Latest Fundraising Achievements in the Private Equity Sector
In the dynamic world of venture capital funding, several significant moves have been made by TPG Growth VI, Porsche Automobil Holding SE, Deutsche Telekom AG, and Carlyle's AlpInvest Partners.
TPG Growth VI
Launched in 2023, TPG Growth VI recently closed with a capital raise of $4.8 billion, surpassing its $4 billion target, marking a 35% increase over its predecessor. The fund focuses on growth equity investments in sectors like software, healthcare, internet, digital media, and business services, aiming for 20 to 25 investments globally, including significant capital deployment in India and developed markets. Nearly 40% of the capital from TPG Growth VI has already been deployed across 10 deals.
Some of the companies TPG Growth VI has invested in include Schott Pharma, Cliffwater, and K2 Medical Research. Notable investments include a 35% stake in specialized vaccine packaging firm Schott Poonawalla and discussions to invest around $140-150 million in semiconductor design company Tessolve, valuing it between $475-500 million.
Porsche Automobil Holding SE and Deutsche Telekom AG
Porsche Automobil Holding SE and Deutsche Telekom AG are in advanced discussions to establish a €500 million (~$586 million) venture capital fund dedicated to European defence technology. The fund will be managed by DTCP, a Hamburg-based investment firm spun off from Deutsche Telekom. This move represents a shift in Porsche SE's policy to support dedicated defence technology investments beyond its previous focus on dual-use technologies.
Carlyle’s AlpInvest Partners
Carlyle’s AlpInvest Partners has completed a $1.25 billion securitisation of private equity fund stakes, marking its third collateralised fund obligation (CFO) transaction. This structured finance deal bundles stakes from Carlyle-managed funds with smaller interests in other buyout funds. The equity tranche, which bears first losses, was mostly sold to third-party investors like insurance companies and family offices, illustrating growing institutional interest in structured private equity products.
These developments reflect growing capital flows into specialized growth equity sectors globally, a sharpened focus on strategic technology like European defence, and increasing financial innovation in private equity market liquidity through securitisation.
- TPG Growth VI, after surpassing its $4 billion target with a $4.8 billion capital raise in 2023, plans to make 20 to 25 global investments, with significant capital deployment in India and developed markets, focusing on sectors like software, healthcare, and business services.
- TPG Growth VI has already deployed nearly 40% of its capital from TPG Growth VI across 10 deals, investing in companies such as Schott Pharma, Cliffwater, and K2 Medical Research.
- Notable investments by TPG Growth VI include a 35% stake in Schott Poonawalla and discussions for an investment of around $140-150 million in Tessolve, valuing the semiconductor design company between $475-500 million.
- Porsche Automobil Holding SE and Deutsche Telekom AG are in discussions to establish a €500 million venture capital fund dedicated to European defence technology, which will be managed by DTCP, a firm spun off from Deutsche Telekom.
- Carlyle’s AlpInvest Partners has completed a $1.25 billion securitisation of private equity fund stakes, marking its third collateralised fund obligation (CFO) transaction, bundling stakes from Carlyle-managed funds with smaller interests in other buyout funds.
- These moves signify growing capital flows into specialized growth equity sectors globally, a sharper focus on strategic technology like European defence, and increasing financial innovation in private equity market liquidity through securitisation.
