North America

HarbourVest ups ante, offers to buy SVG’s whole portfolio

In an effort to trump a £748m preliminary agreement SVG reached with rival suitors Goldman Sachs and CPPIB, HarbourVest has also offered to buy the London-listed private equity investor's entire portfolio, but for at least £783.1m.

HarbourVest extends SVG offer deadline by 7 days

HarbourVest is giving shareholders more time to consider its offer after SVG said it planned to sell its entire portfolio to Goldman Sachs and CPPIB for around £748 million.

Just closed: DC Capital Partners raises $161m

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Just closed: Croft & Bender raises $18m

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Just closed: Corazon Capital raises $37m

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Just closed: Napier Park Global Capital raises $184m

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Dyal founder leaves firm, joins several boards

Jeffry Brown, who joined the Neuberger Berman subsidiary as a founding partner in 2011, now sits on three boards amid semi retirement.

Why LPs frown on the use of credit lines by GPs

Subscription credit lines can artificially boost IRRs, private equity advisor TorreyCove says in a report.

RueOne launches to invest deal-by-deal in PE, RE, debt

RueOne founder Jeff Baehr identified a need for accredited investors to make direct, deal-by-deal investments after seeing flaws with traditional comingled funds.

Penfund closes Fund V for equity, debt investments

The Canadian firm closed its latest fund, Penfund Capital Fund V, on C$724m, above both its C$525m target and its predecessor, Penfund Capital Fund IV, which closed four years ago on C$460m.