PE Today: AEA Drives Female Investment in PE with Joint Venture
Plus, Monroe Capital closes its fourth fund, and Resurgens makes a platform investment
Read the top headlines from Wednesday, April 27, 2022 below:
Monroe Capital Closes Fourth Fund for PE-Sponsored Lower-Middle Market Cos
Asset management firm Monroe Capital has closed its fourth fund, the 2022 Monroe Capital Private Credit Fund IV, with $4.8 billion of investable capital, a press release said Wednesday. More than 300 investors across 17 countries committed to the fund, which will largely target private equity-backed lower-middle market companies across the U.S., specifically those with less than $35 million in EBITDA. This marks Monroe’s largest fund to date, it said, following the close of its third fund in November 2018.
AEA Investors, Amateras Capital JV Drives Female Investment in Private Equity
Alternative investment manager AEA Investors, which specializes in middle-market private equity and debt, is launching a joint venture alongside Amateras Capital, a woman-led investment platform focused on junior capital across private credit and equity. The firms said in their announcement they aim to “leverage the power of female investment and operating talent and expertise to drive value creation and shift the gender paradigm in investing.”
The JV will be led by Amateras co-founder Alex Jung and will be majority owned and led by women. AEA, meanwhile, will retain a minority stake in the venture. In a statement, Brian Hoesterey, CEO of AEA, said, “partnering with Amateras to further leverage the power of female investment and operating talent will be a key differentiator for our team, the portfolio companies we work with and those that are considering partnering with us moving forward.”
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Resurgens Announces Platform Investment in HR Case Management Software
Private equity firm Resurgens Technology Partners, which specializes in software, has made a platform investment in case management software i-Sight, a press release said. Focused on HR, compliance and corporate security within middle-market companies, i-Sight aids in issue resolution, risk management, and future incident prevention. Resurgens has placed David McNeill as CEO of the company, the announcement noted. Financial terms of the transaction were not disclosed.
