North America

TPG closes growth fund on $3 billion

The fund has been in market for five months

Love retires from Eaton Partners

David Love will remain involved as a senior advisor to the firm

BlackRock fined $12m in conflict of interest case

The SEC holds CCO Bartholomew Battista responsible for the firm’s violations involving the outside activities of a portfolio manager

Francisco Partners in $240 million take private

The company will acquire Procera Networks

PE-backed Enviva Partners in $210m IPO

Enviva, backed by Riverstone and The Carlyle Group, will issue 10 million units priced at between $19 and $21 each<br /><br />

Old Ironsides Energy closes Fund II on $1.3bn

The fund will target energy investments

Catalyst Capital holds $650m first close on Fund V

The Canadian distressed investment shop is targeting $1.25 billion

H.I.G. Capital brings on Penchas

Henri Penchas will join the firm’s advisory board

Raytheon enters $1.7bn JV with Vista Equity Partners

The JV will create a new defense-grade cybersecurity company

Need to Meet: Scott Case, Head of Global Private Equity Services, Silicon Valley Bank

Bootstrapping itself from its origins 32 years ago as a lender for venture capital-backed firms, Silicon Valley Bank now ranks as the 40th largest bank in the United States with $39 billion in assets as of Dec. 31.