Convoy has raised $160m in a late-stage funding round led by fund managers Baillie Gifford and T Rowe Price Group Inc, valuing the freight network platform operator at $3.8bn, the company said on Thursday. The company also raised $100m from Hercules Capital Inc in a...
Blackstone said on Thursday its first-quarter distributable earnings jumped 63% as a strong performance from its real estate and credit businesses offset a weak showing from its hedge funds unit. The world’s largest manager of alternative assets saw distributable...
Software investor Mainsail Partners has closed its biggest fund on $915m, boosting its total capital raised to $2.2bn. The oversubscribed Fund VI was closed in less than three months. Mainsail previously closed Fund V on $531m in 2020. The firm said Fund VI will...
17Capital, a financier of buyout groups, has raised $2.9bn for its first credit fund, which will lend money to private equity funds looking to boost returns by using more leverage to close deals. The London-based investment firm, backed by Oaktree Capital, is already...
Schroders Capital has been chosen to manage a €100m portfolio composed of impact-focused investments in private equity, sustainable infrastructure, and climate insurance, for German insurance carrier Barmenia. Under the arrangement, Schroders Capital establishes a... 