Sam Sutton
New fund targeting $3.5 bln; $4.5 bln hard cap Previous fund netting 89 pct IRR through Sept. 30 Nebraska weighing $50 mln commitment to fund Quantum Energy Partners is offering limited partners who participate in its seventh flagship fund’s first close a discount on its management fees, Nebraska Investment Council documents show. LPs who participate […]
Firm was due $1.7 mln over remainder of contract Meketa to take over, pending CalPERS vote PCA to remain CalPERS secondary, real estate consultant Pension Consulting Alliance resigned its contract as private equity consultant with California Public Employees’ Retirement System, according to a letter signed by Managing Director Allan Emkin. It’s unclear why the firm […]
Fund to be near a third larger than Fund III at target Previous RLH funds netting 16.2 pct IRR in aggregate Firm specialty: healthcare, government and business services Riordan, Lewis & Haden Equity Partners set a $500 million target for its latest middle-market buyout fund. The firm will charge fund investors a 2 percent management […]
KKR announced North American fund close Monday High priced environment, uncertain political environment poses challenges “We don’t have 100 percent visibility” into how tax policies could change, Navab says High prices and an uncertain political environment could pose challenges for Kohlberg Kravis Roberts & Co as it sets to work deploying its new $13.9 billion North […]
“Our business in China will be bigger” than in U.S.: Dzialga Demographic shifts, tech trends drive China, India interest General Atlantic an investor in recent Snap IPO General Atlantic is preparing to ramp up its investment efforts in China, Managing Director Mark Dzialga said at Columbia Business School’s private equity conference on Friday. “Some of […]
Firm seeks deals in $10 mln-$15 mln EBITDA range Irving Place had sought companies with at least $20 mln Dynojet follows profile of new Irving Place parameters Irving Place Capital has started to move down-market in search of better pricing and opportunities to build up companies, said Partner Devraj Roy. “We’ve really started investing in companies […]
Facility will cover up to 30 pct of aggregate commitments New fund offers step-down management fee structure Adams Street to seek opportunities among 2012-2015 vintages Adams Street Partners’ new secondaries fund will use a capital-call facility to fund as much as 30 percent of its investable capital, according to Minnesota State Board of Investment memos. “Adams […]
Spread between net and gross returns nearly triple industry average Marlin funds grossed 41.6 pct IRR, LPs netted 24.8 percent Firm targeting $2 bln for new flagship fund Marlin Equity Partners is marketing its $2 billion flagship fund and $500 million small-market fund on the back of an overall portfolio that’s grossed a 1.8x and a 41.6 percent […]
Golub expected to hold first close soon New mid-market lending fund has 1.25 pct management fee Fund to back companies with up to $60 mln EBITDA Golub Capital is raising a middle-market lending fund with a $1 billion target, according to documents published by New Mexico State Investment Council. The fund is expected to hold […]
Vestar 2013 vintage, which closed below target, netting 30 pct Fund VII to invest in mid-market; valuations up to $1 bln Vestar led by Daniel O’Connell, Norman Alpert, Robert Rosner Four years after raising less than a quarter of what it targeted for its sixth flagship fund, Vestar Capital Partners has returned to market with […]