Illinois Municipal Retirement Fund, Oak Brook, approved seven new commitments totaling $405 million, spokesman John Krupa said in an email.
The $53.1 billion pension fund's board on Friday approved commitments of up to $100 million to infrastructure fund Partners Group Direct Infrastructure 2020…
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SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund Thursday, April 29, 2021
Laxman Pai, Opalesque Asia:
Chicago- headquartered Valor Equity Partners announced that it officially closed its fifth fund - Valor Equity Partners V - at $1.7 billion. The oversubscribed fund closed at its hard cap.
Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.
Led by Antonio Gracias, Valor is perhaps best known for its investments in Elon Musk-owned companies Tesla, SpaceX, and The Boring Company. It s also backed a handful of Chicago startups, such as Cameo, Ocient, Fooda, Catalytic, and Uptake.
Valor Equity Partners raises $1.7 billion for growth equity fund
The oversubscribed fund closed at its hard cap.
The previous fund, Valor Equity Partners IV, closed at $1.05 billion in 2018.
Valor Equity Partners V will make initial growth-oriented investments of between $25 million and $75 million in technology-enabled companies, a news release said Wednesday.
Investors include the $247.7 billion New York State Common Retirement Fund, Albany; the $51 billion Illinois Municipal Retirement Fund, Oak Brook, and the Wyoming State Loan and Investment Board, Cheyenne, which oversees $22.7 billion in state permanent funds.
Officials at Valor Equity Partners could not be immediately reached for further information.
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