Illustration: Sarah Grillo/Axios
Last Friday, MIT released an unredacted version of the 61-page report by law firm Goodwin Procter into Jeffrey Epstein's donations to the university.
Goodwin Procter lead investigator Roberto Braceras tells Axios: "We were unable to connect with representatives of Mr Black."
A spokesperson for Leon Black tells Axios: “No one associated with the investigation contacted Mr. Black at Apollo or at his family office. Any suggestion that Mr. Black did not cooperate with the MIT/Goodwin investigation is categorically false.”
Someone is lying. Or, at best, painfully twisting the truth. And that brings us back to how little we still know about the relationship between Epstein and Black, the CEO of a publicly-traded investment giant with over $300 billion in assets under management.
Goodwin's report says "we did not find any evidence" that Black's donation was actually Epstein's money (i.e., no "laundering").
The bottom line is that, after 61 pages, the math still doesn't add up.
⚖️ On the docket: Closing arguments are set to begin today in New York federal court, where more than a dozen state attorneys general are trying to block the merger between Sprint and T-Mobile US.
• Happy trails: Adam Mendelsohn is leaving TPG, where he's led external affairs since 2015, according to an email sent to colleagues on Monday. He'll transition into a senior advisor position, with deputy Luke Barrett assuming the top role.
• Ignored in Iowa: No mention of private equity during last night's Democratic presidential debate, or even tangentially on things like surprise medical bills. Also nothing about antitrust/breaking up big tech.
🎧 Pro Rata Podcast digs into the impeachment playbook, including a possible wildcard. Listen here.
Illustration: Sarah Grillo/Axios
Califia Farms, a Los Angeles-based almond and oat milk producer, raised $225 million in new funding. Qatar Investment Authority led, and was joined by Temasek, Calridge, and Green Monday Ventures.
• FlashParking, an Austin, Texas-based parking tech startup, raised $60 million from L Catterton. http://axios.link/L2of
• 6sense, a San Francisco-based predictive intelligence platform for marketing and sales, raised $40 million in Series C funding from Insight Partners. www.6sense.com
🚑 CareBridge, a new long-term care support company formed via the acquisitions of HealthStar and Sinq Technologies, raised over $40 million. Oak HC/FT led, and was joined by GV and undisclosed strategics. http://axios.link/vgv8
• KeyMe, a New York-based developer of key duplication kiosks, raised $35 million led by Brentwood Associates. www.key.me
• Verbit, a New York-based voice transcription platform, raised $31 million in Series B funding. Stripes Group led, and was joined by Viola Ventures. www.verbit.ai
• Insurify, a Cambridge, Mass.-based online insurer, raised $23 million in Series A funding. MTech Capital and Viola FinTech co-led, and were joined by MassMutual and Nationwide. http://axios.link/aZVy
🚑 Oviva, a Swiss developer of a digital treatment for Type 2 diabetes raised $21 million in Series B funding. MTIP led, and was joined by Earlybird and return backers AlbionVC, F-Prime Capital, Eight Roads Ventures, and Partech. http://axios.link/NZkh
🚑 BioProtect, an Israeli developer of bioabsorbable polymer spacer balloons, raised $14 million in Series D funding from Accelmed Ventures, KB Investments and the family office of Vincent Tchenguiz. www.bioprotect.com
• Anyline, an Austrian provider of optical character recognition software, raised $12 million in Series A funding led by Project A. http://axios.link/0NY5
• Lemongrass Consulting, an Atlanta-based SAP and AWS consultant, raised $10 million in Series C funding. Blue Lagoon Capital led, and was joined by return backer Columbia Capital. http://axios.link/WR1g
• SeqWell, a Beverly, Mass.-based genomics library prep startup, raised $9 million in Series B funding led by RCT. http://axios.link/Jy8j
• Tradeshift, a San Francisco-based procure-to-pay platform, raised $240 million in equity and debt from undisclosed investors. It previously raised $190 million from firms like DCVC, Kite Ventures, and Notion Ventures. http://axios.link/kDqU
• Secfi, a San Francisco-based wealth management platform for startup employees, secured a $550 million investment facility from existing backer Serengeti Asset Management. www.secfi.com
• ClearCourse Partnership, backed by Aquiline Capital Partners, acquired Hart Square, a UK-based CRM and tech consultancy for nonprofits and professional membership groups. www.clearcoursellp.com
• Freeman Spogli & Co. acquired a majority stake in Kamps, a Grand Rapids, Mich.-based pallet management service provider. www.kampspallets.com
• Harvest Partners invested in MRI Software, a Solon, Ohio-based provider of real estate management software. Existing backers include TA Associates (which is reinvesting) and GI Partners. www.mrisoftware.com
• May River Capital acquired NSL Analytical Services, a Cleveland-based materials testing lab. www.nslanalytical.com
• Midland Industries, a Kansas-based portfolio company of Wynnchurch Capital, acquired Stainless Adapters, a Houston-based maker of stainless steel hydraulic adapters and pipe fittings. www.midlandindustries.com
• Russia’s government is considering a secondary public offering for state-controlled VTB Bank. http://axios.link/cj6T
• Xponential Fitness, an Irvine, Calif.-based operator of boutique fitness brands like Club Pilates and CycleBar, is prepping an IPO, per Bloomberg. Backers include TPG Growth, L Catterton, and Snapdragon Capital. http://axios.link/lNny
• Cellebrite of Israel agreed to buy BlackBag Technologies, a San Jose, Calif.-based computer forensics company, for $33 million. BlackBag had been seeded by In-Q-Tel. http://axios.link/J9aY
• Equinix (Nasdaq: EQIX) agreed to buy Packet, a New York-based bare metal cloud provider that had raised over $36 million from Third Point Ventures, Dell, SoftBank, JA Mitsui Leasing, Samsung, and Battery Ventures http://axios.link/b3ox
• Google (Nasdaq: GOOG) is paying around $160 million to buy Pointy, an Irish maker of hardware and software for physical retailers that had raised around $19 million from firms like Polaris Partners and Vulcan Capital. http://axios.link/5dMw
• Google (Nasdaq: GOOG) agreed to buy AppSheet, a Seattle-based no code mobile app development platform that had raised $17 million from NEA and Shasta Ventures. http://axios.link/JlHc
• Pamplona Capital Managements and Ontario Teachers' Pension Plan are seeking a buyer for CSC ServiceWorks, an operator of multifamily residential and commercial laundry machines that could fetch upwards of $4 billion (including debt), per Bloomberg. http://axios.link/c89J
✈ Azul (NYSE: AZUL), a Brazilian airline, agreed to buy regional carrier Two Flex for around $30 million. http://axios.link/hoOa
• Capgemini (Paris: CAP) raised its bid for French engineering consultancy Altran Technologies (Paris: ALT) from €14 per share to €14.5 per share, bringing the total value to €3.73 billion. Capgemini had previously said it would not increase its offer, despite calls to do so by activist investor Elliott Associates. http://axios.link/pOTW
• Abu Dhabi Investment Authority is prepping sale of around $2 billion worth of LP stakes in private equity funds, per Bloomberg. http://axios.link/nQRZ
• Felix Capital, a London-based VC firm, raised $300 million for its third fund. http://axios.link/ED2Y
• GuidePost Growth Equity of Boston is raising $400 million for a new fund, Axios has learned. www.guidepostgrowth.com
• KKR raised $2.2 billion for its second tech growth equity fund. www.kkr.com
• Lexington Partners raised $14 billion for its ninth private equity secondaries fund fund. www.lexingtonpartners.com
🚑 Sofinnova Partners promoted Michael Krel to partner on the Paris-based VC firm's industrial biotech team.
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