This Week’s Top Three – Parking management, residential experience, and wealth management

Family Capital’s This Week’s Top Three. The weekly feature that looks at the three most compelling deals done by family/principal investment groups over the last week.

Families co-invest in parking management platform

The Westly Group, an investment group owned by US investor Steve Westly, has co-invested with SPDG, the investment/holding company of the Périer-D’Ieteren family, one of the two major shareholders of the Belgium-based D’Ieteren Group, in Cleverciti, a parking space platform. Munich-based Cleverciti says it has developed technologies for parking management. 

SPGD led the Series A round worth $5.6 million, which also attracted two institutional investors. SPDG has backed the group since it was founded in 2012, providing much of the $28 million in funding Cleverciti has so far attracted.

Neumann’s family office backs residential experience company

Adam Neumann’s investment group 166 2nd has backed Alfred, a New York City-based residential experience company. Th family office backed Alfred in a Series C round worth $42 million, with participation from three other investors. 

So far this is the most significant investment by Neumann’s family office this year after the WeWork’s founder and his investment group have taken more of a low profile since WeWork’s came under the spotlight for the wrong reasons last year. 

An investment group of one of Canada’s wealthiest families buys into wealth management group

Sagard Holdings, an investment group owned by the Desmarais family, who in turn own the Power Corporation of Canada, has bought an undisclosed stake in Grayhawk Investment Strategies. More details here.