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The Wire

June 10, 2021

Great Hill invests into the evolution of remote training, Fruition Partners invests in Track Family Fun Parks

Happy Thursday! 

Great Hill Partners invested $55 million in eloomi, a cloud-based, HR software company, which offers a corporate learning and performance management platform. The company experienced positive tailwinds in the pandemic lockdown, Milana Vinn writes today. 

Also, LifeStance is going public at a market value of $6.7 billion, according to Bloomberg, raising $720 million after pricing its shares above the anticipated range. This a little over a year after TPG agreed to buy the company at a $1.2 billion value, as PE Hub reported. 

That’s it for me! Have a great rest of your day. Reach me with tips n’ gossip, feedback or book recommendations at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.

Read the full commentary here on PE Hub ...

Also of note (may require subscriptions)

Continuation: GPs are evolving the structure of continuation fund deals to provide custom solutions for their portfolios. Such innovations are changing the way GPs approach asset ownership, and the creativity is expected to blossom as more capital flows into secondaries. Read it here on Buyouts.