Private Equity
Georgian Partners has raised about $715 million (US$550 million) for its fourth growth equity fund, winning a strong vote of confidence from limited partners for the firm’s North American scaling strategy. Georgian Partners Growth Fund IV closed this week at its hard cap, the Toronto investor told PE Hub Canada. The fund, Georgian's largest to date, secured 47 percent more than its predecessor, which raised about $485 million in 2016. It is also one of Canada’s largest private tech partnerships on record, according to Thomson Reuters data.
3 min read · 03 August 2018
Information Venture Partners is seeing a lucrative payday with the US$1.55 billion sale of a Silicon Valley business-planning software provider. Adaptive Insights, backed by Information VP for more than a decade, was sold this week to Workday. The deal gave the Toronto venture firm about 10x its investment, a person with knowledge of the matter told PE Hub Canada. Information VP declined comment. Adaptive is one of several major liquidity events Information VP completed in recent months.
3 min read · 02 August 2018
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