Monday, December 23

Tag: Private Equity/Venture Funding

Former Warburg Pincus Executives’ New Firm Seeks $750 Million for Oil-and-Gas Bets
13Dec By adminNo Comments
World

Former Warburg Pincus Executives’ New Firm Seeks $750 Million for Oil-and-Gas Bets

Updated Dec. 13, 2023 2:34 pm ET|WSJ ProCovalence Investment Partners, a new firm founded by two former executives of Warburg Pincus, is seeking $750 million to invest in the oil patch, pitching its debut fund as an opportunity to buy mature fields at bargain prices.David Habachy and David Krieger, who launched Covalence early this year, both previously worked as managing directors at Warburg and led investments in oil and gas for the New York private-equity firm, according to a fund-marketing presentation viewed by WSJ Pro Private Equity. Warburg has sold several of its oil-and-gas holdings in the past year or so, as it retreats from the sector. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Pro Take: Venture Investors Move the Goal Posts for Seed-Stage Companies
4Dec By adminNo Comments
World

Pro Take: Venture Investors Move the Goal Posts for Seed-Stage Companies

Dec. 4, 2023 6:00 am ET|WSJ ProVenture capitalists focused on backing companies at the seed stage—the earliest chapter of startup investing—broadly say they have become pickier about which startups they are willing to back, yet another sign of how the venture industry’s slowdown is affecting companies previously insulated from the choppy environment. Nascent startups must clear a higher bar for metrics like annual recurring revenue and customer acquisition to attract investors, who also say they are reviewing more deals before committing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Riverwood Capital Closes on $1.8 Billion for Technology Deals
20Nov By adminNo Comments
World

Riverwood Capital Closes on $1.8 Billion for Technology Deals

Nov. 20, 2023 7:00 am ET|WSJ ProPrivate-equity firm Riverwood Capital, formed 15 years ago by former KKR executives, has raised its largest pool of capital to date to invest in high-growth technology companies.The firm collected $1.8 billion for its fourth fund, Riverwood Capital Partners IV, and related vehicles, said firm co-founders Francisco Alvarez-Demalde and Jeff Parks. The sum exceeds Riverwood’s $1.5 billion target as well as the firm’s previous fundraising effort, a 2019-vintage vehicle that gathered $1.4 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulati...
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Brynwood Raises $750 Million to Back Consumer Brands
26Oct By adminNo Comments
World

Brynwood Raises $750 Million to Back Consumer Brands

Oct. 26, 2023 6:30 am ET|WSJ ProBrynwood Partners, a buyout shop that targets consumer products, has raised its largest investment pool since the firm’s founding nearly 40 years ago. Greenwich, Conn.-based Brynwood said it wrapped up its Brynwood Partners IX fund with more than $750 million, or around 16% more than it collected for a predecessor vehicle that closed on $649 million in 2018.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
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Springcoast Gathers More Than $500 Million So Far for Small Technology Deals
18Oct By adminNo Comments
World

Springcoast Gathers More Than $500 Million So Far for Small Technology Deals

Oct. 18, 2023 2:28 pm ET|WSJ ProTechnology-focused Springcoast Capital Partners has amassed more than $500 million so far for its debut commingled fund and a related investment vehicle, according to people familiar with the offering.The New York firm had initially sought to raise $300 million to $500 million for its first commingled fund, WSJ Pro Private Equity previously reported. A regulatory filing for Springcoast Partners I LP from late September shows a $350 million offering amount for the fund. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8The go-to source for all things private equity.News, data and analysis to help you find opportunities, and to follow the broad trends in dealmaking, investing and regulation.
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