The Capital Report v19.33

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

THE CAPITAL  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.

The Capital Report v19.32

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

THE CAPITAL 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.

The Capital Report v19.31

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/

THE CAPITAL 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.

The Capital Report v19.30

REPORT  HIGHLIGH

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

THE CAPITAL 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.

The Capital Report v19.29

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

THE CAPITAL  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.

The Capital Report v19.28

Reblog from Investor Network

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

THE CAPITAL  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.

The Capital Report v19.27

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

THE CAPITAL 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.

RHC Pipeline Report v19.26

RHC REPORT HIGHLIGHT

WASHINGTON–(BUSINESS WIRE)–Arlington Capital Partners (“Arlington” or the “Firm”), a Washington, D.C. area based private equity investment firm focused on government-regulated sectors, today announced that it has successfully raised its latest fund, Arlington Capital Partners V, L.P. (“Fund V” or the “Fund”) with total capital commitments of approximately $1.7 billion – hitting the Fund’s hard cap. The fundraise, which was significantly oversubscribed, successfully reached its final closing in three months from its launch. The Fund sourced capital commitments from a hand-selected, globally diverse group of marquis investors, including public pension funds, corporate pension funds, insurance companies, fund of funds, and foundations.

Read More: https://www.businesswire.com/news/home/20190625005829/en/Arlington-Capital-Partners-Announces-Final-Closing-Oversubscribed

RHC PIPELINE

  • Warburg Pincus, the global private equity firm focused on growth investing, closed Warburg Pincus China-Southeast Asia II, L.P., at $4.25 billion
  • Clearlake Capital Group, L.P., a Santa Monica, Calif.-based private investment firm with a sector-focused approach, completed fundraising for Clearlake Opportunities Partners II, at $1.4 billion in commitments
  • Vesalius Biocapital III, the Strassen, Luxembourg-based specialist life sciences venture capital investor, closed the VBC III fund, securing €120m of equity commitments
  • Investment management firm DTCP has secured additional capital commitments from two corporate sponsors for its second venture and growth fund, which closed at USD350m
  • London, UK-based venture capital firm Dawn Capital has closed its new Opportunities Fund, at $125m
  • GP Bullhound, a technology advisory and investment firm, closed GP Bullhound Fund IV at, €113m
  • Arlington Capital Partners, a Chevy Chase, MD-based private equity investment firm focused on government-regulated sectors, raised its latest fund, with total capital commitments of approximately $1.7 billion

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 v19.25

RHC REPORT HIGHLIGHT

Nova is another acquisition for TPG Growth controlled healthcare platform, AHH (Asia Healthcare Holdings) which has acquired several single specialty focused healthcare providers. AHH was formed in mid-2016 with an aim to build Asia’s largest platform of diverse single specialty healthcare service providers in India and South Asia. With the acquisition of Nova, AHH would be the largest player in the mother and child care space in India.

Read More: https://www.prnewswire.com/news-releases/lincoln-international-advises-nova-ivi-on-its-sale-to-tpg-growth-300867198.html

 

RHC PIPELINE REPORT

  • HOP Energy LLC, which is backed by Delos Capital and Shorevest Capital, acquired Kosco Heritage Energy LLC, a Kingston, N.Y-based distributor of heating oil. Financial terms weren’t disclosed.
  • eSolutions Inc, a portfolio company of Francisco Partners, acquired Practice Insight, a Houston, Texas-based provider of integrated electronic data interchange and revenue cycle management workflow solutions for healthcare providers. Financial terms weren’t disclosed.
  • Construction Resources, a portfolio company of Monomoy Capital Partners, acquired United Materials Inc, a Florida-based importer and distributor of surfacing materials. Financial terms weren’t disclosed.
  • FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, acquired Decernis LLC, a provider of technology and content solutions for compliance, safety, and risk management. Financial terms weren’t disclosed.
  • Pamlico Capital agreed to invest in Digitech Computer LLC, a provider of revenue cycle management and technology solutions for Emergency Medical Services transport providers. Financial terms weren’t disclosed.
  • Thomas H. Lee Partners agreed to acquire AutoStore, a Norway-based robotics and software company. Financial terms weren’t disclosed.
  • Wynnchurch Capital acquired MPL, a Fairland, Ind.-based provider of cultured marble products for the hospitality and multifamily housing markets. Financial terms weren’t disclosed.
  • Quorum Software, a portfolio company of Thoma Bravo, acquired Archeio Technologies, a Dallas-based provider of oil and gas document classification and smart search technology. Financial terms weren’t disclosed.
  • Xirgo Technologies, LlLC, a portfolio company of HKW acquired UAB Baltic Car Equipmenta Lithuania-based manufacturer of telemetry equipment.
  • Kayne Partners invested $25 million in Elevate, a provider of consulting, technology and services to law departments and law firms.
  • Great Point Partners recapitalized SteriPack, an Ireland-based contract manufacturing and services company serving the medical device and pharmaceutical industries. Financial terms weren’t disclosed.
  • Bobit Business Media, a portfolio company of Gemspring Capital, acquired Warranty Chain Management Conference, an annual forum for warranty professionals and executives. Financial terms weren’t disclosed.
  • Parker Building Supplies, a portfolio company of Cairngorm Capital Partners, acquired Sussex Turnery and Moulding Co Ltd, a U.K.-based builders’ merchant and wholesale timber processing and distribution business. Financial terms weren’t disclosed.
  • Unifrax, backed by Clearlake Capital Group, acquired Stellar Materials LLC, a maker of specialty chemistries and materials. Financial terms weren’t disclosed.
  • Morgan Stanley Capital Partners acquired Ovation Fertility, a Los Angeles-based provider of in-vitro fertilization laboratory services, from WindRose Health Investors. Financial terms weren’t disclosed.
  • Nordic Capital agreed to acquire a majority stake of ArisGlobal, a Coral Gables, Fla.-based life sciences software company, in a deal that values the company at $700 million including debt, according to The Wall Street Journal.
  • BARBRI Inc, which is backed by Leeds Equity Partners LLC, acquired The Center for Legal Studies, a provider of online programs and training courses for paralegals and other legal support professionals. Financial terms weren’t disclosed.
  • Wealth Enhancement Group, a portfolio company of Lightyear Capital, agreed to buy Planning Solutions Group, a Fulton, Md.-based financial advisory business. Financial terms weren’t disclosed.
  • CutisPharma Inc, a portfolio company of NovaQuest Capital Management, acquired Silvergate Pharmaceuticals Inc, a developer of pediatric medications. Financial terms weren’t disclosed. NovaQuest will own a majority of the combined company, called Azurity Pharmaceuticals.
  • Xpressdocs Partners, which is backed by Falcata Capital, acquired Amazingmail, a Phoenix, Ariz.-based provider of direct mail solutions. Financial terms weren’t disclosed.
  • TPG Growth acquired Nova IVI, an India-based provider of fertility treatment services. Financial terms weren’t disclosed.

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.

Keywords > TPG Growth, Nova IVI, Asia healthcare Holdings, AHH, Xpressdocs Partners, Falcata Capital, Amazingmail, CutisPharma Inc, NovaQuest Capital Management, Silvergate Pharmaceuticals Inc, Planning Solutions Group, Wealth Enhancement Group, 

RHC Report v19.24

RHC REPORT HIGHLIGHT

L Catterton Asia, the Asian Franchise of consumer growth investment firm L Catterton, raised over $1.286 billion for its third regional fund.

According to an SEC filing, L Catterton Asia 3 LP has been supported by 55 investors.

The final target of the fund was not listed in the document.

The Pan-Asian consumer-focused private equity firm provides revenue and operating capabilities to backed companies including Asiaray, Bateel, Celavi, Crystal Jade Dondup, DR:WU, Genesis Luxury, Genstle Monster, GXG, Impresario, Marubi, Owndays, Will’s, Seafolly, etc.

Read more:  http://www.finsmes.com/2019/06/l-catterton-asia-raises-over-1-286-billion-for-third-regional-fund.html

Another good read: PE Meg-Fund Strategy Overview: Part 1 vis this URL:

https://pitchbook.com/news/reports/1q-2019-pitchbook-analyst-note-pe-mega-fund-strategy-overview-part-i

RHC REPORT

  • Inner Loop Capital, a Baltimore, MD-based seed-stage venture capital firm supporting founders of cybersecurity and enterprise technology companies in the Washington, D.C. region, announced a new $2.6m Syndicate Fund
  • Germany-based seed-stage venture capital firm High-Tech Gründerfondsrecently received a €3m investment for its Fund III
  • Valo Ventures, a Palo Alto, CA-based venture capital firm, raised $175m for first fund
  • Global leader in consulting, technology services and digital transformationCapgemini (Capgemini Ventures) and French venture capital firm ISAI have teamed up to launch an investment fund focused on B2B startups and scaleups
  • Crane Venture Partners, a London, UK-based venture capital firm focused on early-stage intelligent enterprise startups, closed Crane I, its first institutional fund, at $90m
  • Invest Detroit Ventures received philanthropic support to begin the effort to turn its First Capital Fund into an evergreen fund that will support early-stage Michigan startups for years to come
  • Willis Towers Watson (NASDAQ: WLTW), an Arlington, Va.-based global advisory, broking and solutions company, launched a venture capital initiative
  • BDC Capital, the investment arm of BDC, is launching the $250m Industrial Innovation Venture Fund
  • The Abu Dhabi Investment Office, ADIO, has launched an AED535m fund to grow Abu Dhabi’s Venture Capital, VC, and start-up ecosystem
  • Cresco Capital Partners, a NYC-based private equity firm focused on the legal cannabis industry, closed $60m for its second fund
  • Westbridge Capital, a London and Cardiff, UK-based private equity investment firm, closed its latest fund at £140m
  • Third Rock Ventures, LLC, a Boston, MA-based life sciences venture capital firm, closed Third Rock Ventures V, LP, at $770m
  • L Catterton Asia, the Asian Franchise of consumer growth investment firm L Catterton, raised over $1.286 billion for its third regional fund

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.