Brightstar's Noto and Muzinich's Bode involved in this week's notable fund raisings
From our Women's PE Briefs - week commencing April 19, 2021
Noto helps Brightstar raise a $1.27B fund
Brightstar Capital Partners, whose team includes president Renee Noto, raises its second fund. The New York private equity firm raised $1.27 billion, besting its $1 billion target. This fund is a follow up to its debut $710 million fund that closed in 2018.
Brightstar focuses on control-oriented investments in North American middle market companies. The firm has done 22 transactions since its founding in 2015. Brightstar has used the new fund for two platform investments: Brightstar Corp. and Amerit Fleet Solutions.
In a statement, Renee said the firm appreciates “the confidence of our diverse base of investors has in the Brightstar team and our vision.” Renee is a member of the firm’s investment committee and focuses on investor development, capital raise and investor relations. She serves on the board of Gateway Dealer Network.
Prior to Brightstar, Renee was head of business development for Fifth Street Finance and Balcony Partners. She was also founding partner and CIO of Talon Advisors, a multi-manager fund and previously co-founded Narragansett Asset Management.
Brightstar’s investment team also includes principal Lindsey Tannenbaum.
Bode will help lead Muzinich's second pan-European debt fund
Muzinich & Co. holds a third close on its second pan-European debt fund, a fund that Kirsten Bode will help lead. The New York-based investment firm said it had raised 342 million euros. The fund’s final target was not disclosed. Muzinich closed its first such fund in 2018 at 706.5 million euros. This fund will be used to lend to small-to medium-sized businesses in Western Europe that have an EBITDA of between 3 million euros and 20 million euros.
Kirsten and Rafael Torres are co-head of private debt, Pan-Europe. Prior to Muzinich, Kirsten was a managing director in the private debt investing team at Macquarie.