Kirk Falconer
'This is the best time ever for investing – and yet it’s hard to get capital,' says Ryan Hinkle, managing director of Insight Partners.
The flagship fund, targeting $12.5bn with a $15bn hard-cap, is expected to hold a final close in the early months of 2025, sources told Buyouts.
The firm is seeking $400m for NewView Capital Fund III and $300m for NewView Capital Special Opportunities Fund III.
Inovia Growth Fund III closed on $300m this month and will now focus on raising the rest of its $450m target.
Ballast aims to provide tailored liquidity solutions to individuals or institutions holding interests in venture-backed companies or growth equity and venture funds.
Dedicated tech funds brought in $33bn in the first half, down 43% from a year earlier, while fund closings, totaling 84, dropped 53%.
CPPIB's new growth equity unit appears to have swallowed up the pension manager's three-year-old venture capital business.
San Francisco-based food technology company GrubMarket has acquired WaudWare, a Kincardine, Ontario-based food supply-chain software solutions provider.
Auvik has acquired MetaGeek, a Boise, Idaho-based provider of tools to help network professionals deploy and maintain wireless networks.
Gensler’s overarching goal, he said, is to 'bring more sunshine and competition to the private funds space.'