Sam Sutton

HgCapital targeting 2 bln pounds, could raise up to 3 bln PSERS commits 95 mln pounds to Fund VIII Target companies: enterprise values up to 500 mln pounds HgCapital will likely hold a first and final close before year-end, a Portfolio Advisors’ memo included in Pennsylvania Public School Employees’ Retirement System documents shows. The firm set a 2 billion pound ($2.37 […]

Previous flagship closed on $1.75 bln in 2014 Providence credit arm netting 12.4 pct through flagship funds Benefit Street also markets special-situations fund Benefit Street Partners is back on the market with a new flagship fund targeting $1.75 billion, an investment report released by Teachers’ Retirement System of Louisiana shows. Louisiana Teachers’ committed as much as $75 […]

Newly-christened Backcast to provide mid-market debt, equity Centre Partners a minority partner in new firm Mark Gudis of SAC also a Backcast co-founder In fly fishing, “backcast” refers to how a fisherman winds up before casting his fly to the water. In business, “to backcast” is to set a specific goal, then work backward to […]

LPs, firms better at spotting, disclosing conflicts SEC cases against Fenway, Burrill targeted individuals Charging individuals creates incentive to disclose more, says Shipchandler LP advisory committees have grown more adept at spotting potential conflicts of interest posed by their fund managers’ relationships with third parties, said Shamoil Shipchandler, regional director of the SEC’s Fort Worth office. […]

Public companies willing to pay high prices: Markham EnCap closed most recent fund on $6.5 bln Fund is 85 pct pledged to existing management teams EnCap Investments Managing Partner Murphy Markham sees strong opportunities for sellers now that OPEC has decided to cut its oil production by roughly 3.6 percent. On Wednesday, OPEC agreed to […]

Fund VIII is Wind Point’s first since 2009 Previous fund held final close on $915 mln Wind Point bulks up portfolio in 2016 Wind Point Partners is more than halfway toward the $750 million it plans to raise for its eighth flagship fund, the firm’s first since 2009. Wind Point on Monday filed a pair of […]

Ripplewood spinout likely encountering strong demand First fund exceeded target by almost 45 percent in 2014 One Rock inks deals for two new portfolio companies in 2016 One Rock Capital Partners is back on the market with its second flagship vehicle, two limited partners told Buyouts. The firm set a $700 million target. The fund […]

Och-Ziff case provides insight into future enforcement Portfolio companies also subject to DOJ enforcement Proskauer’s Leonard expects fees, expenses to remain priority The recent focus of the SEC and Department of Justice on how private fund managers conduct and attract business outside the U.S. may hint at future enforcement actions, a recent report from law firm […]

Full or partial rollback of regulations could bring banks back to market Private debt funds would face stiffer competition, sources say LPs inject more private debt over previous five years President-elect Donald Trump’s pledge to rein in a variety of banking regulations could increase competition for private-debt specialists. Bank-friendly policy or regulatory adjustments could pry open […]

Trump, GOP Congress good news for deregulation Dodd-Frank “could be nibbled on pretty severely,” says panelist Financial lobbyists likely to take “rifle-shot” approach to deregulation Donald Trump’s election as U.S. president is good news for financial-industry players looking to reverse regulations implemented after the global financial crisis, said panelists at IA Watch’s post-election regulatory conference […]