Deals in brief

Falfurrias Growth Partners invests in IT procurement solutions provider NPI

The investment will be used by NPI for growth.

University of Calgary spinout Cnergreen nabs C$2m seed deal

Cnergreen is a Calgary-based startup manufacturing stable foams for carbon dioxide injection in enhanced oil recovery.

Music-focused fraud detector Beatdapp raises $17m in funding

Along with the round, Beatdapp announced new partnerships with SoundExchange and Napster as well as a strategic collaboration with Universal Music Group

Battery systems developer Instagrid snags $95m in Series C

The round was led by Teachers’ Venture Growth, which is part of Ontario Teachers' Pension Plan.

HGGC and Wealth Partners Capital Group back investment advisor True North

True North's management team will remain majority shareholders in the company.

Praesidian exits indoor karting company Autobahn

Praesidian made an initial investment in Autobahn in 2018.

Benefit Street Partners racks up $4.7bn for fifth direct lending fund

BSP Debt Fund V will target private equity sponsored and non-sponsored middle-market companies in North America.

Renovus Capital Partners hires Tanker as managing director to oversee tech services practice

In this new role, Tanker will work closely with leadership to identify new investment opportunities, implement growth strategies and create value within portfolio companies.

Private equity-backed Lemay merges with Fusion Énergie

Fusion Énergie is a Laval, Quebec-based provider of energy saving and control tools.

Carlyle buys $415m private student loan portfolio from Truist

Monogram is a Boston-based provider of finance solutions for students and their families.