Firms & Funds

Emerging Manager Roundup: C-III, New MainStream, March and more

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Roundup

Emerging managers raised more than $2.4 billion in the past few weeks. Nine firms raised over $100 million.

Six of those nine were private equity firms.

Real estate service company C-III Capital Partners outraised all other firms. It raised more than $487 million of a targeted $600 million.

New MainStream Capital, created as a spinoff of Goldman Sachs, raised over $367 million.

Emerging managers in Nashville brought in a combined volume of over $302 million thanks to the firms Capital Alignment and LFM Capital.

No venture capital firm raised more than March Capital. The firm has raised more than $255 million across two funds currently in market.

Below is a rundown of the most significant emerging private equity and venture capital funds that Buyouts has identified as being in the market over the past few weeks:

Private Equity:

Brown Brothers Harriman’s alternative funds target real estate and infrastructure. Its third real estate income fund raised nearly $179 million of a targeted $250 million.

Canyon Partners’ flagships invest across different capital structures on a global basis, with emphasis on the U.S. and Western Europe. Its second fund raised nearly $75 million across its parallel funds.

Capital Alignment invests in lower-middle-market companies within healthcare, consumer products and services, retail and industrial. Its third flagship has raised over $118 million.

C-III Capital Partners is a commercial real estate services company. Its third recovery fund raised more than $478 million of a targeted $600 million.

CM Wealth Advisors is a family office that offers investment-management and financial-planning services. Its first Private Opportunities fund raised over $11 million of a targeted $50 million.

Invictus Capital Partners specializes in sourcing, pricing, underwriting, acquisition and asset management of real estate loans and securities. Its second opportunities fund raised more than $197 million.

LFM Capital invests in manufacturing and industrial services in the U.S. and Canada. It raised over $184 million across its second fund and its parallel.

Muddy Creek Energy is trying to put a dent in its first flagship’s target of $250 million. The firm, which focuses on natural energy from the Appalachian basin, raised more than $3 million.

New MainStream Capital was formed by former members of Goldman Sachs. The firm focuses on healthcare service and business service. It raised over $376 million of a targeted $450 million.

RCP Advisors uses multiple investment strategies in the lower-middle market. Its third secondaries opportunities raised more than $245.9 million of a targeted $500 million.

Venture Capital

AFI Capital Partners is a growth equity investment firm. Its first flagship raised $5.8 million.

Atomic is an early-stage venture firm backed by Peter Thiel. Its debut fund closed with $20 million. Its second closed with more than $148 million.

Bay Capital Ventures is an early-stage firm. Its first flagship has raised over $5 million of a targeted $150 million.

DeepWork Capital invests in high growth companies in the technology and life science sectors. Its second investors fund raised more than $11 million.

March Capital is a technology investment firm, focusing on enterprise software, cloud and IoT infrastructure and next-gen consumer products. Its second flagship fund and opportunity fund raised a combined volume of over $255 million.

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Matchstick Ventures is a seed-stage investor focused on the Rockies. Its second flagship raised over $12 million of a targeted $25 million.

Palisades Growth Capital invests in software, mobile and technology-enabled business in a variety of sectors. Its second flagship raised over $70 million of a targeted $125 million.

Stray Dog Capital is looking to make a difference by investing in alternatives to the use of animals in the supply chain. Its second flagship raised more than $23 million.

Thayer Ventures focuses on companies within the travel and hospitality industries. Its third flagship along with its parallel have raised nearly $25 million.

https://www.sec.gov/Archives/edgar/data/1710471/000171047118000001/xslFormDX01/primary_doc.xml

Viridian Capital Advisors helps provide growth and management to the cannabis industry. Its Viridian Members Fund NY has raised more than $1.3 million of a targeted $10 million.