Private equity

KKR Income Opportunities Fund Declares Monthly Distributions of $0.105 Per Share

Tuesday, January 19, 2021 - 9:30pm

The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Key Points: 
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • KKR Income Opportunities Fund is a diversified, closed-end management investment company managed by KKR Credit Advisors (US) LLC (KKR Credit), an indirect subsidiary of KKR & Co. Inc. (KKR).
  • KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

David O. Page Joins DC Capital Partners

Tuesday, January 19, 2021 - 8:26pm

ALEXANDRIA, Va., Jan. 19, 2021 /PRNewswire/ -- DC Capital Partners , a leading middle market, private equity firm focused on the Government and Engineering markets, announced today that David O.

Key Points: 
  • ALEXANDRIA, Va., Jan. 19, 2021 /PRNewswire/ -- DC Capital Partners , a leading middle market, private equity firm focused on the Government and Engineering markets, announced today that David O.
  • David Page said, "I am looking forward to being a part of the DC Capital team as they evolve.
  • Page partnered with DC Capital Partners to form SC3, LLC and served as the Company's CEO from its startup in 2008 until its sale in 2017.
  • DC Capital Partners is a private equity investment firm headquartered outside the nation's capital, in Alexandria, Virginia.

Falfurrias Capital Partners Adds to Crosslake With Acquisition of Corsis

Tuesday, January 19, 2021 - 7:42pm

Crosslake performs technical due diligence work on behalf of private equity firms and supports portfolio companies after an investment to enhance their software and accelerate growth.

Key Points: 
  • Crosslake performs technical due diligence work on behalf of private equity firms and supports portfolio companies after an investment to enhance their software and accelerate growth.
  • Together, Crosslake and Corsis will offer private equity clients and their portfolio companies with a comprehensive suite of services that accelerate growth, minimize risk, and maximize value throughout the hold period.
  • "Beyond anything else, Crosslake is dedicated to accelerating our customers' business growth and return on investment," said Russ Albright, founder, Crosslake Technologies.
  • "Corsis is the next logical step and a complementary acquisition to Crosslake's evolution, and we believe they'll be able to drive significantly more value to private equity firms as one integrated team," said Wilson Sullivan, Partner, Falfurrias Capital Partners.

Signet Healthcare and Bionpharma Sell CoreRx, a Leading Contract Development and Manufacturer

Tuesday, January 19, 2021 - 7:10pm

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Signet Healthcare Partners and Bionpharma Inc today announced the sale of CoreRx, a global contract development and manufacturing organization ("CDMO").

Key Points: 
  • NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Signet Healthcare Partners and Bionpharma Inc today announced the sale of CoreRx, a global contract development and manufacturing organization ("CDMO").
  • Following the sale to private equity firm NovaQuest Private Equity, Signet Healthcare Partners will retain a meaningful equity stake in CoreRx.
  • Signet invested in CoreRx in 2015 and Bionpharma, a Signet portfolio company, became a shareholder in 2017.
  • During the past five years, Signet has worked alongside management to builddeep development expertisethatallows it to solve complex formulation challenges.

Nilesh Patel Joins Cellanyx Board of Directors

Tuesday, January 19, 2021 - 7:45pm

Cellanyx today announced that Nilesh Patel has been appointed to the Cellanyx board of directors.

Key Points: 
  • Cellanyx today announced that Nilesh Patel has been appointed to the Cellanyx board of directors.
  • Nilesh is a private equity executive with an extensive background in strategy, operations, analytics and corporate finance.
  • Nilesh is an early investor in Cellanyx and shares its vision of developing novel cancer tests based on live tumor cell analysis and advanced AI technologies to enhance clinical decision making, said Pravin Chaturvedi, PhD, Cellanyx Executive Chairman.
  • Prior to CFC, Nilesh was vice president of strategy & portfolio development at Devonshire Investors the private equity arm of Fidelity Investments.

Katapult and FinServ to Present at the Northland SPAC Conference

Tuesday, January 19, 2021 - 6:45pm

Katapult Holdings, Inc. (Katapult), an e-commerce focused financial technology company, and FinServ Acquisition Corp. (NASDAQ: FSRV) (FinServ), a special purpose acquisition company, today announced they will present at the Northland SPAC Conference.

Key Points: 
  • Katapult Holdings, Inc. (Katapult), an e-commerce focused financial technology company, and FinServ Acquisition Corp. (NASDAQ: FSRV) (FinServ), a special purpose acquisition company, today announced they will present at the Northland SPAC Conference.
  • Katapult and FinServ management will present on Wednesday, January 20, 2021 at 12:00 p.m. Eastern Time and it will be webcast live.
  • The live audio webcast will be available on the FinServ Investor Relations website at https://finservacquisition.com/ .
  • Katapult provides POS lease purchase options for consumers challenged with accessing traditional financial products who are seeking to obtain everyday durable goods.

ACRE (Asia Capital Real Estate) Announces $320 Million Commitment From Almanac Realty Investors

Tuesday, January 19, 2021 - 4:00pm

Asia Capital Real Estate (ACRE), a global real estate private equity firm managing capital for institutional and family office investors, today announced that a fund managed by Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, has made a $320 million capital commitment to various funds managed by ACRE.

Key Points: 
  • Asia Capital Real Estate (ACRE), a global real estate private equity firm managing capital for institutional and family office investors, today announced that a fund managed by Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, has made a $320 million capital commitment to various funds managed by ACRE.
  • ACRE aims to invest over $2 billion through its upcoming private equity funds, and has already deployed over $300 million in loans, with the support of Almanac and other investors.
  • Almanacs $320 million commitment comes in the midst of a volatile year in the commercial real estate industry, as investors wrestle with market disruption brought on by the COVID-19 pandemic.
  • About Almanac Realty Investors Since 1996, Almanacs (together with its predecessor, Rothschild Realty, Inc.) primary activity has been making growth capital investments into private and public companies which own and operate real estate in North America.

SPINS Announces Growth Investment Led by Warburg Pincus

Tuesday, January 19, 2021 - 2:55pm

CHICAGO, Jan. 19, 2021 /PRNewswire/ --SPINS, a leading wellness-focused data, analytics and technology provider in the U.S., today announced a significant investment from Warburg Pincus, General Atlantic and Georgian.

Key Points: 
  • CHICAGO, Jan. 19, 2021 /PRNewswire/ --SPINS, a leading wellness-focused data, analytics and technology provider in the U.S., today announced a significant investment from Warburg Pincus, General Atlantic and Georgian.
  • We are incredibly excited to partner with Tony and the rest of the SPINS team," said Stephanie Geveda, Managing Director, Head of Business Services, Warburg Pincus.
  • "This investment underscores our long-term commitment to strategically invest in market-leading, vertical-specific B2B information services businesses that capture unique data," added Justin Sadrian, Managing Director, Technology, Warburg Pincus.
  • Warburg Pincus LLC is a leading global private equity firm focused on growth investing.

J.P. Morgan Releases 2021 Alternatives Outlook as Investors Increasingly Turn to Alternatives in Search of Alpha, Income and Diversification

Tuesday, January 19, 2021 - 2:30pm

As investors have a tough time finding income, we expect the relatively attractive yield associated with infrastructure will stand out.

Key Points: 
  • As investors have a tough time finding income, we expect the relatively attractive yield associated with infrastructure will stand out.
  • J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world.
  • J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
  • Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our privacy policies at https://am.jpmorgan.com/global/privacy .

Mother Superior™ Launches Venture Foundry to Redefine Early Stage VC

Tuesday, January 19, 2021 - 2:02pm

SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- Mother Superior , a new Venture and Social Purpose Foundry, has today launched its Venture Foundry to redefine and redesign venture capital.

Key Points: 
  • SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ -- Mother Superior , a new Venture and Social Purpose Foundry, has today launched its Venture Foundry to redefine and redesign venture capital.
  • To redefine venture capital, Mother Superior first redefined founders.
  • The Venture Foundry exists to redefine venture possibilities for entrepreneurs whose only failure is their lack of connections.
  • Mother Superior is a venture and social purpose foundry, on a mission to elevate Everyday Founders and re-align brands with meaningful social purpose initiatives.