LPs

Emerging Manager Roundup: Eclipse, Dignari, New Energy, PeakSpan and more

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Roundup

Emerging managers started 2019 red hot, closing funds with more than $3.3 billion. Seven private equity firms and four venture capital firm raised more than $100 million.

No firm raised as much as Eclipse. The venture firm, founded by Lior Susan, closed its third flagship at $500 million.

Not far behind was the PE firm Dignari Capital Partners, which brought its sophomore China credit fund up to over $476 million.

New Energy Capital also had a sophomore fund closed near the $500 million mark. Its second energy infrastructure fund raised more than $474.8 million.

Back on the venture side, PeakSpan Capital closed its sophomore fund at $265 million

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

Private Equity:

Albaron Partners focuses on small businesses across the healthcare, business services and energy sectors. Its sophomore fund raised more than $2 million.

Brownstone Equity Partners raised $40 million for its debut fund. The firm’s target is $75 million.

Crayhill Capital Management is an alternative asset management firm specializing in asset-based, private credit opportunities. Its sophomore co-investment fund raised over $44.1 million.

Cresta Energy Capital facilitates a solutions-oriented partnership with their portfolio companies. Its debut fund raised $163 million.

Dignari Capital Partners is an investment management firm specializing in credit and special situations in the Greater China region. Its current fund has more than $476.5 million of a targeted $500 million.

Dignity Capital’s Dev Equity aims to invest in private companies in low-income countries to help make improvements and positive impacts on the community. Its sophomore fund raised more than $4.3 million.

GLS Capital specializes in commercial litigation finance. Its debut fund raised $25 million of a targeted $175 million.

Hidden Harbor Capital Partners pursues lower-middle-market North American companies across an array of industries. Its debut fund raised more than $254 million.

MiddleGround Partners is a spinout of Ex-Monomoy partners. The firm looks to invest in North American B2B industrial and specialty distribution companies. Its debut fund raised $140 million.

New Energy Capital invests in clean energy infrastructure assets. Its sophomore offshore credit fund raised more than $478.8 million.

Raith Capital Partners focuses on commercial real estate debt and equity investments. Its second real estate fund raised $171 million.

Red Rock Minerals wants to become the most trusted and reliable mineral partner in Oklahoma. Its second fund raised over $16.9 million.

Renovo Capital focuses on troubled and underperforming companies within manufacturing, business services, energy services, technology and e-commerce. Its third fund raised more than $187 million.

Venture Capital:

Atlas Ventures provides seed and early stage investments in biotech startup companies. Its debut opportunity fund raised $250 million.

Bracket Capital, founded by Yalda Aoukar and Jihan Bowes-Little, provides investors with the option to invest in a diversified venture fund or directly on a deal-by-deal basis. Its current fund raised $1 million.

Caffeinated Capital is an early-stage venture firm that focuses in founders using software to innovate financial services, enterprise software, digital health and crypto. Its fund raised more than $1.1 million.

Eclipse, founded by Lior Susan, invests in seed and early-stage startups in data, hardware and software. Its third flagship closed at $500 million.

March Capital Partners focuses in technology entrepreneurs in enterprise software, cloud and IOT infrastructure and next-gen consumer. Its raised more than $301 million across two funds.

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Next Play Capital provides specialized investors access to top venture funds and companies. Its second Rubrik fund raised over $3.7 million.

PeakSpan Capital is exclusively focused on business software companies. Its sophomore growth fund raised $265 million.

SmartInvest Ventures invests in European and U.S. companies in med-device and healthcare, internet securities, IOT, engineering, education and agri-tech. Its debut fund raised more than $11.5 million.