Sam Sutton
Stonepeak closed second fund on $3.5 bln last year New fund targets $5 bln, backed by Louisiana Teachers’ Firm’s debut fund netting a 14.3 pct IRR Stonepeak Infrastructure Partners might be eyeing larger deals with its latest fund, which is looking to raise at least $5 billion, due-diligence materials prepared by Hamilton Lane show. Stonepeak will […]
To invest in distressed debt, RE, hard assets, structured credit New fund received $50 mln from Rhode Island LPs who backed first close get discounted management fee Hedge fund Davidson Kempner Capital Management is targeting $1.2 billion for investments in longer-dated distressed opportunities, including private equity, according to documents released by Rhode Island State Investment Commission. […]
New fund targets $225 mln Firm closed debut on $157 mln last year Strattam buys Intelligent Document Solutions in add-on Strattam Capital Partners held a $101 million first close on its second fund, which is targeting $225 million, according to two sources with knowledge of the fundraise. Strattam launched its second fund earlier this year. […]
Chris Puscasiu previously worked with Schade at Blum Capital To oversee technology services investment arm Presidio specializes in lower-mid-market investments The former co-head of Caisse de depot et placement du Quebec’s direct private equity program left the Canadian public pension for a position with Presidio Investors, a lower-middle-market private equity firm based in San Francisco, […]
The firm is eyeing a first close later in September Fund I netting a 16 pct IRR Received $25 mln commitment from Illinois Municipal New MainStream Capital is poised to hold a first close later this month on its third fund, targeting $350 million, according to an investor presentation obtained by Buyouts. New MainStream will […]
New commitments include Apollo, Blackstone funds Total commitments in June, July exceed $1.2 bln New York State Common has 7.8 pct of assets in PE New York State Common Retirement Fund in June and July committed more than $1.2 billion to new private equity funds, roughly doubling what it had committed to the asset class […]
Interest deduction seen as important revenue raiser Losing deduction would hurt profits of PE and investors PE lobby coordinating with other industries to prevent shift The deductibility of interest payments is becoming increasingly central to Republican tax-reform plans this year. Companies often assume large amounts of debt when they’re acquired by private equity firms. If those companies […]
Hark Capital, part of Enhanced Capital, recently rebranded Hark Capital loans above LP commitments on capital stack Fund’s loans are backstopped by fund assets Hark Capital closed Fund II in August on $203 million to provide fund-backed loans to the portfolio companies of private equity and venture capital funds. Unlike many private debt funds, which typically provide loans […]
Fundraising, multiples at or near pre-recession peaks GPs underwriting new deals for possibility of downturn New York City may slow commitment pace Private equity firms and their investors are readying their portfolio companies and investment programs for a possible downturn. “Every single one of our base cases now involves a recession,” said Todd Abbrecht, head […]
Duration has marginal effect on returns, says Coslet Long-duration facilities carry risk of default ILPA released guidelines on facilities in June TPG caps its capital-call facilities at nine months, well short of the two- and three-year facilities that have become a flashpoint for debate among LPs. Speaking at a Pension Bridge event held at the […]