McLaren gets $760 million from investors including Ares Management

McLaren gets $760 million from investors including Ares Management

McLaren Group Ltd. obtained $760 million in funding from investors including Saudi Arabia’s sovereign wealth fund as the supercar maker and racing team owner tries to recover from the impact of the coronavirus pandemic. Funds managed by Ares Management Corp. and Saudi...
SoftBank Vision Fund invests $1.7bn in S.Korean travel firm Yanolja

SoftBank Vision Fund invests $1.7bn in S.Korean travel firm Yanolja

SoftBank’s Vision Fund has invested $1.7bn in Yanolja, the South Korean travel and leisure firm said on Thursday, as it seeks to build on rapid pandemic-induced growth in Southeast Asia, India and Africa. Yanolja, which provides cloud-based booking and other systems...
Aldrich Capital Partners Could Raise $450m for Second Fund

Aldrich Capital Partners Could Raise $450m for Second Fund

Growth-investor Aldrich Capital Partners’ second fund could raise up to $450m amid strong investor demand, according to Mark Evans, principal investment officer at the Connecticut Retirement Plans and Trust Funds. Aldrich Capital Partners Fund II LP has a target of...
Shore Capital Partners Raises $686m for Three New Funds

Shore Capital Partners Raises $686m for Three New Funds

Microcap investment firm Shore Capital Partners has collected $686 million for three new funds as the firm continues to expand beyond its healthcare roots. The Chicago firm raised $366 million for its latest healthcare fund, Shore Capital Healthcare Partners Fund IV,...