Sam Sutton

Carlyle holds first close on $4.5 bln for new Asia fund U.S. buyout fund projected to hold first close by year-end Conway, Rubenstein handing reins to Lee, Youngkin Carlyle Group’s new co-CEOs, Kewsong Lee and Glenn Youngkin, will have a fresh supply of capital to put to work in private equity when they begin their tenure […]

Management fees declined 4 pct year-over-year Firm not expecting fees to rise in “non-default environment,” says Levin Firm is a net seller, with Oaktree Opportunities Fund X 44 pct drawn Management fees collected by Oaktree Capital Group funds are falling steadily and that’s OK, the firm’s leadership said on a third-quarter earnings call. Oaktree collected $186.6 […]

Clearlake V will likely be oversubscribed Previous two funds netting IRRs in excess of 35 pct Specializes in software/technology, energy, more Clearlake Capital Partners is targeting $2.5 billion for its latest flagship fund, which will likely be oversubscribed, according to an LP with knowledge of the fund. While the hard cap remains undetermined, strong demand […]

Creadev to focus on opportunities related to sustainability Also exploring “next-gen commerce,’ says Deschamps Creadev invests long-term capital for the Mulliez family Creadev is preparing its evergreen fund for investments in the food sector, Managing Director Delphine Descamps said at Buyouts Insider’s Family Office Connect conference in New York on Oct. 23. The firm, an […]

1. How do you feel about the status of comprehensive tax reform? In the context of tax reform, we should keep this in perspective. The House was successful in getting their budget through; the Senate is going to be successful in getting their budget through this week. [Editor’s Note: The Senate approved its budget proposal Oct. […]

Blackstone Core Private Equity raised $5 bln Vehicle can buy and hold for longer periods Fund has completed 2 deals, including Ascend in Q3 Blackstone Group is preparing its platforms for more longer-term investment vehicles in the vein of its $5 billion Blackstone Core Private Equity Partners, President and Chief Operating Officer Tony James said […]

New docs may include GP commitment in fund size Management fee offsets on transaction, monitoring fees Consulting fees not included in the offset New South Carolina Retirement System Investment Commission documents detail the terms of Francisco Partners’ new flagship fund, which could raise as much as $4 billion. Buyouts previously reported the fund was capped at $3.75 billion, […]

First and final close scheduled for November Fund V, a 2011 vintage, netting 28.4 pct IRR PA Public Schools commits up to $75 mln to new fund Orchid Asia Group is raising $900 million for its newest flagship private equity fund. Orchid Asia VII will likely hold a first and final close next month, Hamilton […]

High prices for mediocre assets will “end in tears,” says Friedman FFL IV roughly 60 pct deployed FFL focusing more on small sub-sectors, like optical retail Tully Friedman has seen this movie before. “I’ve operated through four or five of these cycles, and I don’t think it’s even a close call. We’re at a [market] […]

A first close is expected in December Fund VII to invest in upper-mid-market Europe companies Pennsylvania Public School Employees’ re-ups for 125 mln euros PAI Partners is targeting 4 billion euros ($4.69 billion) for its latest flagship private equity fund for investments in upper-mid-market European companies, according to an investor memo. The fund does not […]