Sierra Ventures raises $215 mln for twelfth fund


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Sierra Ventures, an early-stage tech venture firm, has closed its twelfth fund at $215 million. The fund’s limited partners include best endowments, pension funds and corporations.

PRESS RELEASE

SAN MATEO, Calif., July 18, 2019 /PRNewswire/ — Sierra Ventures, an early-stage technology focused venture capital firm, announced today that they have closed their twelfth investment fund, raising $215 million. This fund was oversubscribed and the prior fund’s institutional investors increased their commitment to the new fund.

“We are very appreciative of the continued support we have received in Sierra XII from our existing investors, as well as excited to add some leading Limited Partners in this fund. We are proud to have some of the best endowments, pension funds and corporations from across the world on our roster,” said Sierra Ventures Managing Director Mark Fernandes.

Similar to Funds X and XI, Sierra Ventures Fund XII will be managed by

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Blackstone Infrastructure Partners wraps up fund at $14 bln


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Blackstone Infrastructure Partners has closed its inaugural fund at $14 billion. BIP targets all infrastructure sectors, including transportation, energy, communications and water and waste. The fund’s investors include public and private pension plans, sovereign wealth funds, insurance companies, foundations and family offices. BIP was launched in 2017 with a $20 billion anchor commitment from the Public Investment Fund of Saudi Arabia.

PRESS RELEASE

New York, NY, July 18, 2019 – Blackstone (NYSE: BX) today announced that it has held the final close of its inaugural fundraising phase for Blackstone Infrastructure Partners (BIP). Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion.

BIP is a permanent capital vehicle focused on investing across all infrastructure sectors, including transportation, energy (utilities, midstream and renewables), communications and water and waste. Investors in BIP include a diverse mix of public and private pension plans, sovereign wealth funds, insurance companies,

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CVC Strategic Opportunities II raises 4.6 bln euros


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


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CVC Capital Partners said July 18 that it closed its latest strategic opportunities fund on 4.6 billion euros ($5.16 billion). The target for CVC Strategic Opportunities II was 4 billion euros ($4.48 billion). SO II invests in opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. CVC Strategic Opportunities I collected 3.9 billion euros.

PRESS RELEASE

Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

18 July 2019

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds,

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CVC Strategic Opportunities II raises 4.6 bln euros


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


Click here to view on the original site: Original Post




CVC Capital Partners said July 18 that it closed its latest strategic opportunities fund on 4.6 billion euros ($5.16 billion). The target for CVC Strategic Opportunities II was 4 billion euros ($4.48 billion). SO II invests in opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. CVC Strategic Opportunities I collected 3.9 billion euros.

PRESS RELEASE

Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

18 July 2019

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds,

Continue reading “CVC Strategic Opportunities II raises 4.6 bln euros”

Green Bay Ventures raises $46.1 mln toward growth fund


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


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Green Bay Ventures has raised $46.1 million toward a growth fund, according to a filing with the SEC.

The firm is founded by Dick Kramlich, co-founder of New Enterprise Associates, and Anthony Schiller.

The new fund, Green Bay Ventures Growth, does not list a target size. Twenty-two LPs committed capital.

The filing is available here.

 

Blackstone’s Strategic Partners racks up $11.1 bln for eighth secondary fund


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


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Strategic Partners, Blackstone’s secondary private equity platform, closed its eighth fund on more than $11.1 billion.

Strategic Partners VIII L.P.’s investors include pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices and high-net worth individuals from over 30 countries.

In January 2017, Strategic Partners closed its seventh fund on $7.5 billion, generating an IRR since inception of 53.80 percent as of September 30, according to California State Teachers’ Retirement System.

Strategic Partners has raised over $43 billion since 2000, Blackstone said.

 

Vida Ventures raised $537 mln toward a second fund


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


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Vida Ventures, a Boston, Massachusetts-based life sciences-focused venture firm raised $537 million toward its second fund, according to a regulatory document.  The filing says that Vida Ventures is seeking $600 million and 109 LPs already committed to the fund.

The firm’s first $295 million fund was announced in April 2018.

WILsquare Capital raises $190 mln for second fund


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St. Louis-based WILsquare Capital, a private equity firm focused on acquiring lower-middle market businesses in the Midwest and Southern U.S., closed its oversubscribed second fund at $190 million, beating its $150 million target. The fund’s investors included endowments, foundations, fund of funds and family offices. Winston & Strawn LLP provided legal counsel to WILsquare Capital on the fund.

PRESS RELEASE

ST. LOUIS–(BUSINESS WIRE)–WILsquare Capital, a lower-middle market private equity firm, announced today that it held a final close on WILsquare Capital Partners Fund II, L.P. at $190 million. The fund’s $150 million target was significantly oversubscribed within three months of fundraising.

Managing Partner Bill Willhite commented, “We are pleased with the quick response received from investors, which we believe is indicative of the quality investments and strategies deployed since we began WILsquare Capital. Fund II received significant support from existing Fund I investors and includes a substantial

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Research Bridge Partners launch seed fund


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Research Bridge Partners has launched a seed fund that will invest in university spinouts. The target was not specified.

PRESS RELEASE

AUSTIN, Texas, July 16, 2019 /PRNewswire/ — Research Bridge Partners—a not-for-profit that enhances the societal and economic returns on America’s investment in research universities by bridging mid-continent university innovators and commercialization resources nationally—has launched a program-related investment (PRI) seed fund to invest in promising university spinouts.

Over the past five years, 75 percent of federal research funding has gone to institutions outside of California, Massachusetts and New York, while nearly 80 percent of venture investment went to companies located in those three states.

“Silicon Valley’s unique capabilities and culture are a powerful engine for new company creation and scaling, but it’s essential that the benefits of that engine not accrue only a handful of zip codes. That’s why I’m excited to work with Research Bridge Partners to enable researchers

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Moxxie Ventures is seeking $25 mln towards maiden fund


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


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Moxxie Ventures, a firm based in Mountain View, California, is seeking $25 million towards its first fund, according to a filing with the SEC. First sale was not reported.

The fund is run by Katie Jacobs Stanton, who is also a founding partner at #Angels, an investment collective whose mission is to have more women investing in successful startups. Previously, Stanton was a vice president of global media at Twitter.

RA Capital raises a $308 million venture-capital fund


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


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RA Capital Management said it has raised a venture-capital fund of $308 million to target life sciences investing, according to a filing with the SEC.

The Boston-based firm said the new fund boosts private company deal capacity to about $1 billion and lifts assets under management to about $2.5 billion.

The RA Capital Nexus Fund will allow the firm to take larger positions in top investments and is expected to invest alongside RA Capital Healthcare Fund.

Investments span companies in early discovery to late clinical trials in areas such as neurology, rare disorders, oncology and cardiovascular disease. The firm also has an incubator with 19 programs in discovery and early development.

The firm includes Portfolio Managers Peter Kolchinsky and Raj Shah, and Co-Heads of Venture Josh Resnick and Andrew Levin.

The filing is available here.

 

Bow River closes software growth equity fund at $160 mn


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


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Bow River Capital has raised $160 million for its software growth equity fund. The fund will seek to make equity investments between $5 million and $15 million. Perkins Coie LLP provided fund formation counsel.

PRESS RELEASE

DENVER, July 15, 2019 /PRNewswire/ — Bow River Capital (“Bow River”), announces the closing of its Bow River Capital 2019 Software Growth Equity Fund above its target and was oversubscribed. The strategy of the fund will provide first institutional capital and closely partner with management teams to drive transformational market positioning and growth in two core industry verticals: Software as a Service (SaaS) and technology-enabled business information services.
Bow River received strong support from numerous seasoned industry executives, CEOs, and technology founders who invested in the fund, along with its loyal investor base. The team of investment professionals has deep domain expertise scaling software companies, and will seek to make equity investments between $5

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Palladium closes $1.56 bln for fifth fund


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


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New York City-based Palladium Equity Partners LLC, a middle-market private equity firm, has raised $1.56 billion for its fifth fund.

Palladium Equity Partners V LP’s investors include corporate and public pension plans, family offices, funds of funds and insurance companies. Simpson Thacher advised Palladium in PEP V’s formation and fundraising.

So far, the fund has made undisclosed investments in three companies: Spice World, a supplier of garlic and other spices under the Spice World brand; Kymera International, a global specialty materials company; and Quirch Foods, a distributor and exporter of protein and U.S.-based Hispanic food products.

In April 2014, Palladium closed its fourth fund at $1.14 billion, generating an IRR of 15.30 percent, according to the California State Teachers’ Retirement System, as of Sept. 30, 2018.

Founded in 1997, Palladium is currently managing more than $3 billion in assets.