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Private Equity

Peter Thiel backs Norway’s SNÖ Ventures as firm eyes $100m for Fund II raise

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Norway’s SNÖ Ventures has picked up backing from billionaire entrepreneur Peter Thiel for its $100m-targeting second fundraise.

Norwegian pension fund KLP, Investinor and Northzone co-founder Karl Christian Agerup are also committed to SNÖ Fund I, which has held its first close.

The firm, which targets seed and Series A companies, said it planned to expand into the Swedish and Danish markets.

SNÖ partner Max Samuel, who recently joined the firm from Thiel Capital, said, “The unique cultural, economic and geographic traits of the Nordics contribute to the success of its thriving startup ecosystem.

“We aim to enhance this ecosystem by facilitating the sharing of resources, talent, ideas and experience throughout the Nordic region, and by leveraging our international networks to support Nordic companies in their global expansion.”

Thiel will also join the firm as a strategic partner in addition to his investment.

SNÖ, which was founded in 2015, has recently invested in companies including PortalOne alongside Theil’s Founders Fund, Seedcamp and Kitemaker.

Copyright © 2021 AltAssets

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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/peter-thiel-backs-norways-sno-ventures-as-firm-eyes-100m-for-fund-ii-raise.html

Private Equity

Democrat Lawmaker Oblivious as China Buys Up US Farmland, Sets Stage for Foreign Monopoly on Our Own Food Production

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Private Equity

BBH follows $1.2bn fund close with Gifted Healthcare buyout to capitalise on nurse shortages

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BBH Capital Partners, the private equity arm of Brown Brothers Harriman, has completed an investment in nurse staffing companies Gifted Healthcare to capitalize on the shortage of nurses in the industry. 

 The deal followed the firm’s $1.215m final close of its sixth flagship fundraise in May.

 

Founded by registered nurses, Gifted supplies critical care registered nurses and licensed vocational nurses to healthcare providers on per diem, short term, or extended term basis.

Brad Langer, Managing Director of BBH and Co-Manager of BBHCP, said, “BBHCP is excited to partner with Gifted‘s talented, deep, and experienced management team. Transitioning CEO, P.K. Scheerle, RN, who will remain on the board, and the exceptional leadership team, have built a strong, innovative platform in the nurse staffing sector as the role of the nurse has become increasingly important in the healthcare industry.

As the growing shortage of nurses continues to create a great opportunity for best-in-class, clinically focused outsourced providers like Gifted, BBHCP is committed to supporting the GIFTED team through their next phase of growth.”

BBH raised $250m for a lower-mid-market Opportunities Fund three years ago, to complement its flagship fund investment strategy.

The firm uses that vehicle to target US companies whose development stage or capital needs are below the minimum investment thresholds for its main fund.

BBH’s fifth flagship fund was closed on $802m in 2016.

Copyright © 2021 AltAssets


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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/bbh-follows-1-2bn-fund-close-with-gifted-healthcare-buyout-to-capitalise-on-nurse-shortages.html

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Private Equity

KKR said to enter scrum for rugby union World Cup commercial rights

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Buyout giant KKR is reportedly the latest investor in talks with World Rugby for a potential investment in the commercia

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Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/kkr-said-to-enter-scrum-for-rugby-union-world-cup-commercial-rights.html

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Private Equity

Index Ventures hauls in hefty $2.9bn across two new funds, raises $200m for debut seed vehicle

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Index Ventures has raised a massive $2.9bn across its latest heavyweight venture capital funds, as well as another $200m

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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/index-ventures-hauls-in-hefty-2-9bn-across-two-new-funds-raises-200m-for-debut-seed-vehicle.html

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