Wood helps KKR raise $15B, Hunt helps SkyKnight Capital raise $600M and other fundraising highlights from the week

From our Women's PE Briefs - week commencing April 5, 2021

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Fiuza helps Vision Ridge raise a $1.25B fund that Russell and Macpherson will help deploy

Vision Ridge Partners, whose investor relations activities are headed by Carolyn Fiuza, quickly raises its third sustainable asset fund – a fund that principal Emma Russell and vice president Mary Macpherson will help deploy. The New York and Colorado firm beat its $1 billion target, raising $1.25 billion in just four-and-a-half months.

Vision Ridge focuses on industries undergoing a significant shift in sustainability, including energy, transportation, and agriculture. It intends to use the fund to make eight to 12 investments with a core position size of between $75 million and $175 million.

Carolyn, who is also head of marketing, joined Vision Ridge last year. She previously held business development and investor relations roles with distressed debt-focused firms: Monarch Alternative Capital and Stone Lion Capital.

Emma has been with Vision Ridge since 2018. She previously was with BlackRock’s Private Markets team.

Mary joined Vision Ridge in 2019 after being with Equilibrium Capital Group.

Finney’s Genius Guild raises more than $5M

Kathryn Finney’s initiative to support black entrepreneurs garners support from such investors as Pivotal Ventures, which was founded by Melinda Gates; The Impact Seat, which is led by Barbara Clarke; and First Close Partners, which is led by former Surgeon General Regina Benjamin. Genius Guild has secured more than $5 million from a group that also includes such individual investors as Ed Zimmerman and Andrew Bosworth.

Based in Atlanta, Genius Guild is using a venture studio model to back black entrepreneurs building scalable businesses that serve black communities and beyond. Genius Guild has a venture fund, a lab which creates and incubates companies and a studio which provides thought leadership on innovation, entrepreneurship and access to capital.

Kathryn also founded The Doonie Fund, The Budget Fashionista and digitalundivided.

Wood helps KKR raise $15B for its fourth Asian fund

KKR, whose capital raising efforts are led by Alisa A. Wood, closes its fourth Asian fund. The global investment firm raised $15 billion to make private equity transactions across the Asia Pacific region. It is currently the largest such fund in the region. KKR, itself, will be investing $1.3 billion in the fund.

The firm closed its third Asian fund in June 2017 at $9.3 billion. KKR has approximately 70 investment professionals in eight offices across six major Asia Pacific markets. The new fund comes just three months after KKR closed its debut Asian infrastructure fund at $3.9 billion and its $1.7 billion Asia Real Estate Partners Fund – fundraisings that Alisa also oversaw.

In a statement, Alisa said “the overwhelming response for Asian Fund IV validates our strategic focus and investment discipline, especially given the competitive and current environment. We are grateful for the trust that our existing and new fund investors have placed in KKR and we are confident that our talented Asia Pacific team will continue delivering outstanding results.”

A partner, Alisa is head of KKR’s Private Markets Strategies Group. She has spoken at the Women’s Private Equity Summit and the Women’s Alternative Investment Summit – events that KKR sponsors.

Hunt helps SkyKnight Capital raise a new $600M fund

SkyKnight Capital, whose fundraising activities are led by partner Mara Hunt, flies through the fundraising process for its third fund. The San Francisco private equity firm said it reached its hard cap of $600 million in five months.

SkyKnight now manages more than $2 billion across its funds and co-investment vehicles. Since launching in 2015, the firm has made 11 platform investments and more than 50 add-on acquisitions. SkyKnight will use the new fund to make investments in the health care, financial services and tech-enabled service sectors. To date, it has used the fund to make two investments: IMA Financial Group and NearU Services.

In a statement, Mara said that the firm’s limited partners “have confidence in the consistent, repeatable approach we use in sourcing, evaluating and adding value to our portfolio companies.”

Mara joined SkyKnight in 2017 and runs the firm’s business and operations as chief operating officer and chief compliance officer. A member of the firm’s investment committee, she is on the board of AeroCare. Her background includes serving as a partner with Think Investments and Marcato Capital Management.

SkyKnight earlier this year brought aboard Rebecca Schlacter as an associate. She previously worked at Goldman Sachs in the merchant banking division where she was a part of the private equity team.

The D.E. Shaw Group closes a distressed-focused fund that Fassinotti will co-lead

The D.E. Shaw Group has closed a distressed-focused fund that will be co-led by Marianna Fassinotti. The investment and technology development firm said it raised $1 billion for D.E. Shaw Alkali Fund V. D.E. Shaw and employees contributed more than $100 million to the fund. The firm’s Alkali funds have now raised a total of $2.9 billion since 2012.

In a statement, Marianna said, “the current landscape offers opportunities that align particularly well with our agile, data- and technology-enabled investment approach.” Marianna is overseeing the fund with Rich McKinney.

Marianna, who is based in London, has 20 years of experience. She is a past speaker at the Women’s Alternative Investment Summit.

D.E. Shaw has more than $55 billion of investment capital and offices in North America, Europe and Asia. It was founded in 1988.

Fontes helps Grain Management raise a new fund that Zhang, Berger, Grant and Hassan will be involved with deploying

Grain Management, whose director of investor relations is Kathlika Fontes, has closed its third flagship fund – a fund that will be deployed by an investment team that includes principal Jenny Zhang, vice president Diya Berger and senior associates Haley Grant and Hind Hassan.

The Washington, DC private equity firm raised $2.25 billion, well above its $1.5 billion target. Like prior funds, it will be used to focus on opportunities in mission-critical communications assets, both in the United States and abroad. The firm also disclosed that it closed its third spectrum-focused fund in September 2020 at $1.5 billion.

Founded in 2007, Grain focuses on the global communications sector. It manages more than $6 billion.

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