Sam Sutton
New fund includes $200 mln commitment from GP Will invest 50-50 alongside Warburg’s main fund Warburg Pincus also raised China, energy-focused funds Warburg Pincus closed its new financial-services fund on $2.3 billion, hitting the hard cap it set for outside investors. Roughly 60 percent of the fund’s limited partners have invested in previous Warburg Pincus funds, […]
LPs to pay 1.6 pct management fee Previous special-situations fund netting 29.4 pct IRR Oaktree rebranded special-situations platform last year Oaktree Capital Group is targeting $1.75 billion for its newest special-situations fund, pension documents show. Oaktree Special Situations Fund II will make control investments in mid-market companies by buying distressed debt or making direct investments […]
New fund will invest in energy infrastructure Typical deals could include as much as $750 mln of equity Previous fund netting 9 pct IRR Energy Capital Partners is raising $6 billion to invest in North American energy-infrastructure assets, a fund summary prepared by one of the firm’s potential LPs says. Energy Capital Partners, which has […]
Tennessee commits up to $200 mln to new Olympus fund $43.3 bln pension to co-invest alongside Quantum PE portfolio netting 15.01 pct five-year annualized return Tennessee Consolidated Retirement System is moving forward with a pair of commitments to private equity funds, spokeswoman Gillian Johnson told Buyouts in an email. The $43.3 billion retirement system will […]
Was spokesman for the PE lobbying group since 2014 “I’m now pursuing new opportunities,” says Maloney AIC fighting several proposed changes to U.S. tax code American Investment Council spokesman James Maloney has left the industry lobbying organization, he confirmed to Buyouts. “I enjoyed my time at the AIC and working with the great team there, but […]
Aldrich targeting $250 mln Firm specializes in software, healthcare IT, fintech Aldrich team has three pre-fund investments Aldrich Capital Partners plans a final close on its $250 million debut fund at year-end, LP memos obtained by Buyouts show. The firm’s general partnership group will contribute $10 million, or 4 percent of the fund’s committed capital, a Connecticut Office […]
Terms on Tac Opps vehicles vary by LP, separate account Blackstone planning to raise at least $7 bln Louisiana Teachers’ commits $125 mln to Tac Opps Hamilton Lane negotiated with Blackstone Group to add a preferred return and “improved management fee structure” on a planned commitment to the firm’s Tactical Opportunities platform, a memo prepared for Teachers’ […]
Novalpina plans 75 mln euro GP commitment Debut fund targets 1 bln euros Oregon backs Novalpina for up to 200 mln euros The team at Novalpina Capital plans to commit 75 million euros ($87 million) to its debut fund, which is targeting 1 billion euros, according to Oregon Investment Council documents. The council, which oversees […]
No limit for small businesses, certain real estate companies Corporate rates slashed to 20 pct Difficult to gauge impact in context of broader bill Republicans in the House of Representatives unveiled their new proposal to reform the tax code, which would limit the ability of private equity firms to deduct the cost of interest payments […]
Apollo closed Fund IX on $24.7 bln in Q3 The firm will begin investing Fund IX next year Fee-related earnings to jump by $200 mln Apollo Global Management is about to turn on the spigot for hundreds of millions of dollars in management fees. Apollo will likely activate its latest private equity fund, the $24.7 […]