KKR Closes $2.8 Billion Global Impact Fund II

KKR

Second Impact Fund More than Doubles Size of First,
Underscores Commitment to Contributing to the UN Sustainable Development Goals

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund II (“GIF II” or the “Fund”), a $2.8 billion fund dedicated to investing in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals (“SDGs”). The Fund is the successor fund to the first KKR Global Impact Fund.

“We launched KKR Global Impact in 2018 because we saw an opportunity to invest behind proven companies that deliver scalable, commercial solutions to global problems,” said Robert Antablin, KKR Partner and Co-Head of KKR Global Impact. “Since then, that opportunity set has continued to grow, and we are thrilled with the outcomes our portfolio companies have been able to achieve. We are grateful for the support of our investors who share our conviction in this space, which we believe is well placed given the strong performance of our first fund.”

Global Impact contributes to the SDGs by investing in companies where financial performance and positive societal impact are aligned, with a focus on four key investment themes: Climate Action, Sustainable Living, Lifelong Learning, and Inclusive Growth. These themes seek to address critical and locally-relevant challenges, including climate change and its consequences, reliance on non-renewable resources and increasing waste, lack of access to quality education and the widening skills gap, and social and economic inequality.

“Globally, there is increased urgency to solve some of the world’s greatest challenges, such as the energy transition, supply chain resiliency, digitization and a shortage of skilled workers. For example, analysis by KKR Global Impact portfolio company Lightcast found that the skills requested for the average U.S. job have changed 37% since 2016, requiring a significant acceleration of upskilling1,” said Ken Mehlman, KKR Partner and Co-Head of KKR Global Impact. “We believe our Global Impact strategy is well-positioned to invest behind these macro tailwinds.”

The dedicated KKR Global Impact team is comprised of more than 20 people and is supported by KKR’s full suite of global resources, which allows the team to offer more than just capital to support companies. Since its launch in 2018, KKR Global Impact has invested in 18 companies including GreenCollarCoolITAdvantaLightcast (formerly known as Emsi Burning Glass), and CMC Machinery.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, family offices, insurance companies, and other institutional investors. KKR will be investing $250 million of capital in the Fund alongside investors through the Firm’s balance sheet, affiliates and employee commitments.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

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1 Lightcast. “New Report Measures Blazing Pace of Skills Change,” May 2022.

Media
Liidia Liuksila or Emily Cummings
+1 212-750-8300
Media@kkr.com

Source: KKR

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KKR Closes Third Tech Growth Fund At Nearly $3 Billion

KKR

Latest Fund Represents KKR’s Largest Commitment to the Technology Growth Equity Sector

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the final close of KKR Next Generation Technology Growth Fund III (“NGT III” or the “Fund”), an approximately $3 billion fund focused on investing in leading growth technology companies across North America, Europe and Israel.

NGT III is the successor to the firm’s NGT I and NGT II growth funds. It continues KKR’s strategy of supporting high-growth technology companies by providing equity capital and access to the firm’s global capabilities and network.

The new fund comes at a time of accelerated digital transformation within enterprises globally, the next evolution of AI applications and the increasing adoption of technology in consumers’ daily lives. This has created an environment that will enable many new growth technology companies to emerge and scale.

“Even in challenging market environments, focusing on investing in technology that solves for the real needs of companies creates a long-term opportunity for performance. We’ve seen firsthand that innovation is a critical driver of investment returns,” said Dave Welsh, KKR Partner & Global Head of Tech Growth. “With the new fund, we are deepening our commitment to investing in leading companies that are advancing digital transformation by helping businesses operate and serve their customers better, and more securely.”

“KKR’s deep network of global resources has made us a partner of choice for some of the most innovative technology companies in the world, and our experience in the space has demonstrated a proven ability to add value and scale growing businesses,” said Jake Heller, Partner & Head of Tech Growth, Americas.

“Innovation across verticals coupled with organizations’ increasing reliance on technology has created an environment that is ripe for entrepreneurs to build sustainable and attractive business models. We see significant opportunity to continue partnering with the entrepreneurs leading these businesses and helping them achieve their growth ambitions,” said Stephen Shanley, Partner & Head of Tech Growth, Europe.

The Fund received strong support from a diverse group of both new and existing investors globally, including public pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments, private wealth and fintech platforms, family offices and high-net-worth individual investors. KKR will be investing approximately $435 million of capital in the Fund alongside investors through the Firm’s balance sheet, affiliates and employee commitments.

KKR has established a proven track record of supporting technology-focused growth companies, having invested over $21.6 billion in related investments since 2014 and built a dedicated global team of more than 35 investment professionals with deep technology growth equity expertise. The Firm has executed several transactions as part of its tech growth strategy, including DarkTraceKnowBe409OnestreamOutSystemsNetSPI and Restaurant365.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media:
Liidia Liuksila
212-750-8300
media@kkr.com

Source: KKR

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GTCR Closes $11.5 Billion Fund XIV

Fund to Support Management in Executing Upon Growth and Transformation
CHICAGO, IL — May 23, 2023

GTCR, a leading private equity firm, today announced the closing of GTCR Fund XIV (“Fund XIV” or the “Fund”), with aggregate commitments of $11.5 billion. The Fund, which had an initial target of $9.25 billion, reached its hard cap. The Fund includes total limited partner commitments of $11.0 billion and a commitment from GTCR of approximately $500 million. The predecessor fund, GTCR Fund XIII, was raised and initiated in 2020 with aggregate commitments of approximately $7.9 billion.

The Fund received strong support from limited partners in prior GTCR funds, many of whom have invested with the firm for decades, as well as several new investors. The diverse Fund XIV investor base includes leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, financial institutions and private wealth.

Consistent with GTCR’s investment approach, The Leaders Strategy™, Fund XIV will expand the firm’s capacity to partner with exceptional management leaders who have strong track records of value creation to identify, acquire and build market-leading companies in its core industry domains of Healthcare, Technology, Media & Telecom, Business & Consumer Services and Financial Services & Technology. GTCR’s investment approach emphasizes transformational growth to build better businesses with a long-term orientation.

On behalf of the firm, Dean Mihas and Collin Roche, Co-CEOs of GTCR, commented:

“We appreciate tremendously the support from our limited partners. That support is invaluable to us in working with our management partners to build great businesses through transformational growth and add-on acquisitions. This committed equity capital of Fund XIV positions GTCR and its investment teams with the resources to invest through periods of uncertainty and varied economic conditions.

For over four decades, GTCR’s approach has been to build deep domain expertise and broad executive relationships in our core industries. This approach enables us to partner with and support high caliber, experienced management leaders in pursuing opportunities for transformation, including corporate carve-outs, transformational mergers and growth through acquisition strategies. We also continue to build GTCR’s organization, growing our team, increasing our sourcing efforts and enhancing our ability to support management teams as they grow their businesses. We believe that our differentiated strategy, our high-quality and experienced team, and our committed capital resources position us to capitalize on unique opportunities in the current environment.”

“We are grateful for the confidence that GTCR’s limited partners have demonstrated in our team and in our strategy. We are focused on providing consistent, outstanding returns for our investors across economic environments, with a continued focus on alignment and transparency,” stated Jodi Rubenstein, Managing Director and Head of Investor Relations.

Kirkland & Ellis served as legal advisor to GTCR.

About GTCR
Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.

GTCR Contacts

Investor Relations
Jodi Rubenstein
312.382.2202
jodi.rubenstein@gtcr.com

Media Relations
Andrew Johnson
212.835.7042
andrew.johnson@gtcr.com

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Waterland announces closing of two new funds with €4.0 billion in capital raised in four months

Waterland

Waterland Private Equity Investments (“Waterland”) is pleased to announce the closing of its ninth institutional flagship fund, Waterland Private Equity Fund IX (“WPEF IX”) at € 3.5 billion, alongside Waterland Partnership Fund I (“WPF I”) at € 500 million. The funds closed at their respective hard caps four months after initial launch.

The fundraise attracted commitments from world-class institutional investors globally. The investor base for both funds is well diversified by geography, consisting of investors across Europe, North America, the Middle East and Asia Pacific. By investor type it consists of asset managers, public and private pension funds, insurance companies, sovereign wealth funds, endowments, foundations and family offices, amongst others.

Both funds were oversubscribed with demand significantly exceeding the fundraising targets. This is attributable to continued strong support from existing investors combined with significant interest from new investors.

WPEF IX expects to make investments in medium-sized companies in fragmented growth markets in Europe to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the firm’s prior funds over the last two decades. WPF I is a natural extension of the Waterland platform. WPF I expects to make minority investments in a very select number of Waterland portfolio companies when these are exited.

“The fundraisings for WPEF IX and WPF I have been a great success in a challenging fundraising market. It is a significant achievement for us to have closed both funds in just four months. We remain thankful for the strong support of our existing and new investors and their confidence in our team and strategy. We look forward to making investments with both funds and continue to see many attractive opportunities in our target region despite the volatile macro environment.” said Frank Vlayen, Group Managing Partner.

“We are grateful and humbled by this strong vote of confidence by our investors. We are looking forward to partnering closely with ambitious management teams across Europe to jointly execute buy-and-build programs. We will also continue to invest in our own firm to further strengthen our position as a leading local buy-and-build investor in Europe across our integrated network of 13 European offices.” said Cedric Van Cauwenberghe, incoming Group Managing Partner. As previously announced, Cedric Van Cauwenberghe will succeed Frank Vlayen as new Group Managing Partner of the firm later this year.

Marc Lutgen, Head of Investor Relations, said: “We are grateful for the strong support from existing and new LPs for this dual fundraise, despite the challenges faced by many investors in the past year. We look forward to a fruitful partnership as we strive to continue to deliver exceptional returns for our investors.”

Evercore Private Funds Group acted as the global strategic fundraising adviser for Waterland. Kirkland & Ellis International LLP acted as the global legal, tax and regulatory counsel. De Brauw Blackstone Westbroek N.V. acted as Dutch legal and regulatory counsel. Matheson LLP acted as Irish legal, tax and regulatory counsel.

About Waterland
Waterland is an independent European private equity investment group that supports entrepreneurs in realizing their growth ambitions. Waterland currently manages over € 14 billion of investor commitments and has made over 950 acquisitions, including over 150 platform investments and over 800 add-ons. Since its founding in 1999, Waterland has grown to more than 170 professionals operating across 13 offices in 11 countries. Waterland is a licensed Alternative Investment Fund Manager only offering interests to professional investors and is under the supervision of the Dutch Financial Services Authority (AFM).

For further information please contact:
Marc Lutgen, Head of Investor Relations, Waterland, lutgen@waterland.nu

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CVC Credit closes €400 million for eighth Performing Credit vehicle of 2022

CVC Capital Partners

CVC Credit is pleased to announce that it has successfully closed the Cordatus Opportunity Loan Fund, a long-term financing facility structured similarly to a Collateralised Loan Obligation (CLO), with expected purchasing capacity of c.€400m notional of leveraged credit. To date the fund has ramped c.€175m of assets at an average price of 91.9%.

The fund was raised in partnership with Royal Bank of Canada and a strategic third-party investor, and will increase the aggregate value of new assets raised in 2022 across the CVC Credit CLO Platform to nearly €3.6bn (c.$3.8bn), despite volatile market conditions.

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A new EUR 60 million fund by Saari Partners, focus on service companies

Tesi

The new fund, Saari II, will make majority investments in service SMEs operating in traditional sectors. With special knowhow in branding and digitalisation, Saari Partners strives making its portfolio companies the frontrunners in their sectors.

Investors in Saari II include European Investment Fund (EIF), Nordea Life Assurance Finland Ltd, Elo Mutual Pension Insurance Company, Konstsamfundet, Tesi and the KRR fund-of-fund it manages, in addition to small investors. The fundraising continues in 2023.

”Saari Partners invests in growing Finnish small companies focusing on the service sector. It has gotten a good start, and their first exit shows that their investment strategy is showing results. Saari has excellent know-how in digitalization and branding, and this is transferred to their portfolio companies”, comments Tapio Passinen, Investment Director on Tesi’s Investment Funds team.

Both Tesi and KRR also invested in the first fund by Saari Partners.

 

Read more:

 

Additional information:

Tapio Passinen, Investment Director, Fund Investments
tapio.passinen@tesi.fi
+358 40 840 3681

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Blume Ventures closes its Fourth Fund at upwards of $250 million to back visionary tech founders

Blume ventures

Blume Ventures, India’s leading homegrown venture fund has announced the close of its Fund IV at over $250million bringing the firm’s AUM to over $600 million. Blume focuses on early-stage, innovative technology-led startups. Blume backs entrepreneurs either building to solve large impactful Indian problems or taking the best of Indian innovation to global markets. The diverse mandate extends from edtech, fintech, health, commerce and consumer internet in the former to robotics and AI to SaaS and enterprise software in the latter category.  These themes have been consistent through Blume’s 12 years of existence.

Blume has received emphatic support from all its previous supporters. Blume’s Fund IV investors include some of India’s finest family offices, global family offices, sovereign wealth funds (India and overseas), and emerging market Fund of Funds. The oversubscription on the $200 million target and the support from both existing and new investors is a testament to the track record that continues to grow stronger.

Blume Fund IV will be managed by its 15+ member investment team led by Sajith Pai, Arpit Agarwal, Ashish Fafadia, Sanjay Nath and Karthik Reddy. Investing in 30-35 companies across different technology verticals, Blume will discover and nurture another generation of industry-defining companies built in this cycle.

 Blume was established in 2010 by Karthik Reddy and Sanjay Nath.  Blume is now over 35 professionals strong (outside of Constellation Blu and Metamorph, our two sister concerns), the leadership team has grown to 10, and they collectively grow and mentor a roster of young emerging stars on the team.

Sanjay Nath added, “We are grateful to our anchor supporters and new believers who have emphatically backed Blume IV. Whether building domestically or for global markets, the best founders and LPs would like to work with a Fund that can be considered world-class, which has spurred us to keep institutionalizing and bolstering our platform, team and capabilities. Thanks to an increasing reality of IPO and M&A exits, there is a resurgence of 2x founders and operators, as well as higher quality first-time founders. We’re excited for Blume to become the preferred seed partner of choice for both categories.”

Some key milestones:

  • Launched as a “Superangel” fund in 2011, Blume raised $20 million in Fund I and invested in over 60 startups, pioneering the idea of home-grown micro VCs, with domestic investor participation playing an important role in each of its funds. The first fund vintage has many winners that are incredibly stable after a decade of persistence. These include Purplle, Grey Orange, Turtlemint, Carbon Clean, Exotel, Cashify, Zopper, Webengage, and IDfy.

  • Blume raised successor Funds in 2015-16 and 2018-19, growing to a $60 million Fund II and a $102 million Fund III, maturing into a fund with increased reserves to deploy into the best breakout companies. The Blume stars born from the 2015 to 2020 era are Unacademy, Slice, Spinny, dunzo, Classplus, Servify, Lambdatest, Koo, Locus, Healthifyme, smallcase, Euler, Jai Kisan and Pixxel, amongst others.

The strength of the platform makes Blume an ideal partner in the founders’ journey, bringing value far beyond the capital in the bank. Some of these platform value additions are powered by Capital and Market Networks teams, the depth of reserves between its own funds and its diverse set of vibrant LPs, and the platform partners in Constellation (finance and legal) and MetaMorph (talent).

Blume is also a market leader in emerging market segments where technology shapes new business models or disrupts older ones. It has dozens of category creators or category winners in its portfolio across its three fund portfolios: Grey Orange and Carbon Clean in deep tech; Slice, Turtlemint and Smallcase in Fintech; Exotel and Lambdatest in Software; Unacademy and Classplus in Edtech; Purplle and dunzo in commerce; Healthifyme, BeatO and Tricog in Healthtech; Euler, Yulu and BatterySmart in EV Mobility.

Blume manages Continuity funds in addition to the above funds. These include secondary funds (Fund I winners), opportunity funds (Fund I and II winners) and SPVs.

Shivkumar Ganesan, CEO and co-founder of Exotel, endorses this full stack and deeper approach from Blume in their journey. “Blume has been a great partner for us. They were the first ones to bet on us and continued to do so through thick and thin! Without their support, I cannot imagine Exotel to have become the company it is today.”

Manish Taneja, CEO and co-founder of Purplle, exemplifies what is now a classic Blume relationship. “My relationship with Blume Ventures dates back to 2010-11, when Karthik and Sanjay were raising their first fund. Blume invested in Purplle in 2013 and has been a strong partner for us ever since. Ashish (our Board Member from Blume), has been on our Board since 2013 and has played a key role in guiding us, helping us with Board dynamics and also introducing us to key future investors. Blume is truly a founder’s first VC and Blume’s partners are best in class. I wish Blume a lot of success and I also wish more firms get access to Blume’s capital.”

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Adams Street Closes 2022 Global Fund Program with $1.1 Billion in Commitments

Adams Street

CHICAGO, IL – November 29, 2022 – Adams Street Partners, LLC, a private markets investment firm with more than $52 billion in assets under management, has held the final closing of the Adams Street 2022 Global Fund Program with approximately $1.1 billion in committed capital. The Global Fund Program is a private markets portfolio spanning all of Adams Street’s investment strategies, including primaries, secondaries, co-investments, growth equity, and private credit, across North America, Europe, and Asia.

This year’s Global Fund Program saw strong demand despite market volatility, closing with commitments 20% higher than initial internal targets. Investors in the 2022 Global Fund Program included public and corporate pension plans, foundations, and endowments, with increased interest in the Program from registered investment advisors and high net worth individuals. There was strong representation from both new and returning investors globally.

“The Adams Street Global Fund Program was originally introduced as the firm’s flagship product and has evolved into a targeted, multi-strategy product that we believe includes the investment teams’ best ideas,” said Miguel Gonzalo, Partner & Head of Investment Strategy and Risk Management at Adams Street. “The Global Fund Program represents a one-stop solution for Adams Street’s investment strategies and prior Global Fund Programs have, over the long term, delivered alpha above the public equity markets. The Global Fund Program is constructed with cost-effective private equity portfolios of high-growth and low-leverage investments across the Adams Street platform globally.”

“In periods of market uncertainty, investors have historically looked for more reliable, risk-adjusted returns and strategic alpha generation with strong downside protection, which aligns with our targeted strategy for the Global Fund Program,” said Jeff Diehl, Managing Partner and Head of Investments at Adams Street. “We are grateful for the continued trust of our investors as we navigate the opportunities and challenges in the markets.”

Adams Street first implemented the Global Fund Program in 1996. The Global Fund Program aims to outperform public equity markets by 3-5% through a highly diversified global portfolio that incorporates some of the top-performing ideas across each of Adams Street’s strategies.


About Adams Street Partners

Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm is 100% employee-owned and has over $52 billion in assets under management. Adams Street strives to generate actionable investment insights across market cycles by drawing on 50 years of private markets experience, proprietary intelligence, and trusted relationships. Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo. Visit www.adamsstreetpartners.com

This information is not investment advice or an offer or sale of any security or investment product or investment advice. Offerings are made only pursuant to a private offering memorandum containing important information. Statements are made as of the date of this release, and there is no implication that the information contained herein is correct as of any time subsequent to such date. Past performance is not a guarantee of future results.

Media Inquiries:
Rich Myers / Rachel Goun
Profile Advisors
+1 347 343 2999
adamsstreet@profileadvisors.com

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Coutts joins forces with BGF to raise over £80 million to back entrepreneurs in Britain

BGF

Coutts, the private banking arm of NatWest Group, and BGF have now raised over £80m through the UK Enterprise Fund (UKEF). This provides the Coutts’ client base with access to investment opportunities in privately-owned scaleup and early-stage businesses, as part of BGF’s nationwide platform.

The fund launched in June last year with £40m of committed capital and has now been matched by a further £40m at the close of the second fundraising round. Through BGF, UKEF capital is invested into carefully selected scaleup businesses headquartered in the UK, providing long-term funding to support growth.

The UKEF aims to provide funding to address equity gaps across the entrepreneurial ecosystem and has been a boost to female-owned businesses with 22% of the first tranche of fundraising backing women-owned businesses. This compares with the industry standard of just 1%.

UKEF investors can benefit from BGF’s investment strategy of reaching a high volume of high-quality businesses across different growth stages, multiple sectors and all regions of the UK, offsetting concentrated risk exposure.

BGF is the leading growth capital investor in the UK and exclusively takes a minority shareholding in each of the companies it backs. It focuses on supporting investee businesses through its local investment teams based in 15 regional offices in the UK, extensive people network and strategic advice in a variety of areas, such as positive environmental, governance and social changes.

To date, UKEF has exposure in 47 BGF-backed businesses including Character.com, a children’s clothing and branded products ecommerce platform, Enhanc3d Genomics, a human genome mapping business and Reactive Technologies, a provider of critical data to the energy grid and asset operators.

One in five of these businesses has a female founder, compared to only one in 100 across the industry, whilst 23 percent have appointed a female Chair from BGF’s network to their Board. 73 percent of the capital invested in this cohort of companies has been deployed into businesses headquartered outside London and the South East.

Andy Gregory, CEO of BGF, said: “By its nature, UKEF is an innovative and highly differentiated offering in equity investing. Through UKEF, Coutts’ clients are able to increase their exposure in privately held UK companies, whilst benefiting from the due diligence, robust governance and skilled investment expertise that comes with the BGF platform.

“Whilst we are acutely aware of the current macro-economic environment for businesses and investors, BGF’s long-term model provides us with the economic means and mindset to view investments and exits from a longer-term horizon, which has proved highly attractive to UKEF investors and indeed to the diverse set of scaleup companies that we continue to back.”

Alison Rose, CEO of NatWest, commented: “We are highly encouraged by the continued appetite amongst UKEF investors to support high-potential businesses, and in particular those with diverse founders.

“The Rose Review showed us that £250bn of new value would be unlocked for the UK economy if women started and scaled their businesses at the same rate as men. Providing better access for funding is key to help realise this potential. That is why funding vehicles like UKEF can have a game-changing impact, especially as current economic conditions are making it harder for high-potential companies to access the resources required to scale. We are now excited to see what a new cohort of dynamic and diverse businesses receiving backing from the next round of UKEF funding can achieve.”

One business that has benefitted from BGF is Strathberry, an Edinburgh-based and internationally known brand specialising in luxury leather goods. It was founded in 2013 by husband-and-wife team Guy and Leeanne Hundleby who had returned to the UK after travelling across Spain with their children.

Leeanne Hundleby says their businesses has enjoyed a long relationship with Coutts, but the UKEF and BGF have brought them even closer, allowing Strathberry to invest more in its main markets, the UK and US. She explains: “We’ve been able to enhance our ecommerce capabilities and strengthen the senior leadership team with new hires bringing in precious expertise. Long-term, we’re looking to expand our retail footprint with more flagship stores opening globally, as well as developing new product categories.”

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Antin successfully holds first close for Flagship Fund V, with more than €5 billion in commitments

Antin

Strong investor demand brings fund to over 50% of its target size, with a second close expected before year-end

Paris, London, New York

Antin Infrastructure Partners announced today that it has successfully held a first close for its fifth flagship fund, its largest to date, raising more than €5 billion to invest in infrastructure opportunities. Antin expects to hold a second closing before year-end.

With a target of €10 billion and hard cap set at €12 billion, Flagship Fund V will continue to seek controlling equity investments in the energy and environment, telecom, transport and social infrastructure sectors in Europe and North America. Strong demand resulted in a swift first close, demonstrating strong support from both existing and new investors for Antin’s approach to infrastructure investing and recognition of the firm’s successful 15-year track record of value creation.

The investment period for Flagship Fund V began on 2 August 2022, when Antin announced its majority investment in Blue Elephant Energy, a renewable energy platform focused on developing, acquiring, and operating solar and wind farms across Europe. The fund has a strong pipeline of additional actionable investment opportunities across its four sectors.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With approximately €27 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

 

Media Contacts

Antin Infrastructure Partners

Nicolle Graugnard, Communication Director

Email: nicolle.graugnard@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: ludmilla.binet@antin-ip.com

 

Brunswick

Email: antinip@brunswickgroup.com

Tristan Roquet Montegon +33 (0) 6 37 00 52 57

Gabriel Jabès +33 (0) 6 40 87 08 14

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