Private equity

New Mountain Capital Completes $10.2 Billion of Private Equity Fundraising in 2020

Retrieved on: 
Thursday, January 14, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment, Financial markets, Private equity, New Mountain Capital, Private-equity fund, Alternative investment, CDH Investments, H.I.G. Capital

New Mountain Capital, LLC (New Mountain), a leading growth-oriented alternative investment firm headquartered in New York, today announced the closing of two new private equity funds, totaling over $10.2 billion in aggregate capital commitments.

Key Points: 
  • New Mountain Capital, LLC (New Mountain), a leading growth-oriented alternative investment firm headquartered in New York, today announced the closing of two new private equity funds, totaling over $10.2 billion in aggregate capital commitments.
  • These funds include New Mountains sixth flagship private equity fund, New Mountain Partners VI, L.P. (Fund VI), with $9.6 billion of capital, and its first non-control private equity fund, Strategic Equity Fund I, L.P. (SEF I), with $640 million of capital.
  • New Mountain, founded in 2000, manages over $30 billion in aggregate assets in private equity, credit, net lease real estate and public equity funds.
  • The firm currently manages private equity, credit, net lease real estate and public equity funds with over $30 billion in assets under management.

Sustainment Closes $2.1 Million Funding Round Led by Blackhorn Ventures

Retrieved on: 
Thursday, January 14, 2021
Corporate finance, Entrepreneurship, Private equity, Venture capital, Economy

AUSTIN, Texas, Jan. 14, 2021 /PRNewswire-PRWeb/ -- Sustainment, the software company transforming how business and government teams discover and engage with US manufacturers, today announced the close of an oversubscribed $2.1 million financing round led by Blackhorn Ventures.

Key Points: 
  • AUSTIN, Texas, Jan. 14, 2021 /PRNewswire-PRWeb/ -- Sustainment, the software company transforming how business and government teams discover and engage with US manufacturers, today announced the close of an oversubscribed $2.1 million financing round led by Blackhorn Ventures.
  • Blackhorn is joined by Congress Avenue Ventures and numerous strategic angel investors.
  • "The adoption of Sustainment by DoD and state government clients speaks to the effectiveness of its platform and this experienced team's vision."
  • Blackhorn Ventures is an early-stage venture capital firm that invests in companies using breakthroughs in engineering and science, coupled with the infrastructure of the Information Revolution, to redefine resource productivity.

Periscope Equity Invests in WPAS

Retrieved on: 
Thursday, January 14, 2021
Finance, Money, Economy, Corporate finance, Investment, Private equity, Periscope

CHICAGO, Jan. 14, 2021 /PRNewswire/ -- Periscope Equity ("Periscope") today announced its investment in Welfare & Pension Administration Service, Inc. ("WPAS"), a leading independent third-party administrator to Taft-Hartley and government trust funds.

Key Points: 
  • CHICAGO, Jan. 14, 2021 /PRNewswire/ -- Periscope Equity ("Periscope") today announced its investment in Welfare & Pension Administration Service, Inc. ("WPAS"), a leading independent third-party administrator to Taft-Hartley and government trust funds.
  • WPAS represents the fifth platform investment of Periscope Equity I, L.P.
    WPAS has been providing high-quality administrative services to the Taft-Hartley industry since 1953.
  • Periscope is a Chicago-based private equity rm, which makes investments in founder-owned technology-enabled service and software companies, and WPAS will represent its third current portfolio company within healthcare technology.
  • Periscope Equity is a Chicago-based private equity firm focused on investments in technology-enabled service and software companies acrossDigital Marketing, Healthcare Technology, Security Solutions, and Business Process Automation.

LendingPoint Announces $125 Million Growth Investment from Warburg Pincus

Retrieved on: 
Thursday, January 14, 2021
Professional services, Finance, Finance, Money, Investment, Warburg Pincus, Warburg family, Pincus, Private equity, Lee Kranefuss, Dominic Shorthouse, LendingPoint, Warburg Pincus

LendingPoint, a financial technology platform, today announced a $125 million preferred equity investment from Warburg Pincus, a leading global private equity firm focused on growth investing.

Key Points: 
  • LendingPoint, a financial technology platform, today announced a $125 million preferred equity investment from Warburg Pincus, a leading global private equity firm focused on growth investing.
  • We are thrilled to partner with Warburg Pincus as we continue to make the investments in data science and technology to better serve our customers.
  • Together with the Warburg Pincus investment, LendingPoint has raised more than $325 million of equity to date.
  • Warburg Pincus LLC is a leading global private equity firm focused on growth investing.

Crestbridge announces Private Equity heavyweight appointment as business targets further growth

Retrieved on: 
Thursday, January 14, 2021
Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private-equity fund, Private-equity firm

LONDON, Jan. 14, 2021 /PRNewswire/ -- Crestbridge, the agile alternative for private equity and real estate administration solutions, has appointed Alex Di Santo as Group Head of Private Equity.

Key Points: 
  • LONDON, Jan. 14, 2021 /PRNewswire/ -- Crestbridge, the agile alternative for private equity and real estate administration solutions, has appointed Alex Di Santo as Group Head of Private Equity.
  • In his new role, Alex is responsible for the development and implementation of Crestbridge's private equity fund services strategy including maintaining the highest levels of client care.
  • He will have additional responsibilities in raising the business' profile in the private equity fund services space, as well as identifying and targeting new and strategically important revenue opportunities.
  • He has significant specialist expertise in private capital covering private debt and private equity (spanning venture, growth and buyout).

Crestbridge announces Private Equity heavyweight appointment as business targets further growth

Retrieved on: 
Thursday, January 14, 2021
Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private-equity fund, Private-equity firm

LONDON, Jan. 14, 2021 /PRNewswire/ -- Crestbridge, the agile alternative for private equity and real estate administration solutions, has appointed Alex Di Santo as Group Head of Private Equity.

Key Points: 
  • LONDON, Jan. 14, 2021 /PRNewswire/ -- Crestbridge, the agile alternative for private equity and real estate administration solutions, has appointed Alex Di Santo as Group Head of Private Equity.
  • In his new role, Alex is responsible for the development and implementation of Crestbridge's private equity fund services strategy including maintaining the highest levels of client care.
  • He will have additional responsibilities in raising the business' profile in the private equity fund services space, as well as identifying and targeting new and strategically important revenue opportunities.
  • He has significant specialist expertise in private capital covering private debt and private equity (spanning venture, growth and buyout).

EQS-News: Property One Investors AG: ONE Real Estate Debt Fund will be launched as the first Swiss fund for private real estate debt investments with a target size of CHF 200 million

Retrieved on: 
Thursday, January 14, 2021
Finance, Money, Private equity, Investment, Private equity real estate, Real estate investing, Real estate investment trust

OREDF is a Swiss investment fund for qualified investors of the type "other funds for alternative investments" according to CISA (Swiss Collective Investment Schemes Act) with unlimited duration.

Key Points: 
  • OREDF is a Swiss investment fund for qualified investors of the type "other funds for alternative investments" according to CISA (Swiss Collective Investment Schemes Act) with unlimited duration.
  • Private real estate debt offers investors yield opportunities of more than 5%, which is attractive in the current negative interest rate environment.
  • Real estate developers based in Switzerland have access to transitional and project financing through the ONE Real Estate Debt Fund.
  • Loans are granted exclusively for prime residential and commercial real estate in Switzerland, excluding owner-occupied residential property.

US Venture Exit Value Achieved $290 Billion in 2020 Alongside Record Years for Investment and Fundraising Activity

Retrieved on: 
Thursday, January 14, 2021
Corporate finance, Private equity

The US VC liquidity market exceeded expectations in 2020, with a group of massive IPOs driving exit value over 2019's strong showing.

Key Points: 
  • The US VC liquidity market exceeded expectations in 2020, with a group of massive IPOs driving exit value over 2019's strong showing.
  • Aggregate exit value in Q4 2020 reached $138.2 billion, bringing the annual total to $290.1 billion and surpassing the historic total of 2019.
  • Mega-deals ($100M+) also achieved a record 321 deals closed in 2020, accruing a total of $70.9 billion, which surpasses the previous record of $64.6 billion set in 2018.
  • VC firms raised a record $73.6 billion in 2020 across 321 funds, eclipsing 2018's previous record of $68.1 billion.

ESO Recognized as a Top Austin Workplace, Making Built In Austin's List of Top 100 Best Places to Work in Austin

Retrieved on: 
Wednesday, January 13, 2021
Entrepreneurship, Private equity, Startup company

Additionally, ESO was named one of the top ten midsize companies to work for in Austin, as well as one of the best paying companies .

Key Points: 
  • Additionally, ESO was named one of the top ten midsize companies to work for in Austin, as well as one of the best paying companies .
  • The annual awards include companies of all sizes, from startups to enterprise, nationally and in the eight largest tech markets.
  • Built In determines winners for Best Places to Work based on an algorithm, using company data about compensation, benefits and cultural programs.
  • Tech professionals rely on Built In's Best Places to Work lists to discover employers that align with their preferences, passions and values.

Organogenesis Holdings Inc. Reports Preliminary Financial Results for Fourth Quarter and Fiscal Year 2020

Retrieved on: 
Wednesday, January 13, 2021
Earnings before interest, taxes, depreciation and amortization, Fundamental analysis, Private equity, Profit, Finance, Income, Money

Fourth Quarter 2020 Preliminary Financial Results Summary:

Key Points: 
  • Fourth Quarter 2020 Preliminary Financial Results Summary:
    Net revenue of between $104.6 million and $106.0 million for the three months ended December 31, 2020, up 40% to 42% compared to net revenue of $74.6 million for the three months ended December 31, 2019.
  • The Company expects to report positive GAAP net income and positive Adjusted EBITDA for the three months ended December 31, 2020.
  • Fiscal Year 2020 Preliminary Financial Results Summary:
    Net revenue of between $336.1 million and $337.5 million for the twelve months ended December 31, 2020, up approximately 29% compared to net revenue of $261 million for the twelve months ended December 31, 2019.
  • The Company expects to report positive GAAP net income and positive Adjusted EBITDA for the full fiscal year 2020 period.