The Carve-Out | HSBC AM’s new credit strategies, Warburg Pincus makes AU housing bet, AustralianSuper’s $1.1bn loss
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This week in private equity
🤝 TA Associates and Montagu have agreed to become co-controlling shareholders of Harvest, a FinTech owned by Five Arrows LLC . Read more
2️⃣ HSBC Asset Management has added two new strategies to its private credit platform – Global Transition Infrastructure Debt and European Senior Direct Lending. Read more
🤔 Vista and Summit are considering the sale of financial software provider Trintech – valuing the company at around $2bn. Read more
💼 Apax is set to acquires a controlling stake in supply chain risk management solutions firm Veriforce from Thoma Bravo . Read more
⬆️ Newly established CCS Partners has already raised $4bn in capital commitments since its launch earlier this month, Bloomberg reports. Read more
🏠 Warburg Pincus LLC has partnered with MA Financial Group to launch an AUD1bn investment vehicle – a strategic move into the Australian housing market. Read more
The week in numbers
🤖 $100bn – the potential valuation for OpenAI based on ongoing talks for a $1bn funding round, led by Thrive Capital, Wall Street Journal reports. Read more
🎯 $4bn+ – the target raise for Pemberton’s latest opportunistic credit fund, also reported by Wall Street Journal. Read more
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✅ $2.7bn – funds raised at close by LS Power Group, a manager focused on the North American power and energy infrastructure sector, for its latest fund. Read more
👀 $1.1bn – AustralianSuper’s largest ever single VC loss, incurred on US-based online education start-up plurasight, written off in equity and loans. Read more
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