DJIA52538.49 160.92
S&P 5007739.82 17.22
NASDAQ26465.69 -12.12
Russell 20002818.64 -0.23
German DAX25688.88 82.23
FTSE 10010696.10 9.56
CAC 407886.73 -0.41
EuroStoxx 506166.05 1.40
Nikkei 22563954.19 685.82
Hang Seng23094.83 53.51
Shanghai Comp3681.47 33.17
KOSPI6012.44 374.10
Bloomberg Comm IDX142.85 0.94
WTI Crude-fut115.56 1.61
Brent Crude-fut103.46 3.61
Natural Gas3.49 0.00
Gasoline-fut3.09 0.03
Gold-fut4058.00 -19.00
Silver-fut53.71 -0.83
Platinum-fut1548.50 1.90
Palladium-fut1015.00 -21.00
Copper-fut6.65 -0.01
Aluminum-spot3195.00 0.00
Coffee-fut285.40 -8.85
Soybeans-fut1244.25 1.00
Wheat-fut598.75 -12.25
Bitcoin80488.65 -414.98
Ethereum USD2331.46 -19.83
Litecoin58.49 1.62
Dogecoin0.08 0.00
EUR/USD1.1144 -0.0042
USD/JPY157.85 0.19
GBP/USD1.3324 -0.0036
USD/CHF0.8285 0.0009
USD IDX102.35 0.01
US 10-Yr TR5.032 0.039
GER 10-Yr TR3.3835 0.0281
UK 10-Yr TR5.3457 0.0098
JAP 10-Yr TR2.831 0.006
Fed Funds4 0
SOFR3.95 0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Equity  |  April 18, 2023
A Texas Size Debut Fund - Braemont Closes on $500M Growth Equity fund
Joe Palmisano
By: Joe Palmisano

A Texas Size Debut Fund – Braemont Closes on $500M Growth Equity fund

Dallas-based Braemont Capital, a private investment firm that partners with founders, families and ownership-focused management teams, has closed its debut fund – Braemont Partners I – at $525 million, making it the largest first-time growth equity fund raised in Texas history, according to the firm.

The firm, which was launched by former RedBird Capital partner Robert Covington in 2021, was eyeing a $500 million target.

The firm’s investments focus on defensive growth niches where it has prior or developed experience across the technology, business and financial services sectors.

“The closing of our first growth equity fund is an important milestone for Braemont and allows us to continue supporting entrepreneurs seeking investors who can serve as genuine strategic and value-added partners,” said Covington.

While at RedBird Covington’s investments included data center facilities developer Compass Datacenters and tech-enabled sales specialist N3 Sales Partnering.

Connect

Inside The Story

Braemont Capital

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints