12º Investors raising funds - 10th Jun

Analyst reports:

  • Chinese VC-backed IPO activity. Link
  • VC dealmaking in UK continues to plunge. Link

News

  • Sequoia's three-way split brings abrupt end to global strategy. Link

Investors raising funds

  • Archimed, a health care-focused buyout firm, raised €3.5b for its latest fund. Link
  • IQ Capital, a British deep-tech VC firm, raised $200m for its latest fund. Link
  • Night Capital, led by Kevin Carter (ex-SV Angel), is raising $25m for its third fund. Link
  • Blackstone Group stock fell 3.9% yesterday after it wasn't picked to replace Dish Network in the S&P 500. Instead, the honor went to Palo Alto Networks. Link
  • HPS Investment Partners raised $7.3b for its second senior direct-lending fund. Link
  • Industry Ventures is raising $1b for its 10th VC secondaries fund, per a public pension document. Link
  • Julius Baer Group is raising $250m from clients for its latest private equity fund, per Bloomberg. Link
  • Nexa Equity, an SF-based PE firm focused on lower midmarket application software and fintech companies, raised $180m for its debut fund. It also secured $150m for "deal-specific co-investment vehicles." Link
  • Positive Ventures, a Brazilian impact VC firm, raised $25m for its third fund. Link
  • Antler, a Singapore-based seed firm, raised $285m for its first growth fund. Link
  • BlackRock is raising up to $7b for its fourth global renewable power fund. Link
  • Just Climate, a unit of Generation Investment Management that’s intended to “address the net-zero challenge at scale,” raised $1.5b for its debut fund. Link
  • Side Door Ventures is raising up to $30m for its third fund. Link
  • TJC (fka The Jordan Co.) is targeting $5.5b for its sixth flagship buyout fund. Link
  • NOVA Infrastructure, a New York-based midmarket infrastructure PE firm, is raising $1b for its second fund, per the WSJ. Link

M&A and Private equity deals

  • BlackRock agreed to buy Kreos Capital, a London-based provider of growth and venture debt funding in the tech and health care sectors. Link

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