Happy Friday!
A lot of the Hub community is out for a long holiday weekend, so we’ll keep this one brief. A few things to kick off your day:
Interesting deal this week: Five Arrows and Insight Partners agreed to invest more than $200 million in Kpler, which provides tech-led data, analytics and market insight. Through the investment, the two firms will take a minority interest in the company.
Kpler formed in 2014 and self-funded two acquisitions — ClipperData and JBC Energy. With the new funding, the firm intends to hire more than 100 employees over the next few months, the company said in a statement. Read more here on PE Hub.
Key person: Here’s some drama, and we at the Wire love The Drama: I Squared, the infrastructure manager, just closed its third fund on $15 billion. Shortly after that announcement, the firm’s US investment head, Thomas Lefebvre, resigned. Another regional head, Chucri Hjeily, also resigned, sources told me.
LPs hate to see this — senior executives who leave right after a fund closes. It raises all kinds of questions and comes as a disappointment as LPs have backed a certain management team, who they pledged capital to for 10 years or more. Read more here on Buyouts.
Personal: Exercise has always been an important part of my day, both for physical but probably more important, mental maintenance. Lately, I’ve been doing a regime of pull-ups of various sorts. As I get older, I noticed weight lifting is getting harder on my muscles and joints, but body-weight type exercise is much easier on the frame. However, the exercises themselves are no easier! What helps you maintain physical (and perhaps mental) health?
Have a great holiday weekend! Reach me with tips n’ gossip, feedback, or your workout routine at cwitkowsky@buyoutsinsider.com or over on LinkedIn.
Read the full wire commentary on PE Hub ...
