A naukri.com initiative
Private Equity News
Peprofessional
1M
260
It’s All Green at Blue Sage
- Blue Sage Capital has closed its fourth fund, Blue Sage Capital IV LP, with $618 million of capital, surpassing the original target of $400 million.
- The new fund aims to maintain focus on lower-middle market investments in niche manufacturing, environmental solutions, and specialty services industries.
- Limited partners include college and university endowments, charitable foundations, pension funds, and large family offices, many of which have a long-standing relationship with Blue Sage.
- Blue Sage has raised over $1.2 billion since its inception in 2002 and is committed to generating strong returns for its limited partners.
Read Full Article
15 Likes
Peprofessional
1M
242
Abacus Finance Names New President
- Sean McKeever has been promoted to President of Abacus Finance Group.
- Abacus Finance Group offers cash-flow-based senior financing to private equity-sponsored, lower middle-market companies.
- Abacus recently received a Small Business Investment Company (SBIC) license and closed its inaugural SBIC fund.
- The firm aims to support U.S.-based lower-middle-market businesses and enhance its investment capabilities with the new appointments.
Read Full Article
14 Likes
Funded
2M
215
Image Credit: Funded
Perspective AI Funded $4M to Revolutionize Customer Insights
- Perspective AI, an AI-powered research assistant, has secured $4 million in funding.
- The company aims to revolutionize customer insights and engagement for businesses.
- Their platform uses AI-powered interviews to collect feedback, providing deeper and more honest insights.
- The funding will be used to develop the platform further and build a team of experts in AI and data analytics.
Read Full Article
12 Likes
Nytimes
2M
229
Image Credit: Nytimes
Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek
- Blackstone, a major global investor in data centers for A.I. systems, remains optimistic about the need for physical infrastructure despite the rise of Chinese A.I. start-up DeepSeek.
- Jonathan Gray, Blackstone's president, stated that there is still a vital need for data centers and power, although the form of their use may change.
- Blackstone has made significant investments in data centers, including the acquisition of QTS for $10 billion and leading a $24 billion deal to buy AirTrunk.
- Mr. Gray expects wider adoption of A.I. as the cost of computing power decreases. Blackstone builds data centers only for technology companies with long-term leases.
Read Full Article
13 Likes
Peprofessional
2M
110
Lucky 13: Frontenac Closes Oversubscribed Fund XIII at $900 Million
- Frontenac has closed its 13th fund, Frontenac XIII Private Capital LP, at an oversubscribed amount of $900 million.
- The fund's target at the launch of fundraising was $700 million.
- Frontenac invests in lower middle-market businesses in consumer, industrial, and services industries.
- The fund's limited partners include endowments, foundations, pension funds, asset managers, and family offices.
Read Full Article
6 Likes
Nytimes
2M
151
Image Credit: Nytimes
Frontier Airlines Offers to Buy Spirit Airlines, Again
- Frontier Airlines has made a second attempt to acquire Spirit Airlines in a $2.1 billion deal, after an unsuccessful merger attempt in 2022.
- Spirit Airlines has rejected the offer, as it was significantly lower than the previous $2.9 billion merger proposal.
- The proposed merger would bring together the two largest budget carriers in the U.S. and could reshape competition in the airline industry.
- Frontier believes a combined airline would provide more options, deeper savings, and an enhanced travel experience.
Read Full Article
9 Likes
Funded
2M
18
Image Credit: Funded
Turn Your Love for Travel into a Profitable Franchise Business
- A travel franchise provides the perfect platform for individuals passionate about exploring the world to share that excitement with others while earning an income.
- A travel franchise is a business model where you partner with a reputable travel company to sell vacation packages, cruises, and travel-related services.
- Key benefits of owning a travel franchise include established brand recognition, comprehensive support, flexible work environment, growing travel industry, and low startup costs.
- Investing in a travel franchise allows you to combine your passion for vacations with a money-making opportunity, leveraging the resources of an established brand and tapping into the growing travel industry.
Read Full Article
1 Like
For uninterrupted reading, download the app