Sam Sutton
Victory Park specializes in investing in the specialty-finance sector. How do you define that marketplace? For us, specialty finance is predominantly non-bank lending. It may be a platform that does it online, it may be an institution that has brick-and-mortar locations, or maybe it’s a hybrid of the two. They’re lending to small businesses, they’re […]
Apollo received subpoena in December; is cooperating Firm previously settled with SEC for $52.7 mln last year Raising Fund IX, which could be largest traditional buyout fund The SEC subpoenaed Apollo Global Management in December for information related to the calculation of internal rates of return for certain funds, as well as payments to a European service provider […]
New mid-market fund will lend to sponsor-backed companies Represents a follow-up to Carlyle’s BDC Firm expanding private credit capabilities after hiring CPPIB’s Mark Jenkins Carlyle Group is on its way to securing a $150 million commitment from Fresno County Employees’ Retirement Association for a new middle-market credit fund, according to Verus memos released by the county. […]
Desrochers to take role at “large overseas bank” Joined CalPERS from Saudi Arabian Investment Co in 2011 Desrochers previously led CalSTRS PE program Réal Desrochers is stepping down from his role at the helm of California Public Employees’ Retirement System’s private equity portfolio to take a position at a large overseas bank, according to the […]
Tony James: Trump to take moderate Ryan’s tax approach Trump struggles to avoid foreign-affairs “land mines”: James New president softening on protectionist policies President Donald Trump may fall short of some of the sky-high expectations the stock market set for tax reform, Blackstone Group’s Hamilton James said. “My own view is he’s going to have […]
KPS didn’t complete platform acquisition for two years Firm recently inked deal to acquire WHA Holdings Growth prospects causes corporates to divest post-election: Psaros The past two years were slow on the deal front for KPS Capital Partners, Co-Founder and Managing Partner Michael Psaros said today at Buyouts’ PartnerConnect East conference in Boston. “In 26 […]
Stephen Trevor to join Cornell as partner from Avenue Capital Henry Cornell targeting $2 billion for firm’s latest fund Vehicle to invest in mid-market businesses Avenue Capital Group Portfolio Manager Stephen Trevor will join his former Goldman Sachs Merchant Banking colleague Henry Cornell at Cornell Capital, according to limited partner presentations and memos obtained by Buyouts […]
New Apollo fund could be largest fund ever Previous megafunds have underperformed Apollo track record suggests firm has maintained price discipline Apollo Global Management’s new private equity fund could be the largest traditional buyout fund of all time. At least that’s what staff for the Oregon Investment Council says, and recent events suggest they’re pretty […]
GP Profile: Eurazeo Year founded: 2001 Investment strategy: Invest in portoflio companies with enterprise values of 150 mln euros Office location: Paris, New York, Shanghai, São Paulo Assets under management: 6 bln euros Number of active portfolio companies: 12 companies in Eurazeo Capital Web address: www.eurazeo.com/ Eurazeo is a private equity firm. But its DNA includes a family office background; […]
SNAPSHOT Company: Ministry Brands Advisors: Weil, Gotshal & Manges, Bank of America Merrill Lynch and Harris Williams & Co WHY THEY WON Netted 1200 pct IRR Revenue expanded by 15x-plus EBITDA grew by more than 29x Turned around investment in less than two years Private equity firms occasionally source high-powered returns from a higher power. Providence Equity […]