Lumia Capital seeks second fund


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Lumia Capital, a San Francisco, California-based expansion-stage venture firm, is raising a second fund, according to a filing with the SEC. First sale was not reported and fund target was not set.

The firm invests in internet and software companies with a focus on SaaS, mobile, cloud computing, infrastructure, and big data. It typically writes checks between $3 million and $30 million, backing companies with greater than $10 million in annual revenue.

Lightspeed Venture Partners raises $2.11 bln of new capital


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


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Lightspeed Venture Partners has raised $2.11 billion of new capital, according to a filling with the SEC.

The capital includes $752 million for Lightspeed Venture Partners XII and $1,362 million for Lightspeed Venture Partners Select III, the filing shows. The funds attracted commitments from 148 limited partners.

The filing is available here.

 

 

 

Hamilton Lane Co-Investment Fund IV raises $1.7 bln


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


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Hamilton Lane said June 24 that its latest co-investment fund closed on about $1.7 billion. Hamilton Lane Co-Investment Fund IV will provide direct equity capital into buyout and growth transactions alongside GPs.

PRESS RELEASE

Hamilton Lane Closes Latest Co-Investment Fund above Target

The firm’s fourth co-investment fund is the largest to-date, with approximately $1.7B in total commitments from investors around the world

Bala Cynwyd, Penn. – June 24, 2019 – Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Co-Investment Fund IV (“the Fund”). The Fund closed above its target, with approximately $1.7B in total commitments from a wide range of global investors including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions.

This fund represents the fourth dedicated vehicle of its kind and is a key component of Hamilton Lane’s co-investment activity globally. The Fund’s strategy

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Khosla Ventures raises pair of alternative investment vehicles


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


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Khosla Ventures has raised a pair of alternative investment vehicles to accompany its 2018 sixth fund, according to filings with the SEC.

Khosla Ventures VI (AIV) raised $50 million from 45 LPs, according to one filing.

Khosla Ventures VI (AIV) Holding raised $20 million.

The filings are available here and here.

 

Houston-based Mercury Fund raises more than $82 mln, seeks $125 mln


This post is by Alastair Goldfisher from Pe Hub Blog: Firms & Funds


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Houston, Texas-based Mercury Fund has raised $82.25 million of a $125 million targeted fourth fund, Mercury Fund Ventures IV, according to a regulatory filing. The fund is the firm’s largest to date, having closed on $105 million in 2014. The commitments to date have come from 85 investors, according to the filing.

The firm was previously called DFJ Mercury and was part of the DFJ affiliate network, but dropped that branding in 2012. Mercury Fund is led by Managing Directors Adrian Fortino, M. Blair Garrou, Aziz A. Gilani and Daniel Watkins.

 

Houston-based Mercury Fund raises more than $82 mln, seeks $125 mln


This post is by Alastair Goldfisher from Pe Hub Blog: Firms & Funds


Click here to view on the original site: Original Post




Houston, Texas-based Mercury Fund has raised $82.25 million of a $125 million targeted fourth fund, Mercury Fund Ventures IV, according to a regulatory filing. The fund is the firm’s largest to date, having closed on $105 million in 2014. The commitments to date have come from 85 investors, according to the filing.

The firm was previously called DFJ Mercury and was part of the DFJ affiliate network, but dropped that branding in 2012. Mercury Fund is led by Managing Directors Adrian Fortino, M. Blair Garrou, Aziz A. Gilani and Daniel Watkins.

 

GP Bullhound Fund IV raises 113 mln euros


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


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GP Bullhound Fund IV has closed on 113 million euros ($127.7 million). GP Bullhound focuses on growth stage businesses in the software, entertainment, marketplaces and fintech sectors.

 

PRESS RELEASE

GP Bullhound Fund IV holds final close at EUR113m

GP Bullhound Fund IV holds its final close at EUR113 million, continuing its successful strategy of investing in some of the best technology entrepreneurs, with a focus on growth stage businesses in the Software, Entertainment, Marketplaces and Fintech sectors. Recent investments include Slack, Klarna, Tradeshift, Glovo and LendInvest.

In addition to independent deal sourcing, the fund benefits from a unique deal flow through GP Bullhound’s merchant bank organisation with 110 professionals across nine offices on three continents.

“We are passionate about backing great technology entrepreneurs and this oversubscribed final close allows us to commit more capital to the best of the best”, commented Per Roman, Co-Founder and Head of Asset Management at GP Bullhound,

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Star Mountain raises about $250 mln for third US direct lending fund


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


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Star Mountain Capital has raised about $250 million for its third U.S. lower middle-market, non-sponsor-focused direct lending fund, inclusive of separate accounts, a source said. Fund III is targeting $500 million. The third fund already has 11 direct loans closed with an active pipeline focused on $3 million to $20 million Ebitda size companies that are looking for strategic debt and equity capital.

Great North Labs wraps up maiden fund at $23.7 mln


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


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Great North Labs has closed its debut fund at $23.7 million. Great North Labs invests in tech startups based in the Upper Midwest.

PRESS RELEASE

St. Cloud, MN — Great North Labs closed its first fund with $23.7M in committed capital. Great North Labs is an early-stage venture fund focused on cultivating the next generation of tech startups across the Upper Midwest. The fund is based in St. Cloud and Minneapolis, Minnesota, with a partner located in Silicon Valley. This is one of the largest debut seed funds ever raised in the Midwest.

“We are very appreciative and humbled by the tremendous support shown for our debut fund by our limited partners,” said Great North Labs Managing Partner Rob Weber. “Our investors’ support shows not only their conviction for us as fund managers, but also their conviction to backing the next generation of startup founders across our region.

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Twin Brook’s latest direct lending fund raised more than $2.75 bln


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


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Twin Brook Capital Partners‘s latest direct lending fund closed on more than $2.75 billion. The target for AG Direct Lending Fund III was $2 billion. Twin Brook is the middle market direct lending subsidiary of Angelo, Gordon & Co LP.

PRESS RELEASE

NEW YORK & CHICAGO–(BUSINESS WIRE)–Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $33 billion alternative investment firm focused on credit and real estate investing, today announced that it has raised over $2.75 billion in equity commitments for AG Direct Lending Fund III (the “Fund”), exceeding the Fund’s $2 billion target and making this the Firm’s largest direct lending fund to date. The Fund is managed by Twin Brook Capital Partners (“Twin Brook”), Angelo Gordon’s middle market direct lending subsidiary.
Consistent with Twin Brook’s distinctive approach, the Fund will seek to capitalize on the long-term investment opportunities in middle market direct

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Tell Group is bidding for Abraaj funds: Bloomberg


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


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Tell Group SA, the investment firm founded by ex-UBS Group AG banker Yassine Bouhara, is offering to buy funds managed by collapsed Abraaj Group, Bloomberg is reporting. Tell is bidding $25 million to transfer the management of seven Abraaj funds to a new entity that would be 20 percent owned by Tell and 80 percent by Abraaj’s unsecured creditors, the story said.

Structure Capital to raise $50 mln venture fund


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


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Structure Capital has set out to raise a $50 million venture-capital fund, according to a filing with the SEC.

Structure Duomo did not report a first close. The firm invests in early-stage companies profiting from underutilized assets and excess capacity. Partners include Jillian Manus and Mike Walsh.

The filing is available here.