Private equity secondary market

Rotunda Capital Partners Closes Oversubscribed $195 Million Debut Institutional Fund

Thursday, January 21, 2021 - 12:04pm

Rotunda Capital Partners (Rotunda or RCP), an operationally focused, lower middle market private equity firm, announces the successful final closing of its debut institutional private equity fund, Rotunda Capital Partners Fund II, L.P. (together with its parallel investment vehicle, Fund II).

Key Points: 
  • Rotunda Capital Partners (Rotunda or RCP), an operationally focused, lower middle market private equity firm, announces the successful final closing of its debut institutional private equity fund, Rotunda Capital Partners Fund II, L.P. (together with its parallel investment vehicle, Fund II).
  • RCP was founded in 2009 as an independent sponsor and with Fund II, RCP now manages over $350 million in equity capital.
  • We are grateful for the strong investor support we received in closing our debut institutional fund above our target in an uncertain market environment, said John Fruehwirth, managing partner of Rotunda Capital Partners.
  • Rotunda Capital Partners is a private equity firm that invests equity capital in established, lower middle market companies.

Vista Equity Partners Pioneers Investor Engagement Center to Advance Limited Partner Relationship Management

Thursday, January 21, 2021 - 12:47am

Vista Equity Partners (Vista), a leading technology investment firm, today announced that it has established an innovative, digital communication platform to advance limited partner relationship management in todays virtual world.

Key Points: 
  • Vista Equity Partners (Vista), a leading technology investment firm, today announced that it has established an innovative, digital communication platform to advance limited partner relationship management in todays virtual world.
  • The Investor Engagement Center (IEC) will continue to serve the firm and its investors as they embrace a hybrid digital environment in anticipation of the future of work.
  • Vista is a leading global investment firm with more than $73 billion in assets under management as of September 30, 2020.
  • Follow Vista on LinkedIn, @Vista Equity Partners , and on Twitter, @Vista_Equity .

Gen II Fund Services Relocates Boston Office

Tuesday, January 19, 2021 - 11:30am

BOSTON, Jan. 19, 2021 /PRNewswire/ --Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced that the firm has relocated its Boston office.

Key Points: 
  • BOSTON, Jan. 19, 2021 /PRNewswire/ --Gen II Fund Services, LLC, a leading independent private equity fund administrator, today announced that the firm has relocated its Boston office.
  • "As the largest independent private equity fund administrator, Gen II has a long-established strategy of continually enhancing our service capabilities across the United States," said Norman Leben,Managing Principal and Co-Founder, Gen II.
  • "With this significantly increased space and enhanced amenities, we are future-proofing the services Gen II will be able to provide to clients from the Boston office.
  • Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to effectively manage their operational infrastructure, financial reporting, and investor communications.

LYNX Franchising Acquired by MidOcean Partners

Tuesday, January 19, 2021 - 12:09am

ATLANTA, Jan. 18, 2021 /PRNewswire/ -- JAN-PRO Systems International one of the nation's largest franchisors of commercial cleaning and disinfecting franchises announces the brand was part of a major acquisition, as MidOcean Partners acquired LYNX Franchising a multi-brand platform with a collection of B2B essential services, including Intelligent Office, FRSTeam, and JAN-PRO Systems International.

Key Points: 
  • ATLANTA, Jan. 18, 2021 /PRNewswire/ -- JAN-PRO Systems International one of the nation's largest franchisors of commercial cleaning and disinfecting franchises announces the brand was part of a major acquisition, as MidOcean Partners acquired LYNX Franchising a multi-brand platform with a collection of B2B essential services, including Intelligent Office, FRSTeam, and JAN-PRO Systems International.
  • MidOcean Partners is experienced in helping service brands expand, and as the LYNX Franchising brands continue to grow, the partnership between the two companies is poised to flourish.
  • The resources provided by MidOcean Partners will greatly aid JAN-PRO Systems International in these expansion efforts.
  • LYNX Franchising is headquartered in Alpharetta, Georgia.

Lexington Partners Opens São Paulo Office, Expanding Presence in Latin America

Friday, January 15, 2021 - 2:07pm

NEW YORK and SO PAULO, Jan. 15, 2021 /PRNewswire/ --Lexington Partners ("Lexington"), a leading global alternative investment manager, today announced it has opened an office in So Paulo, Brazil.

Key Points: 
  • NEW YORK and SO PAULO, Jan. 15, 2021 /PRNewswire/ --Lexington Partners ("Lexington"), a leading global alternative investment manager, today announced it has opened an office in So Paulo, Brazil.
  • The new office will be Lexington's second in Latin America, following the opening of a regional headquarters in Santiago, Chile in 2016.
  • "As a global secondary market leader, Lexington Partners established an early presence in Latin America.
  • The new So Paulo office will supplement Lexington's existing Santiago office, from which the firm covers its extensive investor base in Latin America.

Swanston joins Rise Run Capital as Partner

Thursday, January 14, 2021 - 5:51pm

DALLAS, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Dallas-based Rise Run Capital (Rise Run) announced Alex Swanston has joined the firm as a Partner.

Key Points: 
  • DALLAS, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Dallas-based Rise Run Capital (Rise Run) announced Alex Swanston has joined the firm as a Partner.
  • Additionally, as a Partner, Mr. Swanston will play a critical role in supporting Rise Runs strong culture and investing philosophy.
  • "We are excited to have Alex join our team given his strong reputation within the private equity community," said Rise Run Partner Corbin Cook.
  • Rise Run Capital is a Dallas, Texas based private equity firm which invests capital in middle market companies with a focus on consumer retail products, manufacturing, healthcare, distribution and logistics, and service companies.

Audax Private Equity Announces Successful Closing of $1.7 billion Continuation Fund Led by AlpInvest Partners, Lexington Partners, and Hamilton Lane

Thursday, January 14, 2021 - 12:30pm

Audax Private Equity (Audax) announced today the successful completion of its first Continuation Fund.

Key Points: 
  • Audax Private Equity (Audax) announced today the successful completion of its first Continuation Fund.
  • The fund is comprised of $1.7 billion in capital commitments, which funded the purchase of portfolio companies from Audax Private Equity Fund IV, a 2012 vintage fund with $1.25 billion in capital commitments.
  • The transaction was led by AlpInvest Partners, Lexington Partners, and Hamilton Lane, and comprised of a diverse group of secondary and primary investors, including Fund IV limited partners.
  • Audax Private Equity has invested over $6 billion in more than 135 platforms and over 925 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.

Quantile Technologies Secures $51 Million Growth Investment From Spectrum Equity

Thursday, January 14, 2021 - 9:00am

LONDON, Jan. 14, 2021 /PRNewswire/ -- Quantile Technologies (Quantile), a leading provider of portfolio optimisation services for the global financial services market, today announced that it has received a $51 million (38 million) minority investment from Spectrum Equity , a leading growth equity firm focused on Internet-enabled software and information services companies.

Key Points: 
  • LONDON, Jan. 14, 2021 /PRNewswire/ -- Quantile Technologies (Quantile), a leading provider of portfolio optimisation services for the global financial services market, today announced that it has received a $51 million (38 million) minority investment from Spectrum Equity , a leading growth equity firm focused on Internet-enabled software and information services companies.
  • They are making the financial system safer, and we look forward to supporting Quantile's mission-driven and product-led growth," said Parag Khandelwal, Principal at Spectrum Equity.
  • In conjunction with Spectrum's investment, Mike Farrell from Spectrum Equity will join Quantile's Board of Directors.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

Silver Lake Completes $20 Billion Fundraise for SLP VI

Wednesday, January 13, 2021 - 2:25pm

Silver Lake, the global leader in technology investing, announced today that it raised approximately $20 billion for Silver Lake Partners VI, reaching its hard cap for limited partner capital commitments and including more than $500 million from the general partner.

Key Points: 
  • Silver Lake, the global leader in technology investing, announced today that it raised approximately $20 billion for Silver Lake Partners VI, reaching its hard cap for limited partner capital commitments and including more than $500 million from the general partner.
  • In total, Silver Lake now manages approximately $75 billion in combined assets under management and committed capital.
  • Silver Lake's diverse ecosystem of portfolio companies collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally.
  • Silver Lakes portfolio of investments collectively generates more than $180 billion of revenue annually and employs more than 400,000 people globally.

Angelo Gordon’s Twin Brook Capital Partners Commits Over $925 Million to Private Equity-Backed Healthcare Transactions in 2020

Wednesday, January 13, 2021 - 12:30pm

Twin Brook Capital Partners (Twin Brook or the Firm), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.

Key Points: 
  • Twin Brook Capital Partners (Twin Brook or the Firm), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed over $925 million to private equity sponsors in support of healthcare transactions last year, completing 26 healthcare transactions across 10 subsectors.
  • An experienced lender in the space, Twin Brook has deployed over $4.2 billion across more than 100 middle market healthcare transactions since inception.
  • The Firm targets senior financing opportunities up to $400 million with hold sizes across the Twin Brook platform ranging from $25 million up to $150 million.
  • Twin Brook Capital Partners is a finance company focused on providing cash-flow based financing solutions for the middle market private equity community.