AltAssets Private Equity News

China-focused venture capital firm Sky9 Capital has hit a $200m final close for its third vehicle targeting the internet, enterprise, and deep technology sectors.

Global private equity dealmaking value continued a steady three-month decline in March to record its worst result of the last 12 months.

US private equity house Veronis Suhler Stevenson has exited recruitment marketing software business TMP Worldwide to Gemspring Capital after more than a decade in its portfolio.

Bain Capital looks to have scored a strong exit of construction management software business Viewpoint through a $1.2bn sale to trade buyer Trimble.

Canadian institutional investor the British Columbia Investment Management Corporation has teamed with AEA Investors to pick up Golden Gate Capital portfolio company Springs Window Fashions.

The Chicago Laborers' Annuity & Benefit Fund has backed new fundraises from Palladium Equity Partners and Levine Leichtman Capital Partners as part of its private equity strategy.

Formation 8 co-founder Joe Lonsdale has reportedly hit a final close for the second fund from his new firm 8VC.

Mid-market New York private equity house Tailwind Capital has named long-serving exec David Gorton as its latest partner amid a string of hires and promotions.

Lloyds Bank private equity arm LDC has backed the £22.5m management buyout of European photo-chemical etching company Precision Micro from global aerospace, defence and energy group Meggitt.

European private equity major Ardian has agreed to sell its stake in London Luton Airport to AMP Capital after helping passenger numbers surge over the course of its five-year holding.