Cressey & Co funds raise $1.1 bln

Cressey & Co LP said June 18 that its latest flagship closed on $995 million while a related co-investment vehicle raised $105 million. The Cressey funds will invest in healthcare services and information technology businesses in the North American healthcare industry. The target for Cressey & Company Fund VI LP was $750 million. Kirkland & Ellis LLP served as legal counsel in the formation of Fund VI. PRESS RELEASE CHICAGO and NASHVILLE – June 18, 2018 – Cressey & Company LP (“Cressey & Company”), a healthcare-focused private investment firm, today announced the closing of Cressey & Company Fund VI, LP (“Fund VI”) on $995 million and a related co-investment vehicle on $105 million, bringing total new capital commitments to $1.1 billion. The new funds will continue Cressey & Company’s focus on investing in and building leading healthcare services and information technology businesses in the North American healthcare industry. “We
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PPM closes seventh co-investment fund at $648 mln

PPM America Capital Partners has closed its seventh private equity co-investment fund at $648 million. PPM American Private Equity Fund VII LP will focus on North American middle market buyout and growth opportunities. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–PPM America, Inc.’s private equity arm, PPM America Capital Partners (collectively “PPM”), today announced the closing of its seventh co-investment fund, PPM America Private Equity Fund VII LP, with a 159% increase in size from its predecessor fund. The newly closed Fund is a part of PPM’s long-standing private equity program which primarily focuses on North American middle market buyout and growth opportunities. PPM’s private finance team was established in 1991; by 1996, the team expanded and developed into separate asset class teams focused on private equity, private debt, bank loans, and structured finance. PPM America Capital Partners was formed in 2000 and today consists of 10 investment professionals led by President Bruce
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True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

True Ventures to raise $325 mln third select fund

True Ventures has set out to raise a $325 million third select fund, according to a filing with the SEC. The filing did not report a first close. The firm announced a $112 million second select fund in 2017 to make growth investments in its portfolio companies. The filing can be found here.  

Our Investment in Arthur Ventures

As we build out our Partner Fund portfolio, we look for opportunities to strengthen existing relationships in our ecosystem. We’ve known the Arthur Ventures team for several years and were thrilled to welcome them to the Foundry Group family earlier this year. Based in Minneapolis, Minnesota, Arthur Ventures invests in fast-growing, scalable, enterprise software companies outside of Silicon Valley. They’re often the first institutional investor for portfolio companies, writing a substantial initial check at Seed or Series A. We initially met the Arthur Ventures team through our co-investment in Leadpages. As we spent time getting to know them, we were impressed by their passion for partnering with incredible “Outside the Valley” founders and by their overall hustle. They are not afraid to fly all over North America to connect with great founders and their responsiveness is absolutely incredible They’re thoughtful about portfolio construction and are disciplined and data-driven in their Continue reading "Our Investment in Arthur Ventures"

More pros are going to family offices. Should you make the jump?

Family offices are becoming a preferred destination for many investment professionals, with several pros making the move these past months. “There was a time all investment guys wanted to go to hedge funds; now they want family offices,” said Michael Castine of Ridgeway Partners, an executive search and consulting firm. Among those who have made the move recently: APG Asset Management’s Megan Bethke joined Mousse Partners, the family office of Charles Heilbronn of Chanel. Ex-Goldman Sachs’ Richard Kim joined Mike Novogratz’s family office subsidiary Galaxy Digital. Melinda Barber left Harvard Management Company to join Pilot House Ventures, the family office of billionaire Amos Hostetter Jr. And Andrew Cantwell left Norwest Equity to start Carlson Private Capital, a family office for the Carlson family. Family offices are attractive for some key reasons. First, the investment professional does not have to raise money. There is a ready pool of funds to be invested
Continue reading "More pros are going to family offices. Should you make the jump?"

More pros are going to family offices. Should you make the jump?

Family offices are becoming a preferred destination for many investment professionals, with several pros making the move these past months. “There was a time all investment guys wanted to go to hedge funds; now they want family offices,” said Michael Castine of Ridgeway Partners, an executive search and consulting firm. Among those who have made the move recently: APG Asset Management’s Megan Bethke joined Mousse Partners, the family office of Charles Heilbronn of Chanel. Ex-Goldman Sachs’ Richard Kim joined Mike Novogratz’s family office subsidiary Galaxy Digital. Melinda Barber left Harvard Management Company to join Pilot House Ventures, the family office of billionaire Amos Hostetter Jr. And Andrew Cantwell left Norwest Equity to start Carlson Private Capital, a family office for the Carlson family. Family offices are attractive for some key reasons. First, the investment professional does not have to raise money. There is a ready pool of funds to be invested
Continue reading "More pros are going to family offices. Should you make the jump?"

More pros are going to family offices. Should you make the jump?

Family offices are becoming a preferred destination for many investment professionals, with several pros making the move these past months. “There was a time all investment guys wanted to go to hedge funds; now they want family offices,” said Michael Castine of Ridgeway Partners, an executive search and consulting firm. Among those who have made the move recently: APG Asset Management’s Megan Bethke joined Mousse Partners, the family office of Charles Heilbronn of Chanel. Ex-Goldman Sachs’ Richard Kim joined Mike Novogratz’s family office subsidiary Galaxy Digital. Melinda Barber left Harvard Management Company to join Pilot House Ventures, the family office of billionaire Amos Hostetter Jr. And Andrew Cantwell left Norwest Equity to start Carlson Private Capital, a family office for the Carlson family. Family offices are attractive for some key reasons. First, the investment professional does not have to raise money. There is a ready pool of funds to be invested
Continue reading "More pros are going to family offices. Should you make the jump?"