Bernard Vaughan

Frontenac Co., a 41-year-old firm that has faced serious challenges in the last decade, is making headway on its tenth fund.

GI Partners is preliminary discussions with its investors about raising its fourth flagship buyout fund, which will likely seek $1.5 billion. Unlike GI Partners’ previous funds, which targeted deals in the U.S. and Europe, Fund IV will target deals only in North America.

Joseph Massoud, the co-founder of buyout firm Compass Group Management, settled insider trading charges the Securities and Exchange Commission had brought against him.

The Carlyle Group has closed an energy-focused mezzanine fund, the first energy fund the firm has ever raised by itself. But the fund also raises questions about how the firm is approaching the booming energy industry following its long partnership with Riverstone.

Mid-market buyout shop Corinthian Capital Group LLC is prepping its sophomore fund.

Sovereign wealth funds and other new investors, as well as a staff build-out, enabled Advent International to close its seventh global buyout fund with €8.5 billion ($10.8 billion) in commitments.

With estimates of Hurricane Sandy damage hovering around $20 billion, the catastrophe could be a boon to construction-related portfolio companies.   Indeed, construction company executives are already examining affected areas and some are even worried about finding enough workers fast enough, The New York Times reported Oct. 31. PE firms and their portfolio companies could […]

Buyout firms eyeing growth opportunities have delved into the automotive sector in recent months, betting that the industry will continue to rebound from its near-death experience in the financial crisis.American Securities, The Carlyle Group, Madison Dearborn Partners, and TPG Capital are amount those investing in a sector dominated during the downturn by turnaround firms like KPS Capital Partners and Sun Capital Partners.