BETA: The Capitalization Report v20.12.14 Funds


KEYWORDS: Funds, Rally Ventures, Ada Ventures, Crossplane Capital, Forbion, Highland Europe, Curio Wellness, Venture Capital, Private Equity, Crossplane Capital Fund

NEW FUNDS

Rally Ventures, a Menlo Park, CA- and Minneapolis, MI-based technology venture capital firm, closed Rally IV, at $250m 

London, UK-based seed venture capital firm Ada Ventures closed its first fund, at $50m 

Crossplane Capital, a Dallas, TX-based private equity firm, closed its inaugural fund, Crossplane Capital Fund, L.P., at $275m

Forbion, a Naarden, The Netherlands and Munich, Germany-based life science venture capital firm, secured its fifth flagship fund, Forbion V, at €460m

Pan European private equity firm Highland Europe closed its fourth fund, at €700M

Timonium, Md.-based medical cannabis and wellness company Curio Wellness has launched a new $30m funding program

OTV (formerly known as Olive Tree Ventures), an Israel-based digital health first venture capital firm, closed a fund, at $170M

Scale Venture Partners, a Foster City, CA-based venture capital firm, closed its latest fund, at $600m 

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Crossplane Capital (“Crossplane”), a Dallas-based private equity firm that targets control investments in niche manufacturing, value-added distribution and industrial business services companies, today announced the final closing of its inaugural fund, Crossplane Capital Fund, L.P., at its $275 million hard cap.

Crossplane was founded in October 2018 by partners Brian Hegi and Ben Eakes, managing director Mike Sullivan and operating partner Ingrid West, to invest control equity into companies with up to $15 million of EBITDA that are either family owned and seeking a partner or involved in a complex situation. Since its founding, Crossplane has completed three platform acquisitions, including The Accent Family of Companies in September 2019, TransAxle in December 2019 and Griffin Dewatering in November 2020. From its initial 4-person team, Crossplane has grown to an 11-person team with deep experience as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors.

Read full press release:

https://www.businesswire.com/news/home/20201208005106/en/Crossplane-Capital-Closes-Inaugural-Fund-at-Its-275-Million-Hard-Cap

DATA: Analysis of Public PE Firm Earnings: Q3 2020


JD Morris is always looking for accredited investors to funds to co-invest with us in funds, companies, and moonshot deals. We are happy to meet with people and share our data and resarch such as from Pitchbook’s Analysis of Public PE Firm Earnings: Q3 2020

Overview of Analysis of Public PE Firm Earnings: Q3 2020is provided by Pitchbook

• The five largest publicly traded PE firms posted healthy performance
numbers for their PE strategies. Blackstone and KKR posted doubledigit gains in the quarter. Most of these managers’ funds have positive
performance on the year now, and this healthy recovery is likely a sign to
come for other managers that report later.
• Concentrated investments among a few key themes including technology
and life sciences drove performance figures for Blackstone and KKR. These
managers credited tech investments as the primary drivers of returns in the
quarter. All five firms discussed how they were approaching investments in
high-growth areas of the economy, although some have been more bullish
on these concentrated bets than others. Going forward, it seems as if these
managers will continue to allocate as much or more capital to high-growth
sectors.
• Permanent capital was a principal talking point again this quarter. While
KKR, Carlyle, and Ares seem focused on trying to replicate a similar strategy
that has proven effective at Apollo with insurance assets, Blackstone is
deviating. The largest private capital manager is rolling over a $14.6 billion
real estate holding into a new perpetual life vehicle that could prove to be a
method of growing permanent capital that others may follow.

Again, we are happy to meet with accredited investors and fund to explore deal flow sharing and co-investing.

Looking to hire a manager of a fund


We are looking to hire a manager of a fund.  Must have Havard or Stanford MBA with fund experience.  Hedge Fund and Fund of Funds openings.

How-to-Become-a-Hedge-Fund-Manager

Learn more by email JD Morris @ jdm.networking@gmail.com or texting +1 858-869-9483 anytime.

Happy Networking and Investing,

JD Morris

JD Morris

Join me on LinkedIn:  https://www.linkedin.com/in/jdmorris/

Disclosure: none

Bitly URL: http://bit.ly/2NCXXSr

 

PE Pipeline and MBOs


Our Senior Executive Advisors are here help you with you Management Buy Out  (MBO) plans.  Board Members and CXOs all need to take look at MBO option.

 

DISCLAIMER:

This is a beta blog and we look forward to launching an amazing blog soon!

This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

PE PIPELINE

• Drake Automotive Group, which is backed by Huron Capital, acquired DV8 Offroad, a Riverside, Calif.-based maker of off-road accessories and wheels. Financial terms weren’t disclosed.

• Veritas Capital will buy Cotiviti Holdings Inc (NYSE:COTV) in a deal valued at $4.9 billion, according to Reuters. Read more.

• Bain Capital Private Equity is nearing a deal to buy Varsity Brandsa Memphis, Tenn.-based cheerleading uniform and equipment retailer, for $2.5 billion. Read more.

• CVC is in advanced talks to buy a controlling stake in the pharmaceutical business of Italy’s billionaire Recordati family, according to The Financial Times. The deal would value the company at 3 billion euros ($3.5 billion). Read more (subscription required).

• Morgan Stanley Capital Partners made an investment of an undisclosed amount in Comar, a Voorhees, N.J.-based rigid plastics packaging manufacturer of bottles, containers, liquid dosing devices and closures for the healthcare industry. Financial terms weren’t disclosed.

• Polaris Equity Partners agreed to acquire a majority stake in ProData Consult, a Denmark-based IT consultancy focused on business and IT consultants.

Pipeline – Private Equity 18-03-24

Growth capital and private equity


“The Future will not just happen, you make it happen!”

Again this is just a fun BETA blog website with a few goals.  Our main goal is networking for results!  Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

Here are a few deals that closed of interest that our Senior Executive Advisors can help provide.

• The Riverside Company acquired Safety First Contracting, a Canada-based provider of traffic management solutions for utilities, utility contractors and telecommunication companies, as an add-on for its Area Wide Protective platform. Financial terms weren’t disclosed.

• Eckhart, a portfolio company of LFM Capital, acquired Logic Plus, a Reed City, Mich.-based electrical controls and automation company. Financial terms weren’t disclosed.

• Harvey Building Products, a portfolio company of Dunes Point Capital, acquired Thermo-Tech Windows & Doors, a Sauk Rapids, Minn.-based maker of new and replacement windows and doors. Financial terms weren’t disclosed.

• GrayMatter, a portfolio company of Hamilton Robinson Capital Partners, acquired Technical Marketing Manufacturing, Inca Denver, Colo.-based supplier of electrical control equipment and software.

• Entertainment Studios acquired the Weather Group, parent company of the Weather Channel television network and Local Now streaming service. The sellers were Blackstone, Bain Capital and Comcast/NBC Universal. Financial terms weren’t disclosed.

Talk with our senior executive advisors (SEA) that can help you explore options.

Happy Networking and Investing,

 

JD Morris

Investor Network by JD

VC Deal Flow


We hope to launch our new beta blog in 4q2017, but want keep posting about deals closing!  Here a few:

  • Science Exchange, a Palo Alto, Calif.-based operator of a platform for scientific services, raised $28 million in Series C funding. Norwest Venture Partners led the round. Existing investors Union Square Ventures, Maverick Capital and Collaborative Fund participated.
  • Spruce Finance Inc, a San Francisco-based provider of consumer financing for residential energy efficiency and solar technology, raised $25 million in funding from HPS Investment Partners.
  • Vector, a Tucson, Ariz.-based micro-satellite launch company, raised $21 million in Series A funding. Sequoia Capital led the round, and was joined by Shasta Ventures and Lightspeed.
  • Lynq, a New York City-based location technology startup, raised $19 million in seed funding. Plus Eight Equity Partners led the round, and was joined by investors including ARC Angel Fund and Angel Investor Forum.
  • Bonfire, a Canada-based sourcing enablement software, raised $11 million in funding. Battery Ventures led the round, and was joined by investors including Crosslink Capital and Spider Capital.
  • Make.TV, a Seattle, Wash.-based cloud live video acquisition and management solution, raised $8.5 million round of funding. Voyager Capital led the round. Microsoft Ventures, Vulcan Capital and Arnold Venturesparticipated.
  • Harver, an Amsterdam-based HR tech company, raised $8.1 million in Series A funding. Insight Venture Partners led the round.
  • Work Truck Solutions, a Chico, Calif.-based provider of commercial truck inventory solutions, raised $5 million in funding. Autotech Ventures led the round, and was joined by investors including Belle Michigan, Wakestream Ventures, Moneta Ventures and Golden Seeds.
  • UpKeep, a Los Angeles-based provider of maintenance management solutions for facility maintenance teams, raised $2.7 million in seed funding. Investors include Battery Ventures and Bain Capital Partners.
  • Terran Orbital, an Irvine, Calif.-based nanosatellite design, development, manufacturing, testing and launch company, raised funding of an undisclosed amount from Lockheed Martin Ventures.
  • ProSteel Security, a Provo, Utah-based maker of safety and security products, raised funding of an undisclosed amount. Investors include City Capital Ventures and Promus Equity Partners LLC.
  • Kakao Mobility, the South Korea-based ride-hailing service platform run by Kakao Corp, raised 500 billion KRW ($437 million) in funding from TPG.
  • tpg capital