Private Capital Monitor 09/06

09th June 2023


Media of the week  ­

Kim Kardashian Launches Her Own Private Equity Fund

The reality TV star turned entrepreneur, who last year announced that she would partner with Carlyle Group Inc. veteran Jay Sammons to start Skky Partners, hosted the most popular panel at the three-day event, with an overflow room filled to capacity at the conference center.

Watch the video here ­

PE Podium


Apollo Global Management, the largest alternative credit manager, states the industry could grow to replace as much as $40 trillion of the debt markets. Fidelity International and T Rowe Price are among firms making moves.

Worth a read


Sequoia, the giant global venture capital firm, known for early investment in a host of now-leading tech companies including Google, Instagram, Airbnb, Whatsapp, Zoom, ByteDance, and GoTo, is breaking itself up into three distinct firms, amid rising tensions between Washington and Beijing.


Sylvain  Broyer, Chief EMEA Economist at S&P Global Ratings, highlights the incomplete state of the European single market and emphasizes the hindrance caused by the unfinished banking and capital markets soon. He points out that this fragmentation has led to stagnant private capital flows within the EU since the global financial crisis and argues “private investment, driven by private savings, isn’t reaching the areas that really need it.”


Responsible Investor reports French investors and climate groups have called for France’s Socially Responsible Investment (SRI) label to be more explicitly linked to EU sustainable finance regulation in the committee’s latest consultation.

Wall of money

Archimed closes MED II on €3.5bn

Despite a difficult fundraising environment, the final close is above the fund’s €2bn target and over double of its predecessor..

BlackRock’s Global Renewable Power Fund returns to market with $7bn target

The move comes a little more than two years after BlackRock closed the Global Renewable Power Fund III on $4.8bn, exceeding a $2.5bn target.

Deal Chart

Acquisition Target Buyer Seller Value Date Announced Region  Sector
Kreos Capital BlackRock   n/a 08/06/2023 UK Financial Services
Qualitech MidOcean   n/a 08/06/2023 US Food manufacturer
Yingling Aviation AE Industrial Partners   n/a 07/06/2023 US Aviation
RailCube Main Capital Partners   n/a 07/06/2023 France Software provider
CIRCOR International KKR $1.6 bn 06/06/23 North America Industrial manufacturing
Aracom IT Services Maxburg Capital Partners   n/a 06/06/2023 Germany Software development services
PACIV Blackford Capital   n/a 06/06/2023 Puerto Rico Industrial automation solutions
Viataurus Ufenau   n/a 05/06/2023 Germany Security technology solutions
Made4Net Ingka Investments Thompson Street Capital Partners n/a 02/06/2023 UK Software provider

Movers and Shakers

  • Keensight Capital has announced it is opening an office in Boston, Massachusetts, with the aim of cementing its US presence.
  • Ara Partners has hired Kaitlin Fronczek as director of investor relations in London.

From the Horse’s mouth

“There are a lot of people in private credit markets who have never experienced a downturn….All they know is how to be bullish.” – Patrick Marshall, Head of Private Debt at Federated Hermes

“It does not answer the current questions at all, and it’s creating a tool that will be an official greenwashing label.” – Mirova CEO Philippe Zaouati concerns over the consultation on the SRI label.

Jackie Mason, American Emmy and Tony Award-winning stand-up comedian, born on this day in 1928. – “Predictions are preposterous.”

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Rebecca Gaffney

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