Potentum Partners, the fund-of-funds manager set up by the Future Fund’s former private equity team, has mopped up a $300 million raising for its inaugural global PE fund and is expected to launch four offerings this week.
Rise Broadband, a leading provider of broadband services across 16 states, today announced it has completed an acquisition by GI Partners, a leading U.S.-based investor in data infrastructure businesses. In addition, GI Partners is committing meaningful new capital to improve customer experience and accelerate Rise Broadband’s rollout of fiber-to-the-home services for rural American homes and businesses.
Australian superannuation funds should push to gain access to world-leading funds in private equity and venture capital, as capital deserts the industry and top-tier investors take on new investors.
When Jacob Becraft addressed a bustling party of a hundred-plus employees, friends, and investors at his startup’s lab last month, he credited messenger RNA for bringing everyone back together in one room.
Potentum Partners’ Steve Byrom says the private equity sector is heading for a “slow motion train wreck”, warning the days when it was “super easy” to deliver returns are over.
The Future Fund’s old private equity team, now running a new shop Potentum Partners, is busy mailing out pitch desks to potential investors as it tries to raise its annual co-investment fund.
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