United States
Petershill IV closes on USD 5bn
Petershill Partners is operated by Goldman Sachs Asset Management and buys minority stakes in GPs
Mizuho acquires placement agent Capstone
US investment bank intends to strengthen its service offering for financial sponsors
Nordic Capital invests in PE-backed RLDatix
Existing investors TA Associates and Five Arrows will retain their majority stake in the business
Adams Street closes 2021 Global Fund on USD 832m
Adams Street's predecessor fund-of-funds held a final close in December 2020 on USD 823m
Blackstone registers ninth fund
Previous flagship fund, Blackstone Capital Partners VIII, held a final close in September 2019 on USD 26bn
Advent Tech II closes on USD 4bn
Predecessor fund in Advent's technology-focused strategy held a final close in 2019 on USD 2bn
Inflexion reaps 6x on Halo trade sale
Inflexion accrues a 53% IRR from the sale of the network components manufacturer
SVPGlobal closes SVSS V at USD 5bn hard-cap
SVSS V closes three months following its first close, and exceeds its USD 2.85bn predecessor
TA buys Smiths Medical from parent Smiths Group
Deal gives the medical subsidiary a USD 2.3bn enterprise value
Baird Capital holds final close for second Global Fund
Vehicle will continue to back founder-led UK, US and Asian SMEs via buyout and growth deals
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
Triago bolsters secondaries team with two NYC hires
Michael T Pilson and Marc Fitorre join as partner and principal, respectively
Pollen Street Capital IV raises £560m, close to surpass target
PSC IV invests in lower-mid-market companies across the financial and business services industries
TA Associates closes TA XIV fund on $12.5bn
Firm also closes its second-generation re-investment fund, TA Select Opportunities Fund II, on $1.5bn
Arcano Impact Private Equity Fund raises €200m
AIPEF targets investments with a focus on social and environmental impact
Raymond James buys Cebile Capital
With the addition of Cebile to its investment banking division, Raymond James expects to further expand its service offering
Bain Capital Ventures Fund 2021 raises $1.3bn
Fund intends to focus on digital commerce, fintech, digital healthcare and cloud infrastructure
Merieux Participations 4 holds €300m first close
MP4 provides equity tickets of €20-80m, with a sweet spot of €40-45m, targeting the health and nutrition sector
Itago exits Altanova to Esco
With this exit, NEIP III reaps a return of 4.5x on its initial investment
Neuberger Berman launches ELTIF
Fund focuses on buyout opportunities blended with some growth and structured equity
Top Tier Capital closes European fund on €260m
Fund makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies
Eurazeo sells 49% stake in Trader Interactive in $1.6bn deal
With this sale, Eurazeo reaps a 1.5x return on its initial investment, made in 2017 alongside Goldman Sachs
Abingworth Clinical Co-Development Fund 2 closes on $582m
ACCD 2 finances the development of late-stage clinical programmes of pharmaceutical and biotechnology companies
Park Square Capital Partners IV closes on €1.8bn
Fund invests in primary and secondary subordinated debt in both performing credit and dislocated debt