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.