Sam Sutton

Firm: PAG Fund: PAG Asia II Target: $3 bln Hard cap: $3.5 bln Amount Raised: $3.66 bln Placement Agent: Park Hill Group Legal Counsel: N/A PAG hurdled over its hard cap to raise $3.66 billion for its second flagship private equity fund, according to a Form D filed with the SEC on Dec. 29. The […]

Firm: Welsh, Carson, Anderson & Stowe Fund: Welsh, Carson, Anderson & Stowe XII Target: $3 bln Hard cap: $3.5 bln Amount Raised: $3 bln Placement Agent: Asante Capital Group Legal Counsel: N/A Welsh, Carson, Anderson & Stowe held an interim close on its 12th flagship fund’s $3 billion target last week, two sources told Buyouts. The firm will keep Welsh, Carson, […]

U.S. GPs collect $212.1 bln through December Strongest year for U.S. fundraising since 2008 LPs show increased interest in distressed A deluge of distributions over the last several years helped power fundraising in 2015 as limited partners built their allocations back up to their targets, setting the stage for another strong year in 2016. Strong […]

“Aspirational goal” would put 20 pct of fund assets with such managers New policy results rom law signed by Gov. Rauner, a former GTCR exec $33.4 bln pension’s PE portfolio includes investments with Vista, RLJ The Illinois Municipal Retirement Fund has set a lofty goal for hiring emerging investment managers, which the $33.4 billion retirement fund defines […]

Year founded: 1990 Investment focus: Oil and gas Key executives: Albert Huddleston, Gordon Huddleston, Matthew Marziani, Paul Sander Headquarters: Dallas, Texas AUM: $1.2 bln Fundraising status: Closed Fund II on $240 mln in November Website: aethonenergy.com Oil prices are approaching 11-year lows and the price for natural gas has fallen by more than 30 percent since […]

Plan includes allocation for co-investment and next-gen managers $14.6 bln pension to commit to six buyout, growth or turnaround funds ATRS commits more than $200 mln to PE on December 7 Arkansas Teacher Retirement System (ATRS) plans to commit approximately $275 million to private equity in 2016, including capital earmarked for co-investments and commitments to emerging […]

JJ Jelincic, a California Public Employees’ Retirement System board member, is preparing to dig into a sandwich at a California diner. “You shouldn’t go to a barbecue place if avoiding a mess is a priority,” he said. Jelincic (pronounced juh-LIN-sic) has uncovered quite a few messes at CalPERS lately. In October, he met with Buyouts […]

Addition of non-PE strategies leads to “higher risk profile” Blackstone, KKR among early SEC enforcement actions Lack of resources at smaller firms make them riskier, say sources Private equity firms may expose themselves to greater regulatory risk when they expand into other asset classes, such as hedge fund or real estate strategies, said the SEC’s […]

Firm markets to U.S., European investors for first time Target more than $155 mln Fund III eJnn invests in environmental services, consumer sectors Chinese private equity firm eJnnn Phecda Partners (eJP) is marketing its flagship fund to U.S. and European limited partners for the first time, sources with knowledge of the vehicle told Buyouts. eJP, a […]

Smith: “Make them overpay” Vista invests more in product development than Lockheed, Smith says Software specialist nets top-quartile returns Vista Equity Partners is sick of “tourist” generalist funds crowding into the enterprise software sector, and the firm is not afraid to price them out of the market. In a December 2 keynote talk at PartnerConnect […]