Tag: fundraise

Machine Investment Group has increased the primary capital in its flagship real estate strategy by more than 40%, closing Machine Real Estate Fund II at its $350m hard cap.

HIG Capital has hired former Oaktree Capital Management and Schroders Capital executives Tim Hsu and Chris Todisco as managing directors in its Capital Formation Group, strengthening its fundraising operation as the $75bn alternatives manager continues to expand its global credit platform.

KKR has agreed to acquire a minority stake in Indian ticketing and entertainment platform BookMyShow, backing the company’s expansion in live events and experiences.

Reach Capital has closed its largest fund to date at $265m amid a further expansion beyond the education technology specialism on which the venture manager built its business.

Floating Point has raised $125m for its third fund, nearly doubling the size of its previous vehicle, as the early-stage investor looks to scale a strategy built around tech-enabled businesses operating in complex, capital-intensive sectors rather than traditional software.

Broadwing Capital has closed its inaugural institutional private equity fund on $440m, beating its $350m target, as the four-year-old manager looks to scale a lower mid-market buy-and-build strategy that has already produced 26 acquisitions.

Homestead Capital has held the first close of its debut commingled agriculture private credit fund, securing a $150m anchor commitment from a large US state pension system as it expands beyond the farmland equity strategy on which it built its $1.8bn investment platform.

Investment house Ninety One has closed its third Africa Credit Opportunities fund on $404m including leverage, almost doubling the capital raised across its emerging market senior credit strategy to $815m.

Great Hill Partners has hired former Bain & Company exec Sam Liu as director of AI, adding a second senior artificial intelligence specialist this year as the buyout major looks to embed the technology across both its investment process and portfolio company value creation.

Partners Group has secured a $1bn private credit mandate from a major Asian institutional investor, adding to a run of bespoke accounts that has made customised mandates a significant source of new capital for the Swiss private markets manager.