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HealthEdge Investment Partners has successfully closed its fourth fund, surpassing its target with over $160 million in commitments from existing and new investors in the healthcare industry. The private equity firm focuses on lower middle market healthcare companies, providing institutional capital and operational expertise to drive transformation, growth, and cultural excellence. With a strong track record of acquisitions and exits, HealthEdge has allocated a portion of Fund IV to two platform investments, Anodyne and Veridian Healthcare, in the diabetic footwear solutions and in-home diagnostic products sectors respectively. https://www.healthedgepartners.com/

The disclosure of private equity (PE) investments by pension funds is mixed, with some providing detailed information while others lack transparency. There is a lack of information on the companies supported by PE investments, making it difficult to assess their financial statements and ESG outcomes. Proposed SEC rules and recommended disclosures aim to address transparency and accountability issues in PE investments, but further improvements are needed to ensure comprehensive and accessible information. https://www.forbes.com/sites/shivaramrajgopal/2023/08/04/does-private-equity-pe-have-an-esg-problempart-2/?sh=6379e2fd6f17

Institutional investors are increasingly using business development companies (BDCs) to access the private credit market. This has led asset managers to reconsider BDCs, originally designed for retail investors. Companies like Oak Hill Advisors, Fidelity Investments, Jefferies Financial Group, and Churchill Asset Management have all launched their first non-traded BDCs to meet this demand. BDCs, initially created for small companies to raise capital from retail investors, are now gaining popularity among pensions, insurers, family offices, and international institutions. https://www.bloomberg.com/news/articles/2023-08-03/new-staple-in-private-credit-is-luring-institutional-investors

Willowridge Partners has successfully completed fundraising for its ninth fund, focused on acquiring stakes in mature private capital funds. The ability of Willowridge Partners to return cash to investors during a time when many investors are facing liquidity constraints has contributed to its success. https://willowridge.com/

US buyout firm Clayton, Dubilier & Rice (CD&R) has reportedly surpassed its $20 billion fundraising target for its latest flagship fund. CD&R has asked investors for permission to increase the fund's hard-cap to $23.5 billion, indicating that it expects to exceed the original target. This achievement is significant considering the current slump in private equity fundraising, with global fundraising declining by 35% in the first half of 2023 compared to the previous year. CD&R raised $16 billion for its previous flagship fund in 2021. https://www.cdr-inc.com/

Private equity firm TPG is aiming to raise $4 billion for its latest growth equity fund, citing a promising market for investment opportunities. The fund, known as TPG Growth VI, has not yet reached its first close and is expected to continue fundraising until early 2025. TPG's previous growth equity fund closed two years ago, exceeding its initial target with $3.6 billion in capital commitments. https://www.tpg.com/

Source: Preqin

Denver-based private equity firm Revelstoke Capital Partners has successfully raised $1.7 billion for its third fund, substantially surpassing its target of $1 billion. The firm plans to invest the capital into the healthcare services sector, which it believes is resilient and offers significant growth potential. Revelstoke has a track record of building market-leading healthcare companies and has raised a total of $3.7 billion in equity commitments since 2018. https://www.revelstokecapital.com/

Alternative asset manager Kimmeridge has successfully closed its Kimmeridge Fund VI and related vehicles, raising over $1 billion in capital commitments. This fund, which is 25% larger than its predecessor, will focus on investing in unconventional energy assets in North America. It received support from various institutional investors and is part of Kimmeridge's ongoing efforts to deploy capital efficiently. Since its establishment in 2012, Kimmeridge has raised over $5 billion across 10 different funds. https://kimmeridge.com/

https://www.ft.com/content/c29a460b-5f5d-42e8-977a-92f2aaa0859d

Private investment firm SK Capital Partners has announced the closing of its SKCP Catalyst Fund II, which was oversubscribed with total committed capital of $800 million. The fund focuses on transformative buyout investments in the specialty materials, ingredients, and life sciences sectors. SK Capital has raised seven funds since its founding in 2007 and currently has over $7.8 billion in assets under management. The firm aims to build resilient, sustainable, and growing businesses that create long-term economic value. https://skcapitalpartners.com/

Energize Capital, formerly known as Energize Ventures, has closed its second growth fund, bringing its total capital commitments for its growth equity platform to $300 million. This brings Energize's assets under management to $1.2 billion, surpassing $860 million in total committed capital from LPs. The company has changed its name to Energize Capital to reflect its extended strategy into growth equity and its focus on supporting enduring climate software businesses. The demand for growth capital in the climate market is high, with a shortage of providers. Energize Capital aims to be the go-to partner for entrepreneurs as they scale. The company's expertise lies in scaling asset-light digital climate solutions for the new energy economy. Energize has made investments in several climate software companies and has seen significant growth in its portfolio's software revenue. The company is backed by a diverse set of LPs and has invested in 26 climate software companies to date. https://www.energizecap.com/