JP Morgan Private Capital closes first biotech VC fund above $500m

JP Morgan Private Capital closes first biotech VC fund above $500m

JP Morgan Private Capital, JP Morgan’s venture capital and growth equity investment team has held the final close of 270 Life Sciences Private Capital Fund I, above its $500m target.  LSPCF received commitments from institutional allocators, strategic corporate...
Chanel billionaire’s son builds US$110m private equity firm

Chanel billionaire’s son builds US$110m private equity firm

THE son of one of Chanel’s billionaire owners is building a team to help run his private equity venture as a huge luxury goods fortune trickles down to the fourth generation. David Wertheimer, 37, whose father Gerard is one of the brothers behind the purveyor of...
Bain to acquire edtech PowerSchool in $5.6bn deal

Bain to acquire edtech PowerSchool in $5.6bn deal

Private multi-asset alternative investment firm Bain Capital is to acquire PowerSchool Holdings, a provider of cloud-based software for K-12 education, in a transaction valuing the business at $5.6bn. Under the terms of the agreement, PowerSchool stockholders will...
CVC proposes US$800m and US$1bn investment in Big 12

CVC proposes US$800m and US$1bn investment in Big 12

The Big 12 is reportedly considering welcoming private equity investment, as well as selling its naming rights to a title sponsor, according to several outlets in the US. CBS was first to report that the US college sports conference was in talks with CVC Capital...