![]() Sanctuary, which is based in Vancouver and manufacturers robots to serve as personal assistants, raised $58.5 million from investors including Verizon Ventures, Evok Innovations, and Workday Ventures. Payhawk, a London-based payment and expense solution company, raised an additional $100 million Series B funding led by Lightspeed Venture Partners and was joined by investors including Sprints Capital, Endeavour Catalyst, HubSpot Ventures, Jigsaw VC, Greenoaks, QED Partners, and Earlybird Digital East. Here’s a look at fees generated by the five largest private equity firms last year, as reported in fourth quarter earnings: ( Note that, per Pitchbook, growth in Blackstone’s non-traded REIT and credit product contributed to its spike for this quarter) What does it all mean for PE funds, which came into 2022 bigger and better-capitalized than ever? ![]() The stock market is swinging (down nearly 10% from the beginning of January as I write this), and tech stocks are not having a very good year. Then there’s the potential for global economic fallout following Russia’s invasion of Ukraine, the most significant attack on another country since World War II. And supply chain issues are slowing down or driving up the cost for transporting goods. Labor shortages are driving up employee expenses at portfolio companies and funds alike. The Federal Reserve says it will start lifting interest rates this month. ![]() Inflation is high, with the consumer price index rising 7.5% for the 12 months ending in January. After what proved to be a record-breaking year for deals, some key macro factors are spelling trouble for the private markets.
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