| View this email online The Wire Nov. 19, 2021 Bain Capital leads impact funding in edtech platform HiMama, Genstar agrees to buy Brook + Whittle from Snow Phipps successor firm Happy Friday! Edtech: Bain Capital is leading an investment into HiMama, a software provider for childcare centers, through its Double Impact fund platform. The company provides a software platform for childcare centers. The investment will enable the company to expand its offering to childcare centers in Canada and the US, as well as grow through acquisition. Bain led the $70 million Series B funding round, with participation from existing investors Round13 Ventures and Business Development Bank of Canada, writes Aaron Weitzman on the Hub today. Read more here. Update: Yesterday we talked about Equality Asset Management. We have some updated info for you — the firm continues to raise its debut fund, which has closed on more than $200 million. The firm also chose to go with a more mainstream fee/carry arrangement, rather than the 5 percent hard hurdle it had talked about early in the fundraising. The firm made the decision after talks with LPs, according to a person with knowledge of the firm. That’s it for me! Have a great weekend. Hit me up with tips n’ gossip, feedback and The Drama at [email protected] or over on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) Halfway there: Brookfield Asset Management, one of the world's largest alternatives firms by assets under management, is halfway to the second-largest pool of capital yet raised for a real estate secondaries strategy. (Secondaries Investor) Talent poach: Asian family offices are expected to start competing with North America on compensation amid a regional shortage of affordable investment talent. (Private Equity International) Ill-advised: Hostility towards private equity's push into property is misguided (Economist) That's the tea: Unilever to sell Lipton Tea to CVC Capital for $5B (WSJ and FT) Investor group pledges $1.3B to data-security platform Lacework (WSJ Pro) KKR plans to back crypto firm Anchorage fundraise at $3B valuation (Coindesk) PE Deals They said it “In this market, groups are launching early, or it is a soft launch, as a way to get to the top of the LP queue early.” — Family office LP talks about the fundraising environment. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 