Bernard Vaughan

For its next issue, Buyouts took a look at 10 of the worst-performing buyout funds of all time. The story is based on a database on returns of more than 400 funds from 10 public pension funds going back to 1981. Of course, our database isn’t comprehensive—certainly there could be worse funds out there that […]

This past week I’ve been reporting a feature on some of the worst-performing buyout funds of all-time. Not surprisingly, people associated with these funds have been hard to track down (as many of the firms are no longer in existence) or unresponsive to calls and e-mails seeking comment. Not so with David Stockman, though. For […]

Lincolnshire Management is buying Phoenix Brands LLC, a Stamford, Conn.-based maker of laundry detergents, from Trilantic Capital Partners, for around $135 million, Buyouts is reporting. Lincolnshire, based in New York, will pay around $55 million in equity, and has secured $80 million in senior from Madison Capital Funding, GE Capital and Fifth Street Financial; a […]

Cuyahoga Capital Partners LLC is in the preliminary stages of planning a fundraising for a new fund-of-funds vehicle focused on mid-market and lower mid-market buyout funds, a source with knowledge of the firm’s plans told peHUB sister publication Buyouts. The fund also will seek to back emerging managers. The Cleveland-based firm has not yet set […]

Dow Jones served up a great lunch to end its Private Equity Analyst Outlook 2011 conference today. There was the tangy, crisp salad and hardy rolls, moist salmon with rice and veggies, and a yummy sort of crème brulee-topped-with-cream type of dessert. I’m glad I finished before KPS Capital Partners head Michael Psaros gave the […]

Could 2011 be the year big buyout shops start buying small firms? Paul Queally, co-president of Welsh Carson Anderson & Stowe, predicted at the Dow Jones Private Equity Analyst Outlook conference that this would be the year we would see at least one such deal, and his rationale is intriguing. For smaller firms, the cost […]

Several middle market private equity firms have launched a last-ditch campaign urging Congress not to impose a new requirement that they register with the U.S. Securities and Exchange Commission, Buyouts reported. The movement is spearheaded by Rob Morris, managing partner of Olympus Partners, and executives at Atlas Holdings LLC and Brockway Moran & Partners. Executives […]

Cohesive Capital Partners held a first close of approximately $100 million on its debut fund, earmarked for co-investments alongside private equity firms, a source familiar with the fundraising effort told Buyouts. The New York-based firm also recently closed its first deal, investing alongside TZP Group in its acquisition of The Dwyer Group, a Waco, Texas-based […]

2011 could prove to be a critical year for Madison Dearborn Partners. The Chicago-based shop has taken some lumps in recent years for reaching too far on big deals during the buyout boom and subsequently struggling to raise its sixth buyout fund. And its previous fund, a 2006 vintage, has a lot to prove, according […]

Centerbridge Partners LP has so far raised $2.2 billion for its second fund, according to a regulatory filing Thursday. The New York-based shop is seeking to raise $3.75 billion for the fund, Centerbridge Capital Partners II LP, according to a previous report in sister publication Buyouts . The fund strategy is a hybrid of buyout and distressed-for-influence-or-control investments. The fund has been among the most popular in recent months, garnering commitments from at least 53 investors, according to Buyouts, including the Nashville and Davidson County Metropolitan Government Employee Benefit Trust Fund, which committed $30 million. Subscribers can see the full report here. An executive at the firm did not return a call seeking comment.