| | Closing time: Atomico's fifth fund to focus on Europe
It's all about fundraising this week as we report on several fund closings including Atomico's fifth offering at USD820 million. Private Equity Wire's Karin Wasteson finds out from Camilla Richards, partner and head of investor relations, how the firm has “increased its focus over the years to really double down its efforts in Europe.”
According to Richards, the fund will target companies that facilitate “transformational change,” within sectors including healthcare, the technology to transform the way we grow our food, to housing, and every aspect of technology.
Another fund in the spotlight this week is Israeli VC firm Grove Ventures' second offering, which has closed at USD120 million, and will look to back early-stage deep technology startups looking to gain traction in European and US markets.
We also have news of Align Capital Partners' USD450 million Fund II, plus Pamlico Capital's fifth fund which has secured USD1.4 billion in capital commitments and will focus on equity and buyout opportunities within the business and technology services, communications and healthcare sectors in North America.
Private Equity Wire
| | | | | | | | | | | | US deal value in UK jumps over 50 per cent as PE groups exploit depressed valuations | | Fri | 21 Feb 2020, 10:19 | | Global law firm Mayer Brown has found that the total annual value of acquisitions of UK companies by US private equity funds jumped 53 per cent last year to GBP14.2 billion; up from GBP9.3 billion in 2018. It is the latest sign of favourable market economics in the UK, which has seen a widening valuation gap relative to European listed equities as the country has convulsed from the vacillations of Brexit. |
| | | | | | | | Align Capital Partners closes Fund II at USD450m hard cap | | Fri | 21 Feb 2020, 10:19 | | Align Capital Partners (ACP) has closed its second private equity investment fund, Align Capital Partners Fund II, LP and Align Capital Partners Fund II-A, LP (ACP II) at its hard cap of USD450 million. |
| | | | Pamlico Capital closes USD1.4bn fund V | | Fri | 21 Feb 2020, 10:19 | | Pamlico Capital (Pamlico), a lower middle market private equity firm focused on growth-oriented businesses, has held the first and final close of Pamlico Capital V (PC V) at the fund’s hard cap with total commitments of USD1.4 billion. |
| | | | | | | | | | | Mitigating IT risk in alternative investment funds: Threats and trends in 2020 As we move into 2020, investors, need to focus on understanding cyber threats and trends as well as the wider implications to IT risk, both within PE firms and their underlying portfolio companies. In this webinar, James Williams of Private Equity Wire and Hedgeweek, and George Ralph, Managing Director, RFA, considered some key trends that might emerge in 2020 and the options available to GPs for containing and managing technology risk. |
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