The Scherzer Deal Report: July 17-21, 2023

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.

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Fundraising for PE & VC Funds

Adverb Ventures
$75M
Debut fund

Angelo Gordon
$1B+
AG Asset-Based Credit Fund

Bain Capital Insurance
$1.15B
Debut fund

Bracket Capital
Los Angeles, CA
$450M
Third set of flagship fund ($150M) and co-invest fund ($300M)

CoinFund
$158M
Newest crypto-focused venture fund

Davidson Kempner Capital Management
$3B
Sixth opportunities fund

Pure Ventures
San Francisco, CA
$20M
Second fund

Westlake Village BioPartners
Los Angeles, CA
$450M
Third fund

Private Equity Deals

KKR
Chase Corporation
$1.3B
Westwood, MA-based manufacturer of protective material

Tonka Bay Equity Partners
Corporate Technologies
Undisclosed
Minneapolis, MN-based IT managed services provider

IMB Partners
eTelligent Group
Undisclosed
Leesburg, VA-based government IT company

Incline Equity Partners
GME Supply Co.
Undisclosed
Columbia, MO-based distributor of fall protection, safety, and productivity equipment

Entrepreneurial Equity Partners
MBC Companies
Undisclosed
McDonald, TN-based frozen breakfast foods provider

TPG
Nextech
$1.4B
Tampa Bay, FL-based physician practice software provider

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory

Platinum Equity
The HC Companies
Undisclosed
Twinsburg, OH-based North American manufacturer of horticultural containers

Venture Capital Deals

8VC, GC1 Ventures
Anduin
$15.6M
San Francisco, CA-based maker of tools for private market transaction

Argonautic Ventures, Metaplanet, other investors
Cognaize
$18M
New York, NY-based fintech data processing startup

Sapphire Ventures, YC, Wayfinder Ventures, Burst Capital, Cabra VC, Davidovs VC
Collectly
$29M
Santa Monica, CA-based patient financial engagement software company

Solana, Polygon
Cosmic Wire
$30M
Miami, FL-based blockchain startup

10T Holdings, Ripple
Futureverse
$54M
Los Angeles, CA-based AI and metaverse technology and content startup

Lightspeed Venture Partners, Krafton
Gardens
$31.3M

Los Angeles, CA-based gaming studio

Michael Cline, Juxtapose
Herself Health
$16M
New York, NY-based women’s health care company

Bain Capital Ventures, ICONIQ Capital, Amplify Partners
Hightouch
$38M
San Francisco, CA-based data infrastructure startup

SignalFire, Union Square Ventures, CRV, GGV, Commerce Ventures, Dreamers VC
Karat
$40M
Los Angeles, CA-based maker of fintech tools for content creators

General Atlantic’s BeyondNetZero, KKR, Generation Investment Management
o9 Solutions
$116M
Dallas, TX-based supply chain planning and demand forecasting company

Horizon Capital, Reach Capital, Hoxton Ventures
Preply
$70M

Brookline, MA-based online language learning marketplace

Mainsail Partners
ProShop
$32M
Bellingham, WA-based machine shop software provider

Blockchain Capital, Bain Capital, Galaxy Digital, Fenbushi Capital, Delphi Digital
Risc Zero

$40M
Seattle, WA-based blockchain technology startup

Initialized Capital, Elad Gil, Jason Tan
Runway
$27.5M
San Francisco, CA-based startup financial planning tools maker

Wellington Management, Greenoaks Capital Partners, D1 Capital Partners, Imaginary Ventures
Skims
$270M
Los Angeles, CA-based shapewear company founded by Kim Kardashian

Bioluminescence Ventures, with KdT Ventures, Piedmont Capital, 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, Pitango HealthTech
Surge Therapeutics
$32M

Boston, MA-based biotech company

8VC, Prologis Ventures, RyderVentures, NFI Ventures, Lineage Logistics, Vehicle Velocity Group, the Friedkin Group International, 9Yards, Northstar.vc, Amplifier, MS&AD Ventures
Terminal Industries
$17M
Austin, TX-based logistics management software startup

Madrona, Bain Capital Ventures, M12 Ventures, Mango Capital, MongoDB Ventures, Shield Capital, Harrison Chase, Bob van Luijt, Josh Lefkowitz
Unstructured
$25M
Sacramento, CA-based large language data management startup

Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson, James Harden, Cory Levy, Josh Browder
Whop.com
$17M
New York, NY-based marketplace for digital products

Battery Ventures, Grove Ventures, StageOne Ventures, Secret Chord Ventures, Cerca Partners, Operator Partners, angel investors
Wing Cloud
$20M
New York, NY-based open-source software company

July 26th, 2023|Scherzer Deal Report|

Scherzer International sponsors the Sunflower Wine Festival 2023

This year SI is one of the sponsors of Prayers From Maria Foundation’s annual Sunflower Wine Festival held on July 8, 2023. Prayers From Maria is a charity based in Rocky River, Ohio, dedicated to funding global research into the causes, prevention, treatments, and cure for the deadliest childhood brain tumors known as gliomas.

Ed and Megan McNamara started “Prayers From Maria Children’s Cancer Foundation” after their daughter Maria passed away in 2007 from glioma, a cancer of the brain, or brain tumor, which forms in the glial cells of the central nervous system.

Glial cells are those that surround and support nerve cells. While some brain cancers originate elsewhere in the body, gliomas originate in the central nervous system. They are often called “primary” brain tumors. That is dedicated to funding global research into the causes, prevention, treatments, and cure for deadly childhood brain tumors.

The foundation has a Medical Board comprising some of the country’s best doctors for this disease. Because childhood brain tumor research is underfunded, the McNamara family is diligently working to make a difference by raising public awareness and bringing hope to children and their families affected by this disease.

Please visit their website for more information on the Prayers From Maria Foundation.

July 20th, 2023|Press Release|

The Scherzer Deal Report: July 10-14, 2023

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.

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Fundraising for PE & VC Funds

Albion River
$400M
New Albion Platform Holdings to support Defense and fund US and allied military customers

Alpine Investors
$4.5B
Ninth fund

Antares Capital
$6B
The second senior loan fund

Audax Private Equity
$7.8B
Seventh flagship PE fund ($5.25B) and its first lower midmarket fund ($774M)

Cordillera
$443M
Third fund

Distributed Ventures
$100M
Debut fund

Long Ridge Equity Partners
$730M
Fourth fund

May River Capital
$500M
Third fund

Modi Ventures
$32M
Debut fund

Morgenthaler Private Equity
$633M
Fourth fund

North Branch Capital
$213M
Second fund

Prime Coalition and Azolla Ventures
$239M
Climate tech VC fund

RCP Advisors
$797M
Fourth, PE secondary opportunities fund

Sheridan Capital Partners
$575M
Third fund

Shore Capital Partners
$640M+
First industrial-focused PE fund ($208M) and its fifth health care fund ($436M)

SineWave Ventures
$160M
Third fund

Suffolk Technologies
$110M
Debut fund

The Raine Group
$760M
Fourth growth equity fund

The Riverside Company
$350M
New lower mid-market fund

Welsh, Carson, Anderson & Stowe
$5B+
14th flagship fund

WindRose Health Investors
$1.4B
Sixth fund

Wing VC
$600M
Fourth fund

Private Equity Deals

Great Mountain Partners
Amplify Pictures
Undisclosed
Los Angeles, CA-based independent TV studio

Cinven
Archer
Undisclosed
Overland Park, KS-based provider of risk management software

Stone-Goff Partners
BigScoots
Undisclosed
Chicago, IL-based provider of managed web hosting solutions

Genspring
Bradford Soap International
Undisclosed
West Warwick, RI-based maker of beauty and personal care products

Ancor Capital Partners, Merit Capital Partners
Displayit
Undisclosed
Irvine, CA-based provider of trade show displays

TPG
Forcepoint
$2.45B
Austin, TX-based government cybersecurity unit

RedBird Capital Partners
Go Rentals
Undisclosed
Atlanta, GA-based luxury car rental provider

HCI Equity Partners
Grasshopper Lawns
Undisclosed
Larksville, PA-based provider of residential lawn care services

Riverwood Capital, Endeavor Catalyst
InvGate
$35M
Claymont, DE-based IT management firm

Olympus Partners
MEI Rigging & Crating
Undisclosed
Houston, TX-based national provider of rigging and machinery moving, millwrighting, industrial storage, and equipment crating

Arlington Capital Partners
Pegasus Steel
Undisclosed
Goose Creek, SC-based provider of fabricated steel structures used for the construction of submarines and aircraft carriers

Symphony Technology Group
Wrike
Undisclosed
San Diego, CA-based collaborative work management platform

Sverica Capital Management
Zyston
Undisclosed
Dallas, TX-based provider of security posture and program management maturity solution