Blackstone agrees to invest up to $750m in Moderna’s flu program; Wellspring closing nearly $1bn multi-asset continuation fund
Morning Hubs!
Hope all is well with you and yours. We’re still trying to pull out of stubborn winter here in the northeast. I’m just starting to gear up to work on our upcoming emerging manager project that runs in June – if you have thoughts on great new PE shops or have thoughts on the landscape for emerging firms, hit me up at christopher.w@ pei.group.
Blackstone agreed to provide up to $750 million to finance Moderna’s influenza program. Blackstone is funding the deal through its life sciences program.
PE Hub sat down with David Brisske, a managing director with new shop SKKY Partners formed by Kim Kardashian and ex-Carlyle Group consumer chief Jay Sammons. Brisske talked about his backstory and how he came to find himself working for a firm led by a guy he once competed with.
Wellspring Capital is closing a nearly $1 billion multi-asset continuation fund deal that will extend its hold over three companies from the firm’s sixth fund, Buyouts reported. The deal, expected to close today, is being co-led by Neuberger Berman and Lexington Partners, with a syndicate of smaller investors including Hamilton Lane, AltamarCAM Partners, some Fund VI LPs and a commitment from the GP. Campbell Lutyens worked as secondaries adviser on the deal. Read the full story here on Buyouts.
That’s it for me! Have a great rest of your Wednesday. Hit me up with your juicy tips n’ gossip at christopher.w@pei.group or find me on LinkedIn.
Australian infrastructure and real assets manager Palisade Investment Partners is set to launch its first North America-focused fund with a target between $1 billion and $1.5 billion, Infrastructure Investor understands.
Neda Vakilian wanted to go into private equity before she even really knew what it meant. Now a managing director and the global head of investor solutions group at Actis, she told PE Hub Europehow she transitioned from being a lawyer to working in infrastructure as part of our series of interviews featuring senior women in private equity.
Cortec Groupclosed an eighth buyout offering (Cortec Group Fund VIII at an oversubscribed $3.2 billion) in an environment at odds with the firm’s tradition of quick, one-and-done fundraisings. (Buyouts)
While DPI is a validator, it shouldn’t be looked at as a measure of performance, particularly in isolation, Allen Waldrop, director of private equity at Alaska Permanent Fund Corporation, told Private Equity International senior reporter Madeleine Farman on the sidelines of PEI Group’s NEXUS 2024 summit in March.
Barings has been granted an injunction against Corinthia Global Management and several former employees to prevent them using confidential information. (Private Debt Investor)
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