Sam Sutton
“Money put to work aggressively could bring bigger losses,” says Oaktree co-founder Firm has yet to activate $8.9 bln Fund Xb Oaktree AUM dips slightly to $100.2 bln year-over-year Investing in a low-return environment was hard. The stock market’s sudden dip over the past two weeks made it harder. “I imagine there are some people […]
Large investors, first-close LPs offered significant discounts Open-ended infra fund expected to hold first close on $7.5 bln in March Saudi Arabia PIF invests through parallel structure Blackstone Group is offering fee discounts to limited partners who participate in the first close of its $40 billion, open-ended infrastructure fund, according to a Courtland Partners memo. […]
Crestline projected to close in February Restructuring team led by Mahajan and Philipp County considering $50 mln commitment Crestline Investors is wrapping up fundraising on a $500 million platform for private equity fund restructurings, according to limited partner memos. Crestline Portfolio Financing Fund is expected to hold a final close on Feb. 1, according to the […]
At $3.5 bln hard cap, new fund would be almost double Fund III’s size Firm’s typical investment multiple falls well below mid-market median After allocating heavily with co-investment, Siris to take a larger share of each deal Siris Capital is projected to close its new flagship fund in March, according to LP memos obtained by […]
Final close projected for February Fund expected to close at or above 8 bln euro target Previous EQT flagship was heavily oversubscribed Swedish private equity giant EQT is projected to close its latest 8 billion euro ($9.63 billion) flagship fund in February, an LP memo obtained by Buyouts shows. The memo, prepared by StepStone Group for […]
Firm began pre-marketing Fund IX in 2016 New fund expected to close in early 2018 Fund VIII returning 16.2 pct IRR through Q3 Nordic Capital is expected to hold a final close north of its 3.5 billion euro ($4.18 billion) target in early 2018, according to a source with knowledge of the fund. The firm […]
New fund will acquire six to eight power assets Three predecessor funds notched top-quartile returns Firm acquired four power-generation facilities in PA in December LS Power Equity Advisors is targeting $2 billion for a new fund that will invest in U.S. energy-infrastructure assets, a Hamilton Lane report prepared for Teachers’ Retirement System of Louisiana shows. The […]
Minority-stake sales trigger succession planning: Gilman Presents opportunity for GPs to align next generation of leadership Valuations of GPs leading to acceleration in succession planning 1. What role do succession plans play in retaining talent? From the team’s perspective and from the perspective of the investment professionals at the firm, it shows them there is […]
Private-market fundraising surge to continue: Arpey Return expectations moderated in line with rates, markets Investors “broaden [private-market] palette” 1. Private-market fundraising has been surging for the past five years. Do you see this continuing in 2018? Yes, I can see it continuing next year. What else is available for investors to invest in? When they look around […]
U.S. funds raised $201 bln through Dec. 11 Fundraising poised for strongest year since the crisis Speed, size of new funds present challenges for LPs U.S. private equity firms are poised to raise more money than in any year since the global financial crisis, thanks in no small part to limited partners pouring massive amounts of capital into […]