Sam Sutton
US general partners raised $42.4 bln in Q3 LPs invest in small funds, distressed/turnaround strategies LPs preparing for declining distributions U.S. third-quarter private equity fundraising dipped 17 percent to $42.4 billion from the $51 billion in Q2, according to Buyouts data. Buyout and mezzanine strategies raised $137.3 billion year-to-date, more than $20 billion off the amount […]
SEC Director Andrew Ceresney has pay-to-play in mind — and has put public pensions on notice that the agency is watching. The SEC is stepping up its coordination with the FBI and U.S. Attorney’s Office as it looks into pay-to-play schemes involving public pensions, Ceresney said at the Securities Enforcement Forum in Washington last week. “Our […]
Apollo European Principal Finance Fund III to hold final close in early 2017 Fund III targeting $3.5 bln Pennsylvania Public Schools re-ups $200 mln to Apollo Apollo Global Management is readying a first close for its newest European distressed-debt fund, a Portfolio Advisors investment memo showed. The firm expects to hold a first close for Apollo […]
Pittsburgh firm targets $500 mln; $550 mln hard cap Interim close planned for late 2016 Incline Equity inks four deals since late September PNC Bank spinout Incline Equity Partners is back on the market with its fourth flagship fund, targeting $500 million with a $550 million hard cap, documents released by Pennsylvania Public School Employees’ Retirement […]
Karl Schade stepped down from Presidio Group in March Schade to launch SF office, staff for Star Mountain Presidio, Star Mountain both investors in National Health Finance Star Mountain Capital hired former Presidio Group CEO Karl Schade as its newest senior partner. Schade’s background includes stints as a dealmaker at firms like Blum Capital Partners, Silver […]
HPS Investment Partners targeted $5.5 bln Firm completed spinout from J.P. Morgan Chase in March Louisiana Teachers’ commits $75 mln to Fund III HPS Investment Partners raised around $5.6 billion toward an expected $6.5 billion for its third mezzanine investment fund, its first since completing a spinout from JP Morgan Chase & Co, according to limited-partner […]
Goldman, Deutsche Bank secondaries team lead spinout MidOcean vet Graham Thomas tapped to lead new firm Team to unwind portfolio, continue as independent sponsor or raise new fund National Bank of Greece’s private equity subsidiary, NBGI Private Equity, completed its spinout from the struggling financial institution with support from secondary-market teams at Goldman Sachs and Deutsche […]
Jeff-Baehr-led RueOne launched this year Online platform offers investors “a la carte” direct, co-investment stakes RBS vet Stephen Frangione tapped as COO Dyal Capital Partners Founder and Managing Director Jeffry Brown has left the firm, according to Neuberger Berman spokesman Alex Samuelson. Brown’s departure, which his LinkedIn profile says occurred in September, was part of a phasing out and […]
At target, NYS Common would have 11 pct of IK VIII Firm’s previous fund closed on 1.4 bln euros New IK Investment fund seeking 1.6 bln euros ($1.8 bln) IK Investment Partners picked up a new limited partner with its latest flagship fund, which reportedly held a first close on 1.3 billion euros ($1.46 billion) […]
Mid-market secondaries funds acquire buyout, growth capital funds Fund IV would be almost double the size of Fund III Fund III returning 25.6 pct as of June 30 Lexington Partners is marketing a new mid-market secondaries fund with a $2 billion target, according to a recent SEC filing. At its target, Lexington Middle Market Investors […]