Bernard Vaughan

Wind Point Partners has raised $915 million for its seventh fund.The Chicago-based shop is still waiting on a few potential commitments for Wind Point Partners VII LP, but the firm essentially stopped fundraising about six months ago, according to a source familiar with the effort. Wind Point had targeted $1 billion for the fund when […]

Veritas Capital has agreed to buy Kroll Government Services from Marsh & McLennan Companies, according to a Kroll announcement and a government filing. Kroll Government Services is a division of Kroll, a global risk-consulting company that is a subsidiary of Marsh & McLennan, the global advisory company. The division is responsible for developing new business […]

Jacobson Partners, a New York-based turnaround shop, has indefinitely shelved plans to raise its fifth fund, a source with knowledge of the firm’s plans said. Executives at the firm decided to forego the effort because of the difficult fundraising environment, our source said; the source declined to say if the firm had already raised a […]

Nancy Gordon reports in the latest issue of Buyouts magazine that at least three Aldus Equity clients have expressed concern over Aldus' proximity to the New York pay-to-play scandal. They are the the Teachers’ Retirement System of Oklahoma (which placed Aldus on a "watch list"), the New Mexico State Investment Council and the Los Angeles Fire and Police Pensions. Alongside the story ran a Q&A with Aldus, which answered the questions via email and without specific partner attribution. We're posted the Q&A after the jump:

The Riverside Company has surged past its target for its latest North American buyout fund, which it expects to close May 31, according to sources close to the effort. The lower mid-market buyout specialist has raised $950 million, $50 million more than its original target, the source said. That means the New York-based firm has […]

The Mustang Group is banking on stability in the golf industry and growth opportunities with its latest investment. The Boston-based firm led a buyout of Country Club Enterprises, a company that distributes golf cars to golf courses in New England, the firm disclosed to peHUB sister publication, Buyouts. Managing Partner Ben Coes said the deal came in under $100 million in enterprise value, but declined to discuss specifics. CEO David Farina and The Gladstone Companies, a McLean, Va.-based investment firm, invested alongside Mustang. Gladstone also provided sub-debt and TD Banknorth NA provided senior debt. The Wareham, Mass.-based company employs 50.

ABS Capital Partners expects to close its sixth fund by the end of the month, sources familiar with the effort told Buyouts. The firm is also preparing to announce its first investment with the fund, our sources said. The Baltimore-based firm, which invests in later-stage growth companies, has reached its $400 million target for ABS […]

Lovell Minnick Partners, a buyout shop investing in the financial services sector, has surpassed the target for its third fund and is keeping the fund open, a source familiar with the fundraising told Buyouts. The El Segundo, Calif.-based shop closed on $365 million of commitments in December, $15 million more than the target previously reported in Buyouts. The firm held a first closing of $220 million for Lovell Minnick Equity Partners III in June. Credit Suisse is helping the firm raise the fund, which has attracted close to 20 institutional investors, including WP Global Partners Inc. and RCP Advisors LLC.

Alinda Capital Partners has hit its $3 billion target for its second fund, which will invest in global infrastructure efforts. The fund is still open and is expected to hold a final close in the third quarter, according to peHUB sister publication Buyouts magazine. The fund is a fairly remarkable achievement for Alinda Capital on multiple fronts, including the difficult fundraising environment, the fact that it only closed its debut fund—also at $3 billion—in 2007 and because the firm has yet to make an exit. But Alinda Capital has been extremely active. Its portfolio includes BAA Ltd., an operator of eight airports in the United Kingdom and Italy, including Heathrow Airport in London; American Roads LLC, which owns and operates five roads

Industrial Growth Partners is poised to buy O’Brien Corp., a St. Louis, Mo.-based maker and marketer of heavy duty tubes and other heat exchange equipment used in the energy industry, according to a government filing. If the deal proceeds, the San Francisco-based mid-market shop will make the investment out of Industrial Growth Partners III LP, […]