Luxembourg Private banking assets exceed €500bn

Luxembourg Private banking assets exceed €500bn

Private banking in Luxembourg has reached a new milestone. At the end of 2020, the sector had €508bn in assets under management, says a study conducted by KPMG on behalf of the Luxembourg Bankers’ Association (ABBL). This indicates a 100% increase since 2008 and...
Great Hill Aims to Raise $3.5bn for Buyouts

Great Hill Aims to Raise $3.5bn for Buyouts

Great Hill Partners, which backs midmarket technology-enabled companies, is pitching its eighth fund to investors with a goal of raising $3.5bn, according to people familiar with the effort. The Boston-based firm’s Great Hill Partners VIII LP fund would be 40% larger...
GTCR Nears $1.2bn Deal to Buy Warburg’s Experity

GTCR Nears $1.2bn Deal to Buy Warburg’s Experity

Private equity firm GTCR is nearing a deal to buy Warburg Pincus’s health-care IT firm Experity Inc. for about $1.2bn, according to people with knowledge of the matter. Experity, which provides software to urgent care practices and doctors’ offices, drew interest from...
Westcap Announces Final Close of $285m for Fund III

Westcap Announces Final Close of $285m for Fund III

Westcap is pleased to announce the final close of Westcap MBO III Investment LP of $285m. Upon its launch in spring 2021, Fund III targeted a minimum raise of $150m which represented an increase from previous Funds in the series. The large demand in subscriptions...