Sam Sutton

Fund V to more than double Fund IV’s $162.5 mln Montana backs Fund V for $20 mln Firm acquired Superior Controls with Fund IV in March DFW Capital Partners will likely close its fifth flagship fund in the next week, according to a source familiar with the matter. The fund is expected to raise around […]

Caspersen allegedly attempted to raise $95 mln for shell vehicle Allegredly tried to tie vehicle to Irving Place restructuring Caspersen fired for cause, Park Hill said Andrew Caspersen of Park Hill Group was arrested and charged with one count of wire fraud and one count of securities fraud on Monday. The U.S. Attorney’s Office for […]

Businesses taken private through leveraged buyouts may be safer for employees, new research from the University of Texas and the U.S. Bureau of Labor Statistics suggests. The paper, co-written by Jonathan Cohn (University of Texas-Austin), Nicole Nestoriak of the U.S. labor-statistics agency and Malcolm Wardlaw (University of Texas-Dallas), found workplace-injury rates at public-to-private LBO companies were 0.86 percentage […]

1. The Cambridge Associates U.S. PE index generated negative 1.4 percent in the third quarter, the first negative return in three years. To what do you attribute this? That was really the impact of energy-price declines feeding through to the private-equity market. The sector was down 12 percent, and that muted returns for the asset […]

Nashville firm’s Fund VI is a $160 mln in 2009 vintage New generation of managing directors lead Gen Cap’s investment team Fund VI netting 16 pct IRR with 1.4x multiple through Sept. 30 Lower-middle-market specialist Gen Cap America is marketing its first fund in six years, according to an SEC filing and Rhode Island State […]

New York lawmakers target carried interest California lawmakers consider mandatory disclosure of fees Activists target multi-state approach to regulate PE industry Regulation of the private equity industry is turning into a local fight. In recent weeks, state lawmakers in California and New York drafted bills to address fee transparency and the tax treatment of carried interest. […]

32 pct increase from Fund III’s $950 mln close Fund IV to invest in mid-market financial-services businesses Lightyear acquired AIG subsidiary in January Lightyear Capital set a $1.25 billion hard cap for its latest flagship buyout fund, a source with knowledge of the fund told Buyouts. Lightyear Fund IV’s hard cap represents a 32 percent increase from […]

Final close comes in 8.5 pct greater than $750 mln hard cap New Jersey, Rhode Island among Fund II LPs Tenex splitting GP commitment between cash, management-fee waiver Tenex Capital Management closed its second flagship fund on $814 million, according to the firm. Tenex began marketing the fund to a small group of limited partners last […]

Firm schedules final close for no later than Q2 Fund VIII targeting $2.5 bln Firm changes name to L Catterton after Louis Vuitton parent buys stake L Catterton will hold a first close on its new flagship fund this month, according to a Portfolio Advisors memo. The firm scheduled a final close for no later than […]

Florida-based firm backs GPs facing turnover, performance issues Waits to commit until after fund is partially deployed “We love the unloved,” says co-founder Eric Fishman Omaha Beach Capital is raising $30 million to invest in the funds of “unloved” general partners and is 80 percent on the way to the target, co-founder Eric Fishman told […]