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PE funds raised in pandemic increasingly target TMT opportunities
GPs' origination preferences and 2020 investment volume have already shown a clear shift to technology investments, with new fundraises following suit
Livingbridge reaches £1.2bn mark for seventh fund
Partner Fiona Dane recaps the fundraising effort, which is double the size of its predecessor, with Harriet Matthews
Eurazeo launches PME IV Fund
Eurazeo's PME arm deploys equity tickets of €20-100m, focusing on French mid-market businesses with EV of €50-200m
Taaleri prepares bioindustry-focused fund launch
Fund will typically invest тЌ5-25m and will look at both majority and minority situations
EQT sells StormGeo to Alfa Laval in €363m deal
Deal gives the company an enterprise value of NOK 3.6bn (тЌ363m), which is 17.7x its 2020 EBITDA
Investec provides ESG-linked NAV facility for Bluewater
Facility is related to the portfolio of Bluewater Energy Fund I, which closed in 2013 on $861m
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
Airbridge Investments contemplates new fundraise
Fund could tap family offices and wealthy individuals, while the VC's founders have so far invested their own capital
YielCo holds closes for PE and co-investment funds
YielCo Special Situations Europe II is targeting тЌ300m; YielCo Defensive Investments targets тЌ150m
Andera Partners lines up DACH expansion plans
Starting with BioDiscovery 6, the GP intends to accelerate fundraising and deal-making in the region
Xenon closes small-cap fund on €85m
Xenon Small Cap Fund is dedicated to investments in Italian companies generating EBITDA of up to €3m
European PE exits back to historic highs in Q1
Greater visibility on the pandemic's impact, attractive comparables and PE's strong appetite on the buy-side embolden managers
Gyrus holds close for Gyrus Investment Program
Program comprises Gyrus Principal Fund and its co-investment Cortex fund; it has a тЌ400m hard-cap
GP Profile: Quadrivio plots busy investment schedule for 2021
Quadrivio co-founding partner and CEO Walter Ricciotti discusses the firm's latest fundraises, portfolio performance and upcoming investment pipeline
Fundraising fortunes: prevailing LP preferences persist
Alessia Argentieri looks at the winning strategies, and gathers insight from placement specialists as to what the rest of 2021 has in store
FlyCap targets €25-35m for mezzanine fund
Latvian government's development finance institution Altum commits around 60% of the fund
Endeit Capital holds final close for third fund on €250m
Fund II closed on тЌ125m in 2016; Fund III will continue to invest scale-up capital in European startups
Appetite for DACH tech deals continues apace in Q1
Sponsor demand for differentiated IT services and roll-up strategies remains consistent
LeadBlock plans €100m second close for blockchain fund
Fund held a first close on тЌ10m in March this year and will invest at the seed and series-A stages
LP Profile: PFR increasingly eyeing funds outside Poland
Polish LP has invested €75m in four private equity firms in recent months, including Apax Partners, PAI Partners and Avallon MBO
DevCo acquires minority stake in Bluefors
GP is deploying equity from DevCo Partners III, which raised тЌ180m at the end of 2019
DACH buyouts continue recovery from Q2 2020 low
Both deal volume and value are now back on par with the figures for Q4 2019, prior to the pandemic
Endeavour Vision closes Medtech Growth II on $375m
Fund is 30% larger than its predecessor and will continue to focus on medtech growth investments
Primo Digital Fund launches with €80m target
Fund has a special focus on the e-commerce, software, cybersecurity, fintech and blockchain sectors