Aldine Capital Partners has held a final closing of its third fund, Aldine Capital Fund III LP, with total capital of $240 million. The new fund was significantly oversubscribed and had an initial target of $200 million. Limited partners in Fund III include financial institutions, university endowments, fund of funds, family offices, and high net […]
Advent International has completed fundraising for Advent International GPE IX LP at its hard cap of $17.5 billion. The new fund was raised in only six months and exceeded its original target of $16 billion. Advent’s earlier fund, GPE VIII, closed at its hard cap of $13 billion in March 2016. GPE IX saw strong […]
Westcott LLC, the investment office of the Westcott family, has formed Westcott Investment Group, a new lower middle market private equity firm. Westcott Investment Group makes control equity investments and non-control growth capital investments from $3 million to $15 million in lower middle market companies that have EBITDA from $2 million to $12 million and […]
Diversis Capital Management has held a final closing of its inaugural fund, Diversis Capital Partners I LP, at its hard cap of $255 million. The new fund had an original target of $200 million and was raised in just six months. Investors in Fund I include endowments and foundations, investment advisers and fund-of-funds, public and […]
Cohere Capital, a new growth-focused private equity firm, has been launched in Boston by Nik Shah and Daniel Gedney. Cohere Capital makes majority or influential minority ownership investments across a range of industries but has a specific interest in majority stakes in profitable technology-enabled businesses and healthcare services companies. From 2007 to 2019, Mr. Shah […]
Chicago-based Granite Creek Capital Partners has announced today the closing of Granite Creek FlexCap II LP with $200 million of capital commitments. With the close of this fund, Granite Creek now has a total of over $400 million of assets under management. The new fund will invest from $10 million to $20 million per transaction […]
Grant Avenue Capital has been launched to pursue investments in mid-sized healthcare companies centered on themes of cost containment, custom solutions, consumerism and compliance. The New York City-based firm is led by Buddy Gumina, who most recently served as senior equity partner at Apax Partners. “Amidst the ever-evolving healthcare sector, we believe there are attractive […]
TA Associates has held a first, final, and hard cap closing of its thirteenth fund, TA XIII LP, with total capital commitments of $8.5 billion. TA began raising the new fund during the first quarter of 2019. TA XIII received commitments from a group of largely existing investors, including public pension plans, sovereign wealth funds, […]
TPG has closed TPG Tech Adjacencies LP (TTAD) with $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion. TTAD will target investments in the technology industry and will provide capital for founders, employees, and early investors looking for liquidity, as well as structured equity for companies looking for growth capital. “The firm […]
Enlightenment Capital has held a hard cap close of its third fund with $250 million in capital commitments. The fund’s original target was $200 million. Enlightenment Capital provides senior debt, mezzanine debt, and equity to middle market companies in the aerospace, defense, and government sectors. The firm was founded in 2012 and is headquartered in […]
