The Arizona State Retirement System (ASRS) is seeing early signs of a recovery in the exit market, with the value of its portfolio of private equity investments increasing by 10.4% in the first quarter of 2023. The ASRS’s private equity portfolio is valued at $36.4…
The biotech industry has been through a tough few years. The global pandemic has had a significant impact on clinical trials and drug development, and the stock market has been volatile. As a result, venture capitalists (VCs) have been hesitant to invest in biotech startups….
Gutter, a provider of data infrastructure for the construction industry, has closed a $50m Series B funding round led by Tiger Global Management. The round also included participation from existing investors Accel, Operator Collective, and BoxGroup.The funding will be used to accelerate Gutter’s growth, expand…
LightForce Orthodontics, a provider of clear aligners, has closed a $80m Series D funding round led by SoftBank Vision Fund 2. The round also included participation from existing investors Accel, GV, and Khosla Ventures. The funding will be used to accelerate LightForce’s growth, expand its…
State Street Corporation (STT), a leading global financial services company, has announced that it will acquire full ownership of its India venture, State Street Syntel (SSTI). The acquisition will be completed through a cash purchase of the remaining 49% stake in SSTI that State Street…
Pratekk Agarwaal, the former Chief Business Officer at BharatPe, has launched his maiden operator VC fund, GrowthCap Ventures. The fund will focus on early-stage investments, from seed to pre-Series A rounds, in fintech, SaaS, and deep-tech startups. Agrawala has over 15 years of experience in…
The National Association of Investment Companies (NAIC) has announced an agreement with U.S. Bancorp Impact Finance to increase the flow of capital to diverse-owned alternative investment managers. The agreement will provide $100 million in funding to NAIC’s Diversity Capital Fund, which invests in private equity,…
The private equity deal market has been on a slowdown in recent months, as investors have become more cautious about making new investments. This has led some private equity firms to get creative about how they raise cash. One way that private equity firms are…
Cedar Fair Entertainment Company (NYSE: FUN), a leading amusement park company, today reported financial results for the second quarter ended June 30, 2023. Key Highlights: Net revenues of $506.3 million, an increase of 20.3% compared to the second quarter of 2022.Net income of $140.1 million,…
The co-founders of Futureverse, Shara Senderoff and Aaron McDonald, have launched a new $50 million fund and venture studio called Born Ready. The fund will invest in early-stage Web3 and metaverse startups, and the venture studio will provide hands-on support to help these companies grow…
