Sam Sutton
Oak Hill’s newest fund targeting $2 bln GP commitment, with Bass, will be $300 mln Firm had raised more than $1.2 bln through July Robert Bass will commit at least $200 million to Oak Hill Capital Partners’ newest flagship fund, an investment memo Buyouts obtained from Minnesota State Board of Investment shows. Oak Hill was founded […]
New fund targets $5 bln Vintage VII may back spinouts, management companies Goldman launched fund for management company stakes earlier in 2016 Goldman Sachs may use its new secondaries fund to acquire stakes in private equity management companies, a Minnesota State Board of Investment memo obtained through an open-records request shows. As with previous funds, […]
Target matches total raised through 2013 vintage fund Merced raises $100 mln from Minnesota Minnetonka firm’s 2007 vintage netting 24.1 pct IRR Merced Capital is targeting $800 million for its latest flagship, matching what the Minnetonka, Minnesota, credit specialist raised through its 2013 vintage fund. The target was disclosed in a Minnesota State Board of […]
U.S. fundraising at $174 bln through mid-December Funds targeting $1 bln or more comprise more than half total raised Advent, Leonard Green lead buyout firms for largest fund raised U.S. private equity funds raised roughly $174 billion through mid-December, indicating the industry is off pace to match the $228 billion raised in 2015, Buyouts data shows. Fundraising […]
Glansaol led by Alan Ennis Warburg combines Laura Geller, Julep, Clark’s Botanicals New platform targeting additional acquisitions Warburg Pincus’s consumer portfolio is getting a makeover. The global private equity firm partnered with former Revlon Inc CEO Alan Ennis to combine three beauty and personal-care companies under a new platform, known as Glansaol, the firm said […]
LPs who commit $250 mln-plus pay 1.25 pct Smaller LPs pay 1.5 pct New fund targeting between $5 bln and $8 bln Goldman Sachs is offering management-fee discounts to limited partners who commit $250 million or more to West Street Capital Partners VII, the bank’s first buyout fund since its $20.3 billion 2007 vintage. Larger […]
Warburg’s first dedicated China fund was oversubscribed China team lead by Julian Cheng and Frank Wei New fund will invest 50-50 alongside Warburg’s $13.4 bln flagship Warburg Pincus on Dec. 14 held a first and final close on $2 billion for its first dedicated fund for Chinese investments, the firm said in a statement. The firm […]
Weisdorf led CPPIB private markets from 2000-2003 Went on to be CEO, CIO of JPMorgan’s $10 bln infra team Joins advisory group that includes John Mack, Todd Benson Star Mountain Capital tapped the former head of Canada Pension Plan Investment Board’s private markets team as a strategic investor and senior adviser, Buyouts has learned. Mark […]
New fund targeting $950 mln, $1.1 bln hard cap Pennsylvania Public School Employees’ re-ups $200 mln Firm nets aggregate IRR of 16.8 pct on prior funds LLR Partners is poised to hold a first close on its fifth flagship fund this month, with a final close planned for the second quarter, according to a Portfolio […]
President-elect Donald Trump wants to repeal banking regulations instituted by Dodd-Frank, and that could create problems for private debt managers whose funds flourished as banks retreated from traditional lending.