Funds
UI Investissements launches impact SME fund
New fund will invest tickets of EUR 3m-10m in companies with more than EUR 1m in cashflow
EQT sets EUR 20bn target size for EQT X
Flagship fund's target is EUR 5bn higher than its predecessor, which is currently around 75-80% invested
Blossom holds USD 432m final close for third fund
VC will continue its focus on Series A investing in Europe, backing sectors including cryptocurrency
S4Capital, Stanhope launch S4S Ventures fund
S4Capital and Stanhope Capital will act as GPs for the marketing and advertising technology fund
Verdane closes debut impact growth fund on EUR 300m
Verdane Idun I will deploy tickets in a sweet spot of EUR 10m-15m, making 20-25 deals in total
Petershill IV closes on USD 5bn
Petershill Partners is operated by Goldman Sachs Asset Management and buys minority stakes in GPs
Golding holds EUR 280m close for first secondaries fund
Fund will target small- and mid-cap LP stakes and GP-led secondaries, and has made 14 deals to date
TPG raises USD 835m in USD 9bn IPO
TPG sold 28.3 million shares, raising USD 835m at a valuation of USD 9bn
ArchiMed launches second mid-cap fund
Med Platform II will aim to make 8-12 investments in the mid-market, and will be larger than its EUR 1bn predecessor
Sprints Capital holds EUR 525m final close for Fund IV
Growth fund has made two deals to date, including refurbished electronics marketplace Back Market
Azulis closes MMF 6 on EUR 280m
MMF 6 is already 22% deployed, having invested in four companies in 2021
KKR closes USD 4bn healthcare fund
Health Care Strategic Growth Fund II is the successor to HCSG I, which closed in November 2017 on USD 1.45bn
TPG sets pricing for USD 9.5bn IPO
Private equity firm hopes to raise USD 877m by selling 28.3 million shares on the Nasdaq exchange
Evoco holds final close for third fund
Switzerland-headquartered GP acquires lower-mid-market companies via portfolio deals
Azalea holds USD 805m close for Altrium II
Vehicle is the second in Azalea Investment Management's PE fund-of-funds strategy
Permira closes second growth fund on USD 4bn
Luxembourg-registered Permira Growth Opportunities II has made four investments so far, all in the US
Norvestor registers two funds
Nordic-focused GP has registered flagship fund Norvestor IX, as well as Novestor SPV II
Korify launches debut VC fund with USD 100m target
Vehicle will back biotechnology companies focusing on mental illnesses and age-related diseases
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
Hayfin exceeds EUR 2bn target for Special Opportunities Fund III
Credit fund will target opportunities arising from post-pandemic dislocation
Pureos Bioventures to raise new fund in 2022
VC firm will likely start fundraising next year once its first fund is fully invested
Blackstone registers ninth fund
Previous flagship fund, Blackstone Capital Partners VIII, held a final close in September 2019 on USD 26bn
MVI closes MVI Fund II above target
MVI Advisors has held a final close for its second fund on SEK 1.1bn
DevCo raises EUR 260m for fourth fund
Like its predecessors, DevCo IV will back a single asset operating in a niche international market