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 | PitchBook Newsletter | | Private Equity Edition |
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| Powered by the PitchBook Platform. Learn more» | | 520,576 Deals | 34,021 Funds | 22,579 Limited Partners | 26,436 Advisors | |
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WEDNESDAY, MARCH 23, 2016  | |
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| LLR Partners announced this week an investment in benefitexpress, the provider of an employee benefits and health exchange platform. To view the firm's other completed investments, closed funds, deal team and more in today's free PitchBook Profile, click here. | |
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Advent International raises $13B fund, largest in firm history Advent International has raised $13 billion for its eighth flagship fund, making it one of the largest buyout vehicles in recent history. The raise continues a promising trend at Advent: to date, every one of its flagship funds has been larger than the last.
But that's not the only detail that emerges from a closer look at the firm's recent performance. Click here to read more. |
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5 of the biggest PE buyouts closed in 2016 2007 Vintage U.S. Buyout Funds with Software Investments | | Median IRR: | 11.00% | | Top Quartile IRR Hurdle Rate: | 14.81% | | Median TVPI: | 1.6x | | Average Amount Distributed: | $2.74 billion |
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Bregal Sagemount funnels $40M into Open Lending | Bregal Sagemount has closed a $40 million equity investment in Open Lending, acquiring a significant minority stake. The company is a provider of automated lending services in the U.S. | Financial Services Austin, TX | |
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Nautic nabs stake in Response Team 1 FTV injects $30M into Edgewater Markets | FTV Capital has led a $30 million investment in Edgewater Markets, the provider of a platform for electronic foreign exchange aggregation and distribution used by institutional clients around the world. | Application Software New York, NY | | |
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FinovateSpring 2016 Demo Companies Announced On May 10 and 11, over 70 hand-picked companies will take the stage at FinovateSpring 2016 in San Jose, CA, to demo their most innovative financial and banking technology innovations.
The selected companies will have just seven minutes on stage to showcase their latest ideas to an influential audience at what's shaping up to be Finovate's largest West Coast event yet. It should be a packed house at City National Civic, and we hope you’ll join us to watch the future of finance unfold live on stage. The demos will be surrounded by four hours of networking time each day, giving you a chance to connect with the most interesting minds in financial technology from across the globe.
For a list of the presenting companies and to register for the event, click here—and don’t forget to use our special partner promotional code PitchBook20 on the registration page to save 20% on your ticket. Hope to see you there! |
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Naxicap Partners acquires Onedirect in SBO | Naxicap Partners has acquired a majority stake in Onedirect from Gimv. The company specializes in the distribution of professional telecom equipment such as telephones, switchboards and headsets. | Retail Saint-Estève, France | | |
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HGGC eyes $540M exit from Serena Software Sverica Capital Partners Fund IV closes on $275M | Sverica Capital Management has closed its fourth private equity fund on its hard cap of $275 million. The vehicle has already made an investment in Synoptek, a provider of outsourced IT managed services. | |
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BigBasket collects $150M in funding | Available in major markets across India, BigBasket is an online grocery delivery service that offers more than 19,000 products from 1,000 brands. The latest fundraising reportedly values the company at $500 million. | Food Products Bangalore, India | |
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TCDRS commits $112.5M to PE & VC funds | Since the beginning of March, the Texas County & District Retirement System has committed $112.5 million across four PE and VC funds, including $65 million toward Vista Equity Partners Fund VI and $20 million toward Lightspeed Venture Partners XI. | Public Pension Fund Austin, TX |
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