Tech-focused venture capital firm Inovia Capital has collected $334m for its first continuity fund from fellow buyout houses BlackRock, HarbourVest Partners, Northleaf Capital Partners, Hollyport Capital and Kensington Capital Partners.
Private equity major HIG Capital has paid almost $20m to settle a lawsuit claiming its mental health company portfolio business South Bay fraudulently billed Medicaid for services provided by unlicensed, unqualified, and improperly supervised staff.
Rothschild & Co. has held a €1.4bn final closing for its third European direct lending fund. The raise means the firm has hauled in more than €2bn of new capital in four months, including closing two private equity funds in June.
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