Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
Blackstone
$2.6B
Eighth real estate secondaries fund
New Heritage Capital
$438M
Fourth fund
NXTP
$98M
Third fund
Pantheon
$3.25B
Seventh global private equity secondaries fund
Star Mountain Capital
$1.2B
Fourth direct lending fund
Tola Capital
$230M
Third fund
Tower Arch Capital
$750M
Third fund
Twelve Below
$108M
Second early-stage fund ($80M) and Opportunity fund ($28M)
Private Equity Deals
WILsquare Capital
Automotive Color & Supply Corp.
Undisclosed amount
Roseville, MI-based distributor of automotive and industrial paint and supply products in Indiana and Illinois
Rotunda Capital Partners
Door Pro America
Undisclosed amount
Gainesville, VA-based DTC installer and service provider of residential garage doors
Gauge Capital
East Coast Institute for Research
Undisclosed amount
Jacksonville, FL-based clinical research site management group focused on cardiovascular and metabolic diseases.
KKR
Global Atlantic
Undisclosed amount
New York, NY-based insurer
Lightyear Capital
Inszone
Undisclosed amount
Rancho Cordova, CA-based insurance brokerage
Paceline Equity Partners
Kelso Industries
$50M
Phoenix, AZ-based provider of HVACR installation and maintenance services
KKR
Potter Global Technologies
Undisclosed amount
St. Louis, MO-based provider of fire safety and emergency communication products
Blackstone
Rover Group
$2.3B
Seattle, WA-based pet walking and sitting marketplace.
Avenue Sports Fund, Ryan McKillen, Mike Buckley
SailGP
$40M
U.S. team of international sailing league
EagleTree Capital
Summit Hill Foods
Undisclosed amount
Rome, GA-based owner of the Better Than Bouillon and Original Louisiana Hot Sauce brands
Madison Dearborn Partners
T2S Solutions
Undisclosed amount
Belcamp, MD-based provider of engineering and related services to the DoD and other U.S. government agencies
Norwest Equity Partners
United Sports Brands
Undisclosed amount
Fountain Valley, CA-based portfolio of sporting goods and active lifestyle brands like Shock Doctor
Fort Point Capital
Visu-Sewer
Undisclosed amount
Pewaukee, WI-based provider of wastewater infrastructure rehabilitation and maintenance services
Sustainable Development Capital
Volery
Undisclosed amount
Greenwich, CT-based private equity firm focused on the energy transition.
Venture Capital Deals
Cowen Healthcare Investments, Johnson & Johnson Innovation, Northpond Ventures, Healthcap, BVF Partners
Aro Biotherapeutics
$41.5M
Philadelphia, PA-based developer of tissue-targeted genetic medicines
Liberty Strategic Capital, Istari
BlueVoyant
$140M
New York, NY-based cyber threat intelligence firm
Laborie Medical Technologies
Bright Uro
$23MI
rvine, CA-based medical device company focused on the lower urinary tract
Goldman Sachs, WiL
Candex
$45M
New York, NY-based procurement management platform
WestBridge Capital, StepStone Group, Mayfield
DuploCloud
$32M
San Jose, CA-based cloud app provisioning startup
Resolve Growth Partners
Kahuna Workforce Solutions
$21M
Houston, TX-based provider of skills management software for frontline workers.
Khosla Ventures, Clear Ventures, Engineering Capital, Wipro Ventures
Kognitos
$20M
San Jose, CA-based provider of back-office automation software
Volition Capital
Mozaic.io
$20M
Chicago, IL-based payments platform for creators
SixThirty, Rally Ventures, IA Capital Group, FCA Venture Partners, Plug and Play Ventures
PayGround
$19.7M
Gilbert, AZ-based health care payments startup
Lightspeed Venture Partners, Homebrew, Conviction Capital, SV Angel, Ben’s Bites, Adam D’Angelo, Nat Friedman, Alex Chung
Pika Labs
$55M
San Francisco, CA-based text-to-video platform
Centana Growth Partners, Full In Partners, PROOF
RepeatMD
$40M
Houston, TX-based inbound revenue SaaS for aesthetic and wellness practices
NEA, Moore Strategic Ventures, AEI HorizonX
Second Front Systems
$40M
Wilmington, DE-based provider of national security software
Sageview Capital, USVP, Javelin Venture Partners, Uncork Capital, Edith Harbaugh, Lowercase Capital
Stensul
$34.5M
New York, NY-based marketing creation platform
Kleiner Perkins, Nvidia, Emergence Capital Partners
Together
$102.5M
Menlo Park, CA-based cloud platform for generative AI training
Explorer 1 Fund, Eclipse, RTX Ventures, BlackRock, Exor Ventures, Mack & Co., XN
Ursa Major
$138M
Berthoud, CO-based rocket engine maker
UK Infrastructure Bank, Airbus, Barclays, Neom
ZeroAvia
$116M
Hollister, CA-based developer of hydrogen planes