In part three of the "Distinguished CIO" panel at Trusted Insight' 2018 Machine Learning Summit, chief investment officers answered questions from the audience. They discussed early-stage venture and its high return profile; the rise of new investment models like incubators, platforms and studios; and why geopolitical factors keep them up at night.
No wonder, then, that there was a sense of optimism and excitement about the state of venture capital in Michigan at the recent Michigan Growth Capital Symposium, which drew 35 companies from around the Midwest to Ypsilanti to pitch for equity capital. The symposium attracted a record attendance of 530, which included angel investors, venture capitalists and service providers from around the state.
Welsh, Carson, Anderson & Stowe, one of the leading private equity firms in the United States focusing on the Technology and Healthcare industries, and Revel Systems (“Revel” or the “Company”), a leading provider of cloud-based point of sale (“POS”) solutions, today announced that WCAS has led a significant new growth capital investment in Revel. WCAS made its initial investment in Revel in 2014, and following the transaction, WCAS will be Revel’s new majority shareholder.
<p>According to an SEC filing, the venture and growth capital arm of China’s Legend Holdings Corporation aims to raise $374 million for its latest fund. It is still in the process of raising the remaining $132 million. It began fund raising about a year ago.</p>
<p>Muthoot Microfin Ltd, subsidiary of diversified financial services company Muthoot Pappachan Group, has raised Rs 130 crore (around $20 million) of growth capital from Creation Investments Llc.</p> <p>The US-based PE firm picked up 11 per cent stake in Muthoot Microfin in lieu of its investment, valuing the company at over Rs 1,111 crore.</p>
<p>Thanks to participation from the Miami-based Coulter Foundation, organizers for the 36th annual Michigan Growth Capital Symposium say May's event will be the biggest and best ever.</p> <p>Forty Midwest companies will make pitches for funding at the event, which will draw about 600 investors and service providers to the Marriott Eagle Crest resort in Ypsilanti May 16-17.</p> <p>New this year will be the simultaneous Coulter Investment Forum, which will also showcase 30 emerging life science companies from the 16 universities nationally that participate in Coulter Foundation research partnerships.</p>
<p>Providence Strategic Growth Capital Partners LLC, an affiliate of Providence Equity Partners LLC, <a href="http://www.businesswire.com/news/home/20161212005331/en/Providence-Strategic-Growth-Closes-Fund-II-640">has closed its</a> oversubscribed second fund at a hard cap of $640 million.</p> <p>PSG focuses on lower mid-market software and technology-enabled service companies mostly in North America.</p> <p>The limited partners of PSG Fund II include corporate pensions, family offices and high-net worth individuals.</p>
Investors aren't stupid or lazy, but even thoroughly vetted startups can fail. Most startups fail, and the money backing them is lost. Only a third of companies that receive seed funding make it to a Series A .
<p>Amicus Capital Partners, the growth capital private equity fund founded by former Carlyle India managing director Mahesh Parasuraman and Sunil Theckath Vasudevan, former partner of India Value Fund Advisors, has raised about $90 million (Rs600 crore) as first close of its $200 million fund.</p> <p>Amicus, which was launched in March 2015, has seen commitments from large European family offices and multilateral institutions.</p>
Generation Growth Capital Inc said Nov. 16 that it acquired Harrell’s Car Wash Systems Inc. Financial terms weren’t announced. Mark Harrell, the founder, was the seller. Stephenson National Bank & Trust and EXMARQ Capital Partners Inc provided financing. Indianapolis-based Harrell is a distributor of car wash systems and supplies.