Private equity secondary market

OrbiMed Raises $3.5 Billion Across Private Investment Funds

Retrieved on: 
Monday, March 1, 2021
Science, Research, Finance, General Health, Health, Consulting, Banking, Professional services, Finance, Money, Investment, Private equity secondary market, Financial markets, Private equity, Corporate finance, Private-equity fund, Fondinvest Capital, HarbourVest Partners

OrbiMed, a leading life sciences investment firm, announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III.

Key Points: 
  • OrbiMed, a leading life sciences investment firm, announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III.
  • Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds and sovereign wealth funds.
  • These new funds bring OrbiMeds assets under management to approximately $18 billion across public equity, private equity and credit/royalty strategies.
  • OrbiMed invests globally across the healthcare industry through a range of private equity funds, public equity funds, and royalty/credit funds.

HarbourVest Announces Final Close of Real Assets Fund IV

Retrieved on: 
Thursday, February 25, 2021
Banking, Entertainment, Professional services, Film & Motion Pictures, Finance, Investment, HarbourVest Partners, Real assets, Private equity secondary market

HarbourVest Partners, a global private markets asset manager, today announced the final close of Real Assets Fund IV (the Fund), its latest infrastructure and real assets fund.

Key Points: 
  • HarbourVest Partners, a global private markets asset manager, today announced the final close of Real Assets Fund IV (the Fund), its latest infrastructure and real assets fund.
  • The Funds closing announcement follows the October 2020 final close of Adelaide, HarbourVests $384 million core yielding infrastructure vehicle.
  • Since the creation of our dedicated infrastructure and real assets team in 2014, we have deployed over $2.4 billion* across a range of infrastructure and real assets deals including secondary and direct transactions, continued Warn-Schindel.
  • The Fund targets value-add infrastructure and real assets opportunities with a focus on identifying compelling investments to provide liquidity solutions for General Partners and limited partners.

York Capital Bolsters Private Equity Team and Announces Promotions

Retrieved on: 
Wednesday, February 24, 2021
Banking, Professional services, Finance, Finance, Money, Private equity secondary market, Investment, Equity securities, Corporate finance, Private equity, HarbourVest Partners, Capital Dynamics

York Capital Management (York), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined Yorks private equity group as Managing Director.

Key Points: 
  • York Capital Management (York), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined Yorks private equity group as Managing Director.
  • We are delighted to add an executive with Seths skillset and leadership capabilities to our team, said Zalmie Jacobs, Partner and Head of Private Equity at York.
  • In April 2020, York successfully closed its third and largest private equity fund, YSOF III, with capital commitments of approximately $800 million.
  • York Capital employs approximately 50 investment professionals and over 150 employees globally, primarily in New York, London and Hong Kong.

Grafine Partners Names Julie Fisher as Managing Director

Retrieved on: 
Tuesday, February 23, 2021
Providence Equity Partners, Private equity secondary market, Alternative investment management companies, Finance, Friedman Fleischer & Lowe

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Grafine Partners , an alternative asset management firm that takes a creative approach to investing private capital, today announced the appointment of Julie Fisher as Managing Director.

Key Points: 
  • NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Grafine Partners , an alternative asset management firm that takes a creative approach to investing private capital, today announced the appointment of Julie Fisher as Managing Director.
  • Ms. Fisher, a former Managing Director and longtime investor relations expert at Providence Equity Partners, will focus primarily on business development and relationships with Grafine's capital partners globally.
  • Ms. Fisher joins a talented group of investment professionals at Grafine with a diverse array of backgrounds from structuring and due diligence to manager selection and portfolio construction.
  • Prior to joining Grafine, she was a Managing Director at Providence, a global private investment firm focused on the media and communications industries.

Yellow Wood Partners Announces Five Promotions

Retrieved on: 
Wednesday, February 17, 2021
Private equity secondary market

Dana Schmaltz, Partner of Yellow Wood Partners, said, "We are excited to distinguish this group of talented professionals.

Key Points: 
  • Dana Schmaltz, Partner of Yellow Wood Partners, said, "We are excited to distinguish this group of talented professionals.
  • They are indicative of the deep consumer talent within Yellow Wood.
  • Sarah joined Yellow Wood Partners in 2019 with a history of excelling in the private equity sector.
  • Yellow Wood Partners is a Boston-based private investment firm that invests exclusively in the consumer industry in the middle market.

Hamilton Lane Closes its Largest Fund To-Date, Collecting $3.9 Billion for its Fifth Secondaries Vehicle

Retrieved on: 
Tuesday, February 16, 2021
Private equity secondary market, Finance, Alternative investment management companies, Lexington Partners

BALA CYNWYD, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announcedthe final close of Hamilton Lane Secondary Fund V, L.P. (the "Fund" or Fund V), a global and diversified private equity secondary vehicle.

Key Points: 
  • BALA CYNWYD, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announcedthe final close of Hamilton Lane Secondary Fund V, L.P. (the "Fund" or Fund V), a global and diversified private equity secondary vehicle.
  • The Fund closed with $3.9 billion of capital commitments, exceeding its $3 billion target and marking Hamilton Lanes largest fundraise to-date.
  • Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world.
  • Hamilton Lane has approximately $657 billion in assets under management and supervision, composed of approximately $76 billion in discretionary assets and approximately $581 billion in advisory assets, as of December 31, 2020.

Guardian Capital Announces February 2021 Distributions for Guardian Capital ETFs

Retrieved on: 
Friday, February 12, 2021
Guardian Capital Group, Investment fund, Pension, Finance, Investment management, Money, Investment, Private equity secondary market, Virtus Investment Partners

Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and each of the Guardian ETFs.

Key Points: 
  • Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and each of the Guardian ETFs.
  • Additionally, Guardian Capital manages portfolios for defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds.
  • Guardian Capital is a wholly-owned subsidiary of Guardian Capital Group Limited.
  • For further information on Guardian Capital, please call 416-350-8899 or visit www.guardiancapital.com .

Peloton Equity Closes Fund II at $152.25 Million

Retrieved on: 
Thursday, February 11, 2021
General Health, Finance, Banking, Health, Professional services, Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private equity secondary market, Motion Equity Partners

Peloton Equity, LLC (Peloton), a healthcare-focused private equity firm, has closed its second fund Peloton Equity II, L.P. (Fund II) with $152.25 million in limited partner and general partner commitments.

Key Points: 
  • Peloton Equity, LLC (Peloton), a healthcare-focused private equity firm, has closed its second fund Peloton Equity II, L.P. (Fund II) with $152.25 million in limited partner and general partner commitments.
  • Commitments to Fund II came from a diverse set of investors, including healthcare organizations, financial institutions, fund of funds, family offices, and individuals.
  • We are excited to announce the final close on Fund II, said Ted Lundberg, Co-Founder and Managing Partner of Peloton Equity.
  • Peloton Equity, LLC ( pelotonequity.com ) is a Connecticut-based private equity firm focusing exclusively on growth capital investments in the healthcare industry.

Yukon Supports Norwest Equity Partners’ Investment in recteq

Retrieved on: 
Tuesday, February 9, 2021
Other Consumer, Professional services, Consumer, Finance, Finance, Money, Financial markets, Investment, Norwest, Private equity, Private equity secondary market, Norwest Venture Partners, recteq, Yukon Partners, Norwest Equity Partners

Yukon Partners (Yukon), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce that it has partnered with Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) to support an investment in recteq (or the Company).

Key Points: 
  • Yukon Partners (Yukon), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce that it has partnered with Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) to support an investment in recteq (or the Company).
  • Michael Hall, Managing Partner of Yukon, stated, We are excited to partner with NEP and NMP again, as well as the recteq management team.
  • Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada.
  • Founded in 1961, Norwest Equity Partners is a leading middle market investment firm that invests equity capital in companies that are leaders in their industry, with proven business models that demonstrate the ability to generate profits.

DGAP-News: Golding Capital Partners GmbH: Golding closes its biggest buyout fund to date at a record volume of €375 million

Retrieved on: 
Tuesday, February 9, 2021
Finance, Investment, Private equity secondary market, Alternative investment management companies

February 2021 - Golding Capital Partners, one of Europe's leading independent asset managers for alternative investments, has held the final closing of its largest ever buyout programme, Golding Buyout 2018, with record commitments of some 375 million.

Key Points: 
  • February 2021 - Golding Capital Partners, one of Europe's leading independent asset managers for alternative investments, has held the final closing of its largest ever buyout programme, Golding Buyout 2018, with record commitments of some 375 million.
  • Investors will be able to subscribe to the successor of the successful investment programme in the second half of 2021.
  • In the Golding Buyout 2018 programme the asset manager works with established, mostly invitation-only fund managers in Europe and North America to exploit the return potential of small and mid-cap buyout transactions.
  • Ultimately the portfolio is expected to consist of around 300 buyout transactions, broadly diversified across regions, fund managers and vintage years.