PE Today: Vivaris Capital Launches JV for Climate Change Tech
Plus, One Equity closes its latest fund, and Godspeed Capital invests in AEC platform
Read the top headlines from Wednesdsay, April 13, 2022 below:
One Equity Closes $2.75 Billion Fund for Mid-Market Tech, Healthcare
One Equity Partners announced Wednesday (April 13) that it has closed its latest fund, One Equity Partners VIII, L.P., with $2.75 billion in committed capital. One Equity is a private equity firm focused on the middle market, and will continue with its strategy of merging complementary and like-sized businesses to fuel growth within its portfolio across technology, healthcare, and industrials in North America and Europe. OEP VIII, which was oversubscribed, is One Equity’s largest independent fund since it finalized its spin-off from JP Morgan in 2015, the firm said.
Godspeed Capital Taps Huckabee as AEC Growth Platform
Private equity firm Godspeed Capital Management has invested in Huckabee & Associates, establishing the architecture, engineering and consulting services and technology business as its new AEC growth platform. A press release said the investment will see Godspeed Capital and Huckabee partner to fuel growth for its design and engineering solutions across the education and government sectors in key markets, including Texas. Financial terms of the investment were not disclosed.
Related content: Why Architecture, Engineering and Construction Is a Sector to Watch
Vivaris Capital Launches JV with Tesla Foundation to Fuel Climate Change Tech
Vivaris Capital has announced the launch of Tesla Climate Capital, a new joint venture with climate change technology company the Tesla Foundation. Tesla Climate Capital will aim to commercialize technology focused on electric vehicles, energy storage, power generation and carbon sequestration, while also incubating entrepreneurs innovating in the space.
The Tesla Foundation provides step-by-step support for businesses operating in the climate change technology space to strategize and access funding. Vivaris Capital will support the portfolio companies of Tesla Climate Capital with the fundraising process, while Vivaris can also invest in those companies through its VICAN Fund or through a direct investment.
“The Tesla Foundation an ideal partner and is why our VICAN Fund investments include areas such as climate tech and life sciences,” said VICAN Fund President and Chief Executive Officer J. Christopher Mizer in a statement.
