Sam Sutton
JLL acquired 51 pct stake in Patheon in 2014 Most of firm’s equity came from Fund VI Deal values Patheon at $3.8 bln JLL Partners stands to make 4x to 5x its investment in Patheon NV, according to a source with knowledge of the deal. Thermo Fisher Scientific is expected to close its acquisition of the […]
Vista’s new fund almost double the size of Fund V LA City Employees, NJ among LPs to commit Includes $500 mln from the general partner Vista Equity Partners closed its latest flagship fund on $11 billion, including $500 million from the firm itself, according to a source with knowledge of the firm. Vista Equity Partners Fund […]
Funds eye niches, international markets amid high prices Apollo “focused on monetizing the portfolio”: Harris Carlyle’s Conway optimistic, despite 0.7 pct headline GDP growth The leaders of the largest domestic private equity funds continue to face challenges deploying capital amid a buoyant, high-priced economy in the early days of President Donald Trump’s administration. Despite concern that Trump’s […]
Fundraising environment “strongest I’ve seen”: Rubenstein Demand for new funds reduces pressure on fees Firm plans to raise $100 bln by end of 2019 Carlyle Group expects its new real estate fund to its hard cap. So will energy business NGP Energy Capital Management’s next vehicle, along with Carlyle’s new mid-market debt fund and its […]
Third fund raised $490 mln in 2015 Valor portfolio includes Tesla, SpaceX Fund II netting 22.4 pct IRR Valor Equity Partners is marketing its latest growth equity fund with a $750 million target, two limited partners told Buyouts. The firm has not set a hard cap, but Valor Equity Partners IV is unlikely to surpass […]
Apollo returns $1.1 bln to PE investors in Q1, invests $1.6 bln “Cash-carry is on the horizon,” says Co-Founder Joshua Harris Firm to activate Fund IX in late 2017, early 2018 Apollo Global Management may not be “selling everything that’s not nailed down” — as Co-Founder Leon Black famously put it — but it’s finally started […]
Asia Fund II fully deployed after active Q1 Nuttall says KKR sees lower valuations, better opportunities in Asia KKR recently completed two corporate carve-outs in Japan Kohlberg Kravis Roberts & Co expects to close its newest Asia-focused private equity fund on upwards of $9 billion this summer, said Chief Financial Officer William Janetschek on a first-quarter-earnings […]
KKR closed Next Generation Tech Growth Fund in December Third announced deal since close Firm previously invested in VC, tech off balance sheet Kohlberg Kravis Roberts & Co invested $70 million in French software company Ivalua from its $711 million Next Generation Technology Growth Fund, which held a final close in December. KKR had announced […]
Previous New & Next Generation accounts’ IRRs less than 10 pct Separate account will target firms raising Funds I-III CalSTRS has 8.2 pct allocation to PE California State Teachers’ Retirement System allocated $250 million to a separately managed account with Invesco Private Capital to direct commitments to new fund managers, spokesman Ricardo Duran told Buyouts […]
Blackstone deploys nearly $12 bln, more than half in PE Realizations surpass $16.1 bln in Q1 President James says firm optimistic on U.S. economy Blackstone Group bought a lot of assets in the first quarter, but it sold more. The firm realized more than $16.1 billion across its entire platform in the quarter, a record […]