Wednesday, February 20, 2019

Fund news

Allianz bumps up VC fund size to €1bn

Allianz X, the VC arm of insurance giant Allianz has upped its fund size to €1bn after securing additional investment from the parent company.

Deal news

BlackRock, KKR in advanced talks over $4bn-$5bn investment in ADNOC pipeline

Private Equity majors BlackRock and KKR are reportedly in advance talks to invest between $4bn and $5bn in Abu Dhabi National Oil Co’s pipeline network.

People news

US private equity veteran Michael Calvey detained in Russia amid fraud...

Baring Vostok Capital Partners founder Michael Calvey is being held in detention in Moscow in connection with a fraud investigation involving one of the firm's portfolio companies.

Features

Why PE houses are increasingly selling stakes in themselves to investor...

The rising trend for private equity firms selling off non-controlling stakes to investor funds is gaining increased traction in Europe following a strong start in the US. PwC head of PE tax Mark Wardle, PE director Oliver Williams and PE solicitor Tim Sydor investigate the reasoning behind the upsurge.

LP News

Maryland commits $440m in latest alternative asset commitments

Maryland State Retirement & Pension System committed $440m across seven alternative asset funds in the fourth quarter of last year.

Knowledge Bank

Tech investments drive strong PE returns performance

A surge in the performance of tech investments was a key driver of US private equity returns across 2017 and 2018, new research from Cambridge Associates suggests.

Popular Articles

Allianz bumps up VC fund size to €1bn

Allianz X, the VC arm of insurance giant Allianz has upped its fund size to €1bn after securing additional investment from the parent company.

CORE Industrial Partners closes first fund on $230m

Chicago-based CORE Industrial Partners has raised $230m for the final close of its oversubscribed inaugural fundraise.

BlackRock, KKR in advanced talks over $4bn-$5bn investment in ADNOC pipeline

Private Equity majors BlackRock and KKR are reportedly in advance talks to invest between $4bn and $5bn in Abu Dhabi National Oil Co’s pipeline network.

Maryland commits $440m in latest alternative asset commitments

Maryland State Retirement & Pension System committed $440m across seven alternative asset funds in the fourth quarter of last year.

Montreal’s Inovia Capital pulls in $600m for fund pair, opens London office

Tech-focused Inovia Capital has raised $600m for its fourth early-stage fund and a new growth-stage vehicle.

Warburg considers CPP sale at up to $2bn valuation – report

Warburg Pincus is reportedly considering the sale of Consolidated Precision Products, which could value the aviation parts maker at more than $2bn.

Syntaxis Capital seals 30% IRR exiting Polish fire resistant glass maker to Baltisse

Central Europe-focused investment house Syntaxis Capital has scored a roughly 3x return selling Polish fire-resistant glass maker Polflam.

Atlas Merchant Capital, GIC buy into PE-backed savings plan giant Ascensus

An investor group including sovereign wealth fund GIC and Atlas Merchant Capital has agreed to buy almost 25 per cent of private equity-backed retirement and education savings services provider Ascensus.

Black Dragon Capital sells EnterWorks to VC-backed Winshuttle

Miami private equity house Black Dragon Capital has scored an exit of master data and product information management software business EnterWorks to VC-backed Winshuttle.

VC fund of funds specialist Darwin eyes up to $110m for new vehicle

Fund of funds-focused Darwin Venture Capital is eyeing up to $110m for what could become its biggest-ever fundraise.

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