Mitheridge Capital Management’s Post

Arax Investment Partners, a wealth management platform backed by private equity firm RedBird Capital Partners, has purchased Cedrus Financial, a Littleton, Colo.-headquartered registered investment advisor with about $1 billion in client assets.

Arax Investment Partners, a wealth management platform backed by private equity firm RedBird Capital Partners, has purchased Cedrus Financial, a Littleton, Colo.-headquartered registered investment advisor with about $1 billion in client assets.

Singapore-based investment management firm Shorea Capital has appointed Redevco’s former head of global transaction management Adam Starr as its new UK managing director.

Magellan Financial Group has announced the launch of its first long-short product, its third fund arising from its strategic partnership with Vinva Investment Management. https://lnkd.in/ec7wpsPE

Singapore’s CapitaLand Investment is purchasing a 40% stake in pan-Asia real estate fund SC Capital Partners for S$280 million ($214 million) to bolster its investment management capabilities.

Kudu Investment Management, LLC. has made a minority investment in RiverNorth Capital Management, LLC. Read more about it here: https://lnkd.in/djpvPpda #privateequity #venturecapital #gpstakes #assetmanagement #alternativeinvestments

CapitaLand Investment (CLI) has acquired a stake in SC Capital Partners Group (SCCP), a move aimed at scaling up its presence in the Asia-Pacific region. This strategic investment is part of CLI’s broader efforts to expand its footprint and enhance its capabilities in the region. https://lnkd.in/gRBFc8fx

Fundraising in the private markets GP stakes investment strategy continues to remain robust. Congratulations to Ajay Chitkara and Bonaccord Capital Partners on raising $1.6 billion for their second GP stakes fund bringing total AUM to $5 billion to partner with fund managers with $1 billion to $10 billion of fee-paying AUM focused on private equity, private credit, real estate and real assets and a 10-year track record. I appreciate Bonaccord Capital Partners's focus on the #middlemarket that has earned them what I believe to be one of the strongest portfolios in the GP stakes fund manager landscape: Trivest Partners, Shamrock Capital, Synova, VMG Partners, Lead Edge Capital, Revelstoke Capital Partners, AE Industrial Partners, LP, Monroe Capital LLC and others. Investor interest was strong as Bonaccord Capital Partners Fund II outpaced a $1.25 billion target and its predecessor fund, which collected about $740 million. As I continue to meet investors in #Asia and the #MiddleEast, the #gpstakes strategy no doubt is in the early innings of overall fundraising. The key question - as competition heats up from existing and new entrant fund managers as well as #insurancecompanies and #assetmanagers, how will firms differentiate and when does the base of investable fund managers dry up? #alternativeassets #fundmanagers #capitalmarkets #privatemarkets #privateequity #privatecredit #realestate #limitedpartners #secondaries #differentiation #fundraising https://lnkd.in/gytK-HBr

LPLink's Weekly Fundraise Report 1. Antin Infrastructure Partners has successfully closed its fifth flagship fund at €10.2 billion ($10.82 billion), making it the largest infrastructure fund to close this year. The Paris-based investment firm surpassed its previous fund size by over 50%. https://lnkd.in/ekyyxrPy 2. GTCR LLC, led by its Chicago-based private equity team, is expected to close its second mid-market buyout fund, GTCR Strategic Growth Fund II, with a $3 billion target in early 2025. The fund will focus on investments in financial services, healthcare, technology, and other key sectors. https://lnkd.in/eKDXnZZy 3. The Riverside Company is targeting $550 million for its second Value Fund, focusing on driving revenue growth and margin expansion. The fund reflects the firm's adaptive strategy in a private equity market marked by tighter multiple expansions. https://lnkd.in/eXCN6euu 4. Trez Capital has successfully closed its eighth US Opportunity Fund, raising $43 million in capital commitments. The fund will invest in residential real estate developments in the US Sun Belt region, targeting pre-tax IRRs of 17% to 19% across eight to ten developments. https://lnkd.in/eEpQxUPK

RiverNorth Capital Management, LLC has partnered with Kudu Investment Management, LLC., with Kudu taking a passive minority stake to support RiverNorth's growth initiatives. RiverNorth, a prominent manager in niche capital markets, manages $5.2 billion of assets, while this marks Kudu's 27th permanent capital investment across asset and wealth managers globally. https://lnkd.in/gMRSpy5v #GPStakes #GPStake #GPSeeding