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RHC Pipeline Report Disclaimer

Red Hook Capital (RHC) provides a weekly report of deals that RHC finds of interest through “RHC Pipeline Report.” Below is a disclaimer,  an advisory, and a note for this report.

DISCLAIMER: Information is provided by 3rd party sources such as AP, Bloomberg, Forbes, Fortune, PR Wire, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources and is not verified.

ADVISORY:  Please visit the company or investor’s website when sourcing news information.  RHC Pipeline Report information is collected via a 3rd party and is not verified.  Third parties sources and even a company press release may or may not provide the correct information.

NOTE:  Please visit the source such as the investors or company website.  In many cases, a link to the company website is provided as most information is provided by a 3rd party on this website.

 

RHC Report v19.37

RHC REPORT HIGHLIGHT

The growth investing arm of private-equity firm Providence Equity Partners has wasted no time raising its latest fund.

Providence Strategic Growth Capital Partners has collected $2 billion for its latest growth vehicle, a little more than a year after raising

Read more: https://www.wsj.com/articles/providence-strategic-growth-collects-2-billion-for-fourth-vehicle-11568160000?tpl=privateequity

RHC REPORT

  • Providence Strategic Growth Capital Partners L.L.C., a Boston, MA-based affiliate of Providence Equity Partners L.L.C., a private equity investment firm with over $45 billion in aggregate capital commitments, closed its fourth fund with $2.0 billion of limited partner commitments
  • Ardian, a Paris, France-based private investment firm, raised $2.5 billion for its latest co-investment fund, Ardian Co-Investment Fund V
  • Hype Capital, the newly created venture fund of HYPE Sports Innovation, is now expanding its VC fund in the US
  • Sky9 Capital, a Beijing, China-based early-stage venture capital firm that invests in Chinese technology startups, closed a new set of funds with $440m in capital commitments
  • Marketing Architects, a Minneapolis based advertising agency, has launched a corporate venture capital arm
  • Link Ventures, a Cambridge, Mass.-based venture capital firm, closed on more than $100m in capital commitments for its Link Ventures 2 fund
  • 3Lines Venture Capital, a Greenwood Village, CO- and Gurgaon, Haryana, India-based investment firm, closed on the first $5M tranche of its Rocket Fund
  • Accion, a Washington, D.C.-based financial inclusion focused nonprofit organization, expanded its seed-stage investment initiative Accion Venture Lab with the addition of $33M to its initial capital pool
  • Xiang He Capital, a China TMT focused venture capital firm, closed its second USD-denominated venture fund, at $425m
  • Ford Financial Fund, a Dallas, TX-based private equity fund focused on investments in community banks, closed Ford Financial Fund III, L.P., with over $1 billion in commitments
  • Freeman Spogli & Co., a Los Angeles, CA- and NYC-based middle market private equity firm, closed FS Equity Partners VIII, L.P., at $1.85 billion
  • MiddleGround Capital, a Lexington, Ky.-based private equity firm that makes control investments in business-to-business industrial and specialty distribution companies in the North American lower middle market, closed its first fund, MiddleGround Capital I, LP., at $459.5m
  • Las Vegas, NV-based Universal Labs Opportunity Fund has launched to invest in the development of natural medicines for prevention and treatment of cancer
  • Taiho Pharmaceutical Co., a Tokyo, Japan-based specialty pharma company with a focus on oncology, is to invest up to US$30m in Remiges Biopharma Fund II, LP, a biopharma venture capital fund formed by Remiges Ventures

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Report v19.35

RHC REPORT HIGHLIGHT

DALLAS–(BUSINESS WIRE)–Ford Financial Fund today announced the closing of Ford Financial Fund III, L.P., with over $1 billion in commitments. Ford Financial Fund is a private equity fund focused on investments in community banks. It is co-managed by Gerald J. Ford and Carl B. Webb, who are among the nation’s most experienced and successful investors in and operators of a broad range of financial services companies. The General Partner committed $155 million of its own capital across Fund II and Fund III, which are both fully invested in Mechanics Bank. Fund II closed in May 2013.

Read more: https://www.businesswire.com/news/home/20190903005209/en/Ford-Financial-Fund-III-L.P.-Closes-1

RHC REPORT

  • 3Lines Venture Capital, a Greenwood Village, CO- and Gurgaon, Haryana, India-based investment firm, closed on the first $5M tranche of its Rocket Fund
  • Accion, a Washington, D.C.-based financial inclusion focused nonprofit organization, expanded its seed-stage investment initiative Accion Venture Lab with the addition of $33M to its initial capital pool
  • Xiang He Capital, a China TMT focused venture capital firm, closed its second USD-denominated venture  fund, at $425m
  • FlowStone Partners, an Avon, Conn.-based provider of private equity investment opportunities to qualified high net worth investors, has launched a closed-end, non-exchange-listed investment management company registered under the Investment Company Act of 1940
  • Freeman Spogli & Co., a Los Angeles, CA- and NYC-based middle-market private equity firm, closed FS Equity Partners VIII, L.P., at $1.85 billion
  • MiddleGround Capital, a Lexington, Ky.-based private equity firm that makes control investments in business-to-business industrial and specialty distribution companies in the North American lower middle market, closed its first fund, MiddleGround Capital I, LP., at $459.5m
  • Las Vegas, NV-based Universal Labs Opportunity Fund has launched to invest in the development of natural medicines for the prevention and treatment of cancer
  • Ford Financial Fund, a Dallas, TX-based private equity fund focused on investments in community banks, closed Ford Financial Fund III, L.P., with over $1 billion in commitments

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Report v19.34

RHC REPORT HIGHLIGHT

Mindset Ventures, an International early-stage Venture Capital Fund, has announced the launch of its Fund III aimed at $50M. Mindset has local presence in Sao Paulo, San Francisco and Tel-Aviv, around 40 companies in its portfolio and has also recently announced its first exit.

Read more: https://www.prweb.com/releases/mindset_ventures_announces_its_first_exit_and_the_launch_of_its_third_fund/prweb16515401.htm

RHC REPORT

  • Las Vegas, NV-based Universal Labs Opportunity Fund has launched to invest in the development of natural medicines for the prevention and treatment of cancer
  • Taiho Pharmaceutical Co., a Tokyo, Japan-based specialty pharma company with a focus on oncology, is to invest up to US$30m in Remiges Biopharma Fund II, LP, a biopharma venture capital fund formed by Remiges Ventures
  • Presight Capital, the international venture arm of Christian Angermayer’s Apeiron Investment Group, closed its first fund, at $80m
  • Varsity Healthcare Partners, a Los Angeles, California and Stamford, Connecticut-based lower middle-market private equity firm focused on healthcare services, closed Varsity Healthcare Partners III, at $417m
  • Algo Capital, the financial institution focused on accelerating access, adoption and liquidity of the Algorand blockchain, closed its Algo VC Fund, at $200m
  • CrowdStrike, Inc. (Nasdaq: CRWD), a Sunnyvale, Calif.-based cloud-delivered endpoint protection provider, launched a $20m early stage investment fund
  • Fearless Fund has launched a $5M venture capital fund fueling women Of color owned businesses
  • Paragon Biosciences, LLC, a Chicago, IL-based life science firm that invests in, builds, and advises bioscience companies, has formed Paragon Health Capital
  • Novalis LifeSciences, a Hampton, N.H.-based investment and advisory firm for the Life Science industry, raised $85M in capital for its first fund
  • Mindset Ventures, a Sao Paulo, San Francisco and Tel-Aviv-based early-stage venture capital firm, is announcing the launch of its third fund with a target of $50M

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Report v19.33

RHC REPORT HIGHLIGHT

Argonaut Private Equity closed Argonaut Private Equity Fund IV, at $400m

TULSA, Okla.–(BUSINESS WIRE)–Argonaut Private Equity, a Tulsa-based private equity fund, announced its investment in Mammoth Carbon Products, a Houston-based pipeline distribution company. Mammoth is an industry leader in carbon steel pipe distribution and services for the energy infrastructure markets.

Read more: https://www.businesswire.com/news/home/20190228005836/en/Argonaut-Private-Equity-Partners-Mammoth-Carbon-Products

RHC REPORT

  • Paragon Biosciences, LLC, a Chicago, IL-based life science firm that invests in, builds, and advises bioscience companies, has formed Paragon Health Capital
  • Fearless Fund has launched a $5M venture capital fund fueling women Of color owned businesses
  • Novalis LifeSciences, a Hampton, N.H.-based investment and advisory firm for the Life Science industry, raised $85M in the capital for its first fund
  • Sunstone Management, a diversified capital management and investment firm based in Long Beach, Calif., has launched a new fund to facilitate the growth of startups participating in the Long Beach Accelerator program
  • NYC-based early stage venture capital Swell Partners has launched a new $3.3m sector-agnostic, human-centric fund
  • Lux Capital, a venture capital firm based in New York City and Silicon Valley investing in counter-conventional, seed and early stage science and technology ventures, raised over $1 billion for two new funds
  • Oakley Capital, a Western Europe-focused private equity firm, recently closed its latest fund, at €1.46bn
  • Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm, closed Argonaut Private Equity Fund IV, at $400m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Report v19.32

RHC REPORT HIGHLIGHT

NEW YORKAug. 15, 2019 /PRNewswire/ — Swell Partners is a new venture fund of $3.3 million. The fund was announced today and is founded and run by Jay Patil and Rusty Ralston, investors who have also guided the formation of teams for more than 50 successful start-ups over the past decade.

Read more: https://www.prnewswire.com/news-releases/new-venture-fund-puts-the-building-of-top-tier-teams-at-fore-300902757.html

RHC REPORT

  • Sunstone Management, a diversified capital management and investment firm based in Long Beach, Calif., has launched a new fund to facilitate the growth of startups participating in the Long Beach Accelerator program
  • NYC-based early stage venture capital Swell Partners has launched a new $3.3m sector-agnostic, human-centric fund
  • Lux Capital, a venture capital firm based in New York City and Silicon Valley investing in counter-conventional, seed and early stage science and technology ventures, raised over $1 billion for two new funds
  • Oakley Capital, a Western Europe-focused private equity firm, recently closed its latest fund, at €1.46bn
  • Brick & Mortar Ventures, a San Francisco, CA-based construction tech venture capital firm, closed its first institutional fund, at $97.2M
  • Great Point Partners, a Greenwich, CT-based healthcare investment firm, closed its latest growth buy-out fund, Great Point Partners III, at $306m
  • Elysium Venture Capital, a Palo Alto, Calif.-based venture capital firm, has come out of stealth with $100m in assets under management
  • Valar Ventures, a New York­-based venture capital firm, raised $150m for its Fund V
  • Cocoon Capital, a Singapore-based early-stage venture capital firm, closed its second fund, at USD 22m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Pipleine Report v19.31

RHC REPORT HIGHLIGHT

Nyca Partners, a firm with investments in financial technology businesses including PayRange, Trellis, Affirm and Acorns, has collected another $210 million for its third venture capital fund.

Located in New York, Nyca’s debut fund closed on $31 million in 2014. Its second fund, a similarly focused fintech effort, raised $125 million in 2017.

Venture capital investment in fintech is poised to reach new heights in 2019, according to PitchBook. So far this year, investors have bet $8.6 billion on U.S.-based fintech upstarts. Last year, investment in the space reached an all-time high of more than $12 billion, with Robinhood, Coinbase and Plaid all raising multi-hundred-million-dollar rounds.

Read more: https://forecastwire.com/2019/08/02/nyca-partners-raises-210m-to-invest-in-fintech-startups/

RHC PIPELINE REPORT

  • Cocoon Capital, a Singapore-based early-stage venture capital firm, closed its second fund, at USD 22m
  • Silver Oak Services Partners, an Evanston, IL-based lower-middle market private equity firm, completed the fundraising for Silver Oak Services Partners Fund IV, L.P., at $500m
  • CerraCap Ventures, a Costa Mesa, Calif.-based an early stage venture capital firm, received an investment from Mexico Ventures into CerraCap II, LP.
  • PowerPlant Ventures, a Los Angeles-based venture capital firm investing in plant-based food and beverage, foodservice and food-tech companies, such as Beyond Meat [BYND], closed its second fund, at $165m
  • Hamilton Lane (NASDAQ: HLNE), a Bala Cynwyd, Penn. – based alternative investment management firm, closed Hamilton Lane Strategic Opportunities Fund V, with more than $760m in commitments
  • Nyca Partners, a NYC-based fintech focused venture capital firm, closed its third fund, at $210M

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Pipeline Report v19.30

RHC HIGHLIGHT REPORT

BOSTON–(BUSINESS WIRE)–Vida Ventures (“Vida”), a next-generation life sciences venture firm, announced today the closing of Vida Ventures II, LLC (“Vida II”), raising $600 million in an oversubscribed fund. Vida II will be used to further the firm’s life sciences platform, which began building a successful track record of investing with its inaugural fund by focusing on companies that change the paradigm of care for patients. With the close of Vida II, Vida has approximately $1 billion under management in less than two years since inception. Vida II fund investors include members of the Vida team, investors from the inaugural fund, top-tier endowments, foundations, family offices, funds-of-funds, and notable individuals across the U.S. and overseas. In anticipation of Vida II, the firm also announced the expansion of its team of experts with Helen S. Kim, Rajul Jain, M.D., Heba Nowyhed, Ph.D., and Eric Trac, M.D

Read more:  https://www.businesswire.com/news/home/20190801005310/en/Vida-Ventures-Closes-600-Million-Vida-II

RHC PIPELINE REPORT

  • CerraCap Ventures, a Costa Mesa, Calif.-based an early stage venture capital firm, received an investment from Mexico Ventures into CerraCap II, LP.
  • PowerPlant Ventures, a Los Angeles-based venture capital firm investing in plant-based food and beverage, foodservice and food-tech companies, such as Beyond Meat [BYND], closed its second fund, at $165m
  • Hamilton Lane (NASDAQ: HLNE), a Bala Cynwyd, Penn. – based alternative investment management firm, closed Hamilton Lane Strategic Opportunities Fund V, with more than $760m in commitment
  • HCAP Partners, a San Diego, California-based private equity firm and impact investor, closed HCAP Partners IV, L.P., at $150M
  • BGV, a Palo Alto, CA-based early-stage venture capital firm with an focus on enterprise 4.0 startups in global markets, closed its Opportunity Fund, at $70m
  • Vida Ventures, a Boston, MA-based next-generation life sciences venture capital firm, closed Vida Ventures II, LLC, at $600m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Pipeline Report v19.29

RHC REPORT HIGHLIGHT

PALO ALTO, Calif.–(BUSINESS WIRE)–BGV, an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on enterprise 4.0 startups in global markets, today announced the close of its Opportunity Fund, a $70 million investment vehicle. The Opportunity Fund is designed to make expansion stage investments in successful portfolio companies that emerge from BGV II and BGV III, both early-stage funds.

Read more: https://www.businesswire.com/news/home/20190725005169/en/BGV-Closes-70-Million-Opportunity-Fund-Announces

RHC PIPELINE REPORT

  • OSF Ventures, the corporate investment arm of Peoria, Ill.-based OSF HealthCare, has launched a second venture capital fund of $75m
  • VMG Partners, a San Francisco, CA-based private equity firm specializing in building iconic consumer brands, closed a $250m fund
  • Flare Capital Partners, a Boston, MA-based healthcare technology venture capital firm, closed its second fund, at $255m
  • DW Healthcare Partners, a private equity firm focused primarily on making control investments in North American middle-market healthcare companies, closed its fifth fund, at $610M
  • Stifel Financial Corp. (NYSE: SF), a financial services holding company headquartered in St. Louis, Missouri, launched a venture banking and lending business
  • Moiin, Inc., a Seoul, South Korea-based VR hardware company working to build a fully immersive world, is launching a $100m Silicon Valley-based, venture capital fund
  • CVC Capital Partners closed CVC Strategic Opportunities II (“SO II”), at €4.6 billion
  • Sierra Ventures, a San Mateo, CA-based early-stage technology-focused venture capital firm, closed the twelfth investment fund, at $215m
  • BGV, a Palo Alto, CA-based early-stage venture capital firm with an focus on enterprise 4.0 startups in global markets, closed its Opportunity Fund, at $70m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Pipeline Report v19.28

RHC REPORT HIGHLIGHT

LOS ANGELESJuly 17, 2019 /PRNewswire/ — Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry (property technology or “proptech”), announced the close of its second real estate technology fund. The oversubscribed $503 million Fund II more than doubled the size of Fifth Wall’s initial fund, which closed in May 2017 at $212 million.

Read more: https://www.prnewswire.com/news-releases/fifth-wall-closes-new-503-million-fund-the-largest-real-estate-venture-capital-fund-raised-to-date-300885325.html

RHC PIPELINE REPORT

  • WHP Global, a NYC-based new brand management platform, received a $200m equity investment from funds managed by Oaktree Capital Management, L.P., and announced the acquisition of global fashion brand Anne Klein
  • IQ Capital, a Cambridge and London, UK-based deep-tech venture capital firm, has announced the raise of two funds for a total of over $300m
  • Bow River Capital, a Denver, CO-based closed its latest growth equity fund, at $160m
  • RA Capital Management, LLC, a Boston, MA-based venture capital firm, closed its inaugural venture fund, at just over $300m
  • Adara Ventures, a venture capital firm based in Luxembourg, completed the first closing of its third fund, with commitments in excess of €65m
  • AV Group Ltd., an asset manager with offices in New York, Cayman Islands, Norway and Singapore with a focus on growing Norwegian based ESG and Impact companies globally, has just launched two funds
  • Vista Equity Partners, an investment firm focused on enterprise software, data, and technology-enabled businesses, closed a second fund, at $850m
  • Sierra Ventures, a San Mateo, CA-based early-stage technology focused venture capital firm, closed the twelfth investment fund, at $215m
  • Fifth Wall, a Los Angeles, Calif.–based venture capital firm focused on technologies for the global real estate industry, closed its second fund, at $503m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.

RHC Pipeline Report v19.27

RHC REPORT HIGHLIGHT

Billionaires Robert Smith and Brian Sheth, cofounders of Vista Equity Partners, are in the midst of raising a mammoth $16 billion software buyout fund that could usher in deals the likes of which the sector has never seen before. Even as Vista continues to grow its assets dramatically, the software-focused private equity giant isn’t leaving behind the small, high-growth companies that have been critical to its success.

On Thursday morning Vista completed a $850 million fundraise for its Endeavor Fund II, a private equity pool aimed at buying fast-growing enterprise software companies with between $10 million and $30 million in annual recurring revenue and growing them into businesses many multiples of that size. These deals are often done with checks of between $30 million and $100 million, a fraction of the multibillion-dollar buyouts that have made Vista a highly followed force in the world of private equity, but they offer returns that are on par or better than the bigger fish and help it remain expert in the emerging trends and companies in the massive and ever-growing software industry.

Read more:  https://www.forbes.com/sites/antoinegara/2019/07/11/robert-smith-brian-sheth-vista-equity-software-buyouts/#3e053f9b4d81

RHC PIPELINE REPORT

  • 42CAP, a Munich, Germany based seed stage venture capital firm focused on investing B2B software startups, closed its second fund, at €50m
  • e.ventures, a San Francisco and Berlin, Germany-based tech-enabled venture capital firm, announced $400M in new capital across two early stage funds
  • Maniv Mobility, a Tel Aviv, Israel-based mobility venture capital firm, closed its second fund, at $100M
  • Flexpoint Ford, LLC, a Chicago, IL-based private equity investment firm specializing in the financial services and healthcare industries, held the first and final closing of two funds, at $2.0 billion
  • YL Ventures, a San Francisco, CA and Tel Aviv, Israel-based venture capital firm specializing in seed-stage investing in Israeli cybersecurity startups, closed its fourth fund, at $120m
  • Vice Ventures, a Brooklyn, New York-based seed-stage venture capital fund investing in good companies operating in “bad” industries, has started activity
  • YPF, an Argentinian energy company with $15B in revenue and 21 thousand employees, has launched YPF Ventures, a corporate venture capital fund that will expand the company’s reach into emerging energy businesses
  • Great Hill Partners, a Boston, MA-based growth-oriented private equity firm, closed its seventh fund, at $2.5 billion
  • Adara Ventures, a venture capital firm based in Luxembourg, completed the first closing of its third fund, with commitments in excess of €65m
  • AV Group Ltd., an asset manager with offices in New York, Cayman Islands, Norway and Singapore with a focus on growing Norwegian based ESG and Impact companies globally, has just launched two funds
  • Vista Equity Partners, an investment firm focused on enterprise software, data, and technology-enabled businesses, closed a second fund, at $850m

DISCLAIMER: All deal information for our Pipeline Reports are provided by 3rd party websites such as Associated Press, Bloomberg, Business Wire, Crunchbase, Forbes, Fortune, Reuters, Wall Street Journal (WSJ), and other sources. We advise that you check with the company website for a press release or other direct sources that are in our reports as we do not update our posting and use third-party resources to source our news.