history, Starbucks celebrates transformative year in fiscal 2018, highlighted by double digit growth in topline revenue of $24.7 billion, up 10% over the prior year; reaffirms ongoing growth algorithm of consolidated revenue growth of 7% to 9% and non-GAAP earnings per share growth of at least 10%.
  • Company unveils plans to modernize the Starbucks Experience with a focus on three key attributes: convenience, comfort and connection.
  • Announced $100 million

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HarbourVest Partners invests in Corsair Infrastructure funds


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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HarbourVest Partners has invested in three funds managed by Corsair Infrastructure Partners, the infrastructure business of Corsair Capital. The three funds focus on aviation, port, and road sectors. Corsair Infrastructure earlier this year acquired shareholder stakes in three platform companies: Vantage Airport Group, DP World Australia and Itínere Infraestructuras.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Corsair Infrastructure Partners (“CIP”), the global infrastructure investment business of Corsair Capital (“Corsair”), today announced that HarbourVest Partners (“HarbourVest”), a leading institutional investor active across multiple asset classes and geographies, has invested in three new CIP-managed funds established to deploy capital in the aviation, port, and road sectors.

Earlier this year, CIP’s new funds closed on the acquisitions of shareholdings in three platform companies – the airport developer Vantage Airport Group, the Australian stevedore DP World Australia, and the Spanish toll-road operator Itínere Infraestructuras – from various selling shareholders including Gateway Infrastructure Investments, a legacy

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Ardian Infrastructure Fund V raises 6.1 bln euros


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Ardian said March 20 that its latest infrastructure fund closed on 6.1 billion euros ($6.9 billion). Ardian Infrastructure Fund V, which raised the pool in six months, will focus on transport (rail, road and airports), energy (gas, electricity and renewable energy) and other public infrastructure assets (health and environmental).

PRESS RELEASE

ARDIAN INFRASTRUCTURE CLOSES ITS FIFTH GENERATION FUND AT €6.1BN

         

  • The fund, which is the largest ever infrastructure fund raised targeting Europe, cements Ardian Infrastructure’s position as an industry leader with $15 billion in assets under management

 

  • The fund will upgrade and digitize essential infrastructure assets across Europe, focusing on transport, energy and other public infrastructure assets


Paris, 20 March 2019.
 Ardian, a world leading private investment house, today announces it has raised €6.1 billion for its latest infrastructure fund, Ardian Infrastructure Fund V, in less than six months. The Ardian Infrastructure team now

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Tower Arch hits $450 mln hard cap on Fund II


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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Tower Arch Capital held a final close on its second fund on $450 million, reaching its hard cap. Tower Arch Partners II investors include current and former management team members, foundations, diversified financial institutions, endowments and family offices. Shannon Advisors worked as placement agent.

Press Release

Tower Arch Capital, LP (“Tower Arch Capital”) a Salt Lake City, UT-based investment firm, is pleased to announce the closing of Tower Arch Partners II, LP and its parallel investment entity (collectively,”Fund II”) with $450 million of capital commitments. Fund II closed at its hard cap and was substantially oversubscribed.

The fund’s investors include current and former management team members, foundations, diversified financial institutions, university endowments, and family investment offices. Tower Arch Capital professionals are significant investors personally and remain collectively one of the largest investors across Fund I and Fund II, driving alignment between the firm and its limited partner base.

“We are

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Tower Arch hits $450 mln hard cap on Fund II


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Tower Arch Capital held a final close on its second fund on $450 million, reaching its hard cap. Tower Arch Partners II investors include current and former management team members, foundations, diversified financial institutions, endowments and family offices. Shannon Advisors worked as placement agent.

Press Release

Tower Arch Capital, LP (“Tower Arch Capital”) a Salt Lake City, UT-based investment firm, is pleased to announce the closing of Tower Arch Partners II, LP and its parallel investment entity (collectively,”Fund II”) with $450 million of capital commitments. Fund II closed at its hard cap and was substantially oversubscribed.

The fund’s investors include current and former management team members, foundations, diversified financial institutions, university endowments, and family investment offices. Tower Arch Capital professionals are significant investors personally and remain collectively one of the largest investors across Fund I and Fund II, driving alignment between the firm and its limited partner base.

“We are

Continue reading “Tower Arch hits $450 mln hard cap on Fund II”

CDPQ launches $250 mln fund dedicated to AI


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Caisse de dépôt et placement du Québec said March 18 that it has created a fund dedicated to Québec businesses with a track record in artificial intelligence. CDPQ has funded the pool with a $250 million envelop.

PRESS RELEASE

Creation of a $250-million fund dedicated to AI
MONTRÉAL, March 18, 2019 /CNW Telbec/ – Caisse de dépôt et placement du Québec (CDPQ) has announced the creation of a fund dedicated to Québec businesses with a proven track record in artificial intelligence. Funded with a $250-million envelope, the CDPQ–AI Fund aims to ramp up growth in businesses whose product offerings are based on the development of AI, and to accelerate the commercialization of artificial intelligence solutions.
“Since Montréal is emerging as a global beacon of excellence in artificial intelligence, we need to enhance our offering and ramp up the financial and development support we provide AI businesses through the various stages

Continue reading “CDPQ launches $250 mln fund dedicated to AI”

Israel Infrastructure Partners launches $350 mln Fund I


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Israel Infrastructure Partners said March 18 it has launched its $350 million debut fund, IIP I. IIP, of Tel Aviv, invests in sectors including defense, communications, energy, power & renewables, transportation, utilities and water.

PRESS RELEASE

TEL AVIV, Israel–(BUSINESS WIRE)–Israel Infrastructure Partners (IIP), a private equity firm focused entirely on infrastructure investments in Israel, is launching its $350 million debut fund, IIP I.
Established to facilitate foreign investments in Israel, IIP seeks to invest in businesses comprised of hard assets with leading market positions in the core segments of infrastructure such as, defense, communications, energy, power & renewables, transportation, utilities and water.
IIP combines specialist industry experience and best practice management to achieve superior risk-adjusted returns. “Our goal is to achieve returns through the investment and operational improvement of infrastructure assets, which are important to the functioning of Israel’s economy. We look to use these investments to generate current income

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Accel raises $1.25 bln for two funds, targets $1.5 bln for growth fund


This post is by Mark Boslet from Pe Hub Blog: Firms & Funds


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Accel Partners has raised $1.25 billion for two new funds, including a fourteenth core fund, and is targeting $1.5 billion more for a growth fund, according to filings with the SEC.

The Silicon Valley firm raised $525 million for Accel XIV, according to one filing. The capital came from 150 LPs.

Accel raised an additional $500 million for its Accel Leaders Fund II. Commitments came from 167 investors.

At the same time, the firm is targeting $1.5 billion for Accel Growth Fund V, according to a third filing.

The filings are available here and here and here.

 

Schumacher officially launches 55 Catalyst Capital


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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Jeff Schumacher, founder and ex-head of BCG Digital Ventures, has launched 55 Catalyst Capital. He is joined by Juan Bruce, former managing partner of Ænigma Capital, and Jason Nolte, former venture partner at GM Ventures, in leading the firm. 55 Catalyst will focus on decentralized technology and digital assets.

PRESS RELEASE

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–Jeff Schumacher, founder and former head of BCG Digital Ventures, announced today that he has left the corporate innovation and incubation firm to launch 55 Catalyst Capital, where he will focus entirely on decentralization and next generation internet infrastructure that will create new economies.
As an early innovator and investor in blockchain and cryptographic technology, Jeff holds the view that decentralized technology will transform every industry as the internet did in previous decades.
“Decentralized technology is about much more than cryptocurrency and blockchain,” said Schumacher. “This is the next

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Keensight Capital racks up 1 bln euros for fifth growth buyout fund


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


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Keensight Capital has closed its fifth pan-European growth buyout fund at a hard cap of 1 billion euros, beating its target of 750 million euros. The fund’s limited partners include asset managers, pension funds, insurance companies, banks and sovereign wealth funds as well as former portfolio company CEOs and family offices. Park Hill was the placement agent.

PRESS RELEASE

Keensight Capital, one of the leading private equity managers dedicated to pan-European Growth Buyout[1] investments, announces the first and final closing of its new fund, Keensight V, at the €1 billion hard cap, exceeding the fund target of €750 million.

The fund was substantially oversubscribed with strong support from existing LPs, as well as new investors from Europe, North America, the Middle East and Asia. The globally diverse LP base for Keensight V comprises c. 90% of subscriptions from institutional investors (asset managers, pension funds, insurance companies, banks and sovereign wealth

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