Ex-seeding Expectations
$2B funding, soaring to a $10B valuation before launching a product…
Toodle PIP
Steered with grace. And expertise. Pantheon International (PIP) partner Helen Steers MBE, is set to retire at the end of 2025. The news was announced by the board of PIP, which Helen co-leads alongside Charlotte Morris. Charlotte is a partner in Pantheon’s global secondaries team and a member of the firm’s secondaries investment committee.
Oversubscribed. Overachieving. Unstoppable.
Cue round of applause. Software investor extraordinaire, Thoma Bravo, has raised in excess of $34.4 billion for its buyout funds, with Thoma Bravo Fund XVI closing with $24.3 billion; an extraordinary achievement for the US private equity group, whose portfolio of 75 companies generate approximately $30 billion of annual revenue and employ over 93,000 staff globally.
Swift Business, Smart Exit
Well that was swift. Five years after LA-based Shamrock Capital acquired Taylor Swift’s ownership rights to her first six albums for $360 million, the pop megastar has been able to re-acquire them. “I will forever be grateful to everyone at Shamrock Capital for being the first people to offer this to me,” she wrote on her website.
Pump up the Volume
EQT will be looking to pump up the volume following news that it has agreed to acquire Seven Seas Water Group from Morgan Stanley Infrastructure Partners. The new asset will be added to the EQT Infrastructure VI fund. Seven Seas builds and operates water and wastewater treatment plants across the U.S., Caribbean, and Latin America, having successfully implemented its Water-as-a-Service® (or “WaaS®”) integrated model for over two decades.