Steve Bills

Perhaps Providence Equity Partners Inc. and The Carlyle Group LP did well to get out before things got worse for portfolio company Open Solutions Inc., sister magazine Buyouts reported.

Apollo Global Management LP has begun marketing its latest credit fund, with a $750 million target, according to a regulatory filing, sister magazine Buyouts reported.

The Riverside Company has approached the midway point of its fundraising target for its sixth flagship buyout fund, a vehicle that is seeking as much as $1.5 billion, a source with knowledge of the Cleveland buyout shop’s activities told sister publication Buyouts.

If the Securities and Exchange Commission is slow to implement the marketing exemption of this year’s JOBS Act, it may be because regulators fear opening a vector that could be a “shill for fraudulent vehicles,” Robert B. Kaplan, a partner in the law firm Debevoise & Plimpton LLP, told sister magazine Buyouts.

Audax Group, the Boston firm whose two founders trace their roots to Bain Capital, announced that it has closed the fourth iteration of its flagship fund at its hard cap of $1.25 billion.

Ares Management LLC has launched a closed-end fund earmarked for high-yield corporate debt, sister magazine Buyouts reported.

Monroe Capital LLC is extending its push into new lending markets by backing a start-up finance company that specializes in health care, sister publication Buyouts reports.

BlueMountain Capital Management LLC has raised $736 million to invest in distressed debt and other credit strategies, sister magazine Buyouts reported.

Prices eased for mid-market buyouts in the third quarter, and credit conditions eased a tad, sister magazine Buyouts reported, citing S&P Capital IQ Leveraged Commentary & Data.

While the JOBS Act may ease certain restrictions on buyout fundraising, it may well introduce new competitors in dealmaking, in the view of Brian Hamilton, the CEO of Sageworks Inc., a data-analytics company focused on private companies.