AlpInvest Partners

Whitehorse Liquidity Partners Expands Capital Management Team with Two Senior Hires

Retrieved on:

Monday, November 13, 2023

Banking, Asset Management, Professional Services, Finance, Jules Kroll, AlpInvest Partners, KBRA, Senior management, Liongate Capital Management, Wealth, Bank

Whitehorse Liquidity Partners (together with its advisory affiliates, “Whitehorse”), a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, today announced it is expanding its distribution capabilities with two new hires in its Capital Management team.

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Whitehorse Liquidity Partners (together with its advisory affiliates, “Whitehorse”), a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, today announced it is expanding its distribution capabilities with two new hires in its Capital Management team.
Joe Gallitano joins the firm as Senior Principal, Head of Private Wealth, and Pramit Sheth joins as Senior Principal, Head of Structured Products.
“As we always say, without investors there would be no Whitehorse.
With these additions, Whitehorse now has 170 employees globally across a Toronto office and a London, United Kingdom office.

Wells Fargo Sells Private Equity Fund Investments

Retrieved on:

Friday, September 29, 2023

Banking, Professional Services, Finance, Partnership, Norwest Venture Partners, Lazard, Fargo, Wells Fargo, AlpInvest Partners, Multimedia, WFC, Pantheon, Investment, NMP, NEP, Lexington Partners, NYSE, Financial services

Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.

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Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.
View the full release here: https://www.businesswire.com/news/home/20230929585934/en/
Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
“With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo’s core businesses and customers,” said Wells Fargo Chief Financial Officer Mike Santomassimo.
“We are incredibly grateful to Wells Fargo for their long-term partnership and continued support,” said Tim DeVries, NEP Managing Partner.
Separately, Wells Fargo will continue its relationship and investments with Norwest Venture Partners, a venture capital and growth equity investment firm.

Stagwell (STGW), the Challenger Network Built to Transform Marketing, Joins the Fortune 1000 List

Retrieved on:

Wednesday, June 28, 2023

Constellation, Stagwell, Fortune 1000, Cannes Lions International Festival of Creativity, AlpInvest Partners, GAAP, Global Expansion Summit, Integrated services, Organization, Learning, Growth, Digital, Cryptocurrency

NEW YORK, June 28, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, announced today it has earned a place on the renowned Fortune 1000, an annual list of the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine Fortune. Stagwell, whose GAAP revenue hit nearly $2.7 billion (FY 2022), attributes its growth to:

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Stagwell's Growth Driven by Digital-first Leadership, Integrated Services, Strategic M&A and Global Expansion
NEW YORK, June 28, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, announced today it has earned a place on the renowned Fortune 1000, an annual list of the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine Fortune.
Stagwell's business approach – blending data-driven marketing strategies with creative storytelling – has proven successful in the rapidly changing digital landscape.
This recognition from Fortune underscores the company's commitment to its digital-first strategy, offering further validation that Stagwell is challenging conventional approaches to client services.
The Company recently bought back the Class A shares held by AlpInvest Partners (AlpInvest); the original investors in Stagwell Media LP, Mark Penn and Steve Ballmer, have now fully exited AlpInvest from Stagwell Media LP.

The Stagwell Group, Manager of Stagwell Media LP, Redeems AlpInvest Partners’ Remaining Interests

Retrieved on:

Monday, June 26, 2023

Professional Services, Finance, Stagwell, Partnership, AlpInvest Partners, Cassette tape

Today, the Stagwell Group, manager of Stagwell Media LP, announced it has redeemed AlpInvest Partners’ remaining interest in the Stagwell Media LP fund.

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Today, the Stagwell Group, manager of Stagwell Media LP, announced it has redeemed AlpInvest Partners’ remaining interest in the Stagwell Media LP fund.
“We thank AlpInvest for their successful partnership over the last several years.
This move leaves only two investors in Stagwell Media LP: myself and Steve Ballmer,” said Mark Penn, Managing Partner at Stagwell Group, LLC.
“We are both excited about and committed to the success of Stagwell Inc.”

GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization

Retrieved on:

Saturday, May 27, 2023

LLP, Partnership, CG, GHO, ERM, Partner, API, AlpInvest Partners, Partners Group, CDMO, Grays International, Acquisition, Pantheon, Growth, ESG, Fine chemical, Financial services, Tax advisor, Sterling

GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization

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GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization
Since first partnering with GHO in 2019, Sterling Pharma Solutions has grown rapidly, tripling its revenues and quadrupling its earnings.
Sterling handles the development of complex APIs and subsequent scaling up of manufacturing from pre-clinical to commercial scale.
We are delighted to welcome Partners Group, which, alongside GHO, will support our ambitious global growth trajectory.
Sterling is a leading example of how our deep industry expertise, combined with the GHO growth playbook, can generate long-term, sustainable value.

GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization

Retrieved on:

Thursday, May 25, 2023

GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization

Key Points:

GHO Capital and Partners Group invest in Sterling Pharma Solutions, a leading pharmaceutical development and manufacturing organization
Since first partnering with GHO in 2019, Sterling Pharma Solutions has grown rapidly, tripling its revenues and quadrupling its earnings.
Sterling handles the development of complex APIs and subsequent scaling up of manufacturing from pre-clinical to commercial scale.
We are delighted to welcome Partners Group, which, alongside GHO, will support our ambitious global growth trajectory.
Sterling is a leading example of how our deep industry expertise, combined with the GHO growth playbook, can generate long-term, sustainable value.

One Equity Partners Closes $1 Billion Continuation Fund Co-led by AlpInvest Partners and HarbourVest Partners

Retrieved on:

Wednesday, May 10, 2023

One Equity Partners , (“One Equity” or “OEP”) a middle market private equity firm, today announced the close of a $1 billion Continuation Fund (“the Fund”), co-led by AlpInvest Partners , a subsidiary of global investment firm Carlyle (NASDAQ: CG), and HarbourVest Partners that will support continued growth for two European portfolio companies.

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One Equity Partners , (“One Equity” or “OEP”) a middle market private equity firm, today announced the close of a $1 billion Continuation Fund (“the Fund”), co-led by AlpInvest Partners , a subsidiary of global investment firm Carlyle (NASDAQ: CG), and HarbourVest Partners that will support continued growth for two European portfolio companies.
Together with an organic growth push by the company, a market-leading earthmoving industry parts supplier was created.
Kirkland and Ellis served as legal counsel on the transaction and Moelis & Co. served as advisor on the transaction for One Equity Partners.
Ropes & Gray acted as legal counsel for AlpInvest Partners.

The Stagwell Group, Manager of Stagwell Media LP, Enters Into Definitive Agreement With AlpInvest Partners

Retrieved on:

Tuesday, May 9, 2023

Other Professional Services, Professional Services, Finance, Stagwell, Documentation, AlpInvest Partners, Cassette tape

Today, the Stagwell Group, manager of Stagwell Media LP, announced it is engaged in advanced negotiations to redeem AlpInvest Partners’ remaining interest in the Stagwell Media LP fund, subject to final documentation.

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Today, the Stagwell Group, manager of Stagwell Media LP, announced it is engaged in advanced negotiations to redeem AlpInvest Partners’ remaining interest in the Stagwell Media LP fund, subject to final documentation.

STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2023

Retrieved on:

Tuesday, May 9, 2023

Cloud, Common stock, Stagwell, Marketing, A.I, AlpInvest Partners, Earnings per share, Penn, Science, Documentation, Growth, Environment, Regulation, Regulation S-K, Pharmaceutical industry, Cryptocurrency, Security (finance)

Announces Share Repurchase Agreement for over 23.3 million Class A Shares in Stagwell Inc.

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Announces Share Repurchase Agreement for over 23.3 million Class A Shares in Stagwell Inc.
NEW YORK, May 9, 2023 /PRNewswire/ -- (NASDAQ: STGW) – Stagwell Inc. ("Stagwell") today announced financial results in line with internal expectations for the three months ended March 31, 2023.
First quarter Adjusted Earnings Per Share for Stagwell Inc. Common Shareholders of $0.13 versus $0.22 in the prior year period.
Net bew business wins of $53 million in the quarter and $212 million for the trailing twelve months.
We are moving forward with the Stagwell Marketing Cloud and all investors are invited to try our generative A.I.

Chronograph Welcomes Ben Harrison and Julian Rampelmann to Board of Directors

Retrieved on:

Wednesday, May 3, 2023

Chronograph, provider of the world’s leading portfolio monitoring solutions for private equity , today announced the appointment of Ben Harrison, President of Financial Services at Intapp (NASDAQ: INTA), and Julian Rampelmann, Managing Director at Carlyle Group (NASDAQ: CG), to its Board of Directors.

Key Points:

Chronograph, provider of the world’s leading portfolio monitoring solutions for private equity , today announced the appointment of Ben Harrison, President of Financial Services at Intapp (NASDAQ: INTA), and Julian Rampelmann, Managing Director at Carlyle Group (NASDAQ: CG), to its Board of Directors.
Harrison has deep experience in private markets technology, serving as Co-Founder of DealCloud and President of Financial Services at Intapp since 2018.
Rampelmann brings deep private equity investment expertise as a member of AlpInvest’s Secondary Investment team and from prior experience at Warburg Pincus.
“We are delighted to have Ben and Julian join the Chronograph Board,” said Charlie Tafoya, Co-Founder and CEO of Chronograph.