PE Today: Crestline Raises $3.6B, Resurgens Invests in Data Protection Business

Read the top headlines from Thursday, March 10, 2022 below:

Crestline Raises $3.6 Billion to Fuel Mid-Market, PE Funding

Crestline Investors is amplifying its ability to provide funding to private equity firms, middle-market businesses, and others with a $3.6 billion fundraise across three funds, the institutional alternative asset manager said in a press release Thursday (March 10).

The funds raised include $1 billion in commitments for Crestline Portfolio Financing Fund II within its Fund Liquidity Solutions Group, which provides custom financing solutions for private equity, real estate and other funds to support and protect portfolio companies and fuel acquisitions.

The fundraise also includes $1 billion in commitments for Crestline Specialty Lending Fund III within Crestline Direct Lending, which provides middle-market companies with senior debt capital solutions, as well as $1.6 billion in commitments for Crestline Opportunity Fund IV within Crestline Opportunistic, another unit targeting middle-market businesses with a range of capital solutions.

Audax-Backed Emplifi Raises Growth Equity

Emplifi, a customer experience management platform, has secured a valuation of more than $1 billion following a growth equity investment from Sixth Street Growth. Emplifi is backed by private equity firm Audax, which targets middle market companies across North America. The latest investment will go towards product innovation and growth acceleration, according to Emplifi CEO Mark Zablan, as well as to enable the company to expand into new markets. Audax will remain majority investor in Emplifi, a press release noted.

PE Firm Resurgens Technology Invests in Data Protection Co

Private equity firm Resurgens Technology Partners, which targets the software arena, said in a press release Thursday that it made a strategic investment in unstructured data protection, management and security company Superna, Inc. Superna offers disaster recovery automation solutions to support organizations’ data security needs, as well as cybersecurity solutions including ransomware detection. Partnering with Resurgens will allow Superna to introduce new products and features, grow its team, and capture new opportunities in related segments of the market, the companies said.

DC Capital Partners Acquires Aircraft Technology Business

DC Capital Partners, a private equity firm focused on middle-market businesses within the government and engineering space, said it has acquired uAvionix Corporation, which provides communications, navigation and surveillance technologies for unmanned and manned aircraft. DC Capital Partners founder and president Thomas J. Campbell said in a statement, “We will continue to grow the company and to deliver innovative technologies and differentiated capabilities and solutions to our customers,” and pointed to uAvionix’s “highly skilled” workforce that will fuel product innovation for the company.