Steve Gelsi

Triago projects another record year for fundraising Q1 fundraising hit $136 bln, highest since GFC Distributions dipping to $420 bln in 2016 from $502 bln With private equity’s record of long-term outperformance pushing up LP interest, 2016 may mark the second-best year for fundraising next to 2008’s record, according to a quarterly update from placement […]

Fund: Hamilton Lane Strategic Opportunities Fund 2016 Target: $150 mln Amount raised: $210 mln Hamilton Lane closed Hamilton Lane Strategic Opportunities Fund 2016 with $210 million in commitments, ahead of its $150 million target, as it takes aim mostly at senior-debt investments for middle-market companies. Drew Schardt, managing director, said limited partners’ need for yield in […]

Worked on Latin America for much of the past nine years Kuczynski left firm last year Exec joined New York firm in 2007 Pedro Pablo Kuczynski, an economist who joined Rohatyn Group as senior adviser in 2007, became president-elect of Peru in a close election. For much of the past nine years, Kuczynski, 77, worked […]

Palladium Equity Partners, the New York firm founded in 1997 by Marcos Rodriguez, rang up an IRR of 20.4 percent for New York City Public Employees’ Retirement System as of Dec 31, 2014, according to the pension fund. That’s ahead of the top quartile threshold of 11.7 percent and the median of 8 percent for […]

Year Founded: 1992 Investment Strategy: Distressed debt investing, buyouts Key Executives: Stephen A. Feinberg, co-founder and CEO; William Richter, co-founder and director, Mark Neporent, COO, general counsel and senior managing director Office locations: New York City, with offices in Chicago, Los Angeles, London, Baarn, Frankfurt, Belfast, Madrid, Dublin, Madrid, Beijing, Tokyo AUM: $30.8 bln as […]

Firm takes aim at $900 mln-$1 bln equity checks LA-based GP adds mostly overseas LPs ExamWorks take-private seen as deal template Leonard Green & Partners’ quickly raised $9.6 billion Green Equity Investors VII LP fund will have more range to pursue larger deals, according to a source. Instead of doing more deals of the same size […]

Ex-StepStone exec James Gamett launches firm Sweetwater focuses on health care, mortgage markets Gamett offers operating-company experience Sweetwater Capital, a new private equity firm aimed at the secondary market, sees its role as a separate-account manager that’s able to coach clients on managing individual companies languishing in GP and LP portfolios, according to the firm’s founder. […]

Firm: Cerberus Capital Management Fund: Cerberus Institutional Partners VI LP Target: $3.5 bln Hard Cap: $4 bln Amount raised: Nearly $3 bln Placement Agents: Axius Partners Pty; Monument Group Cerberus Capital Management is nearing $3 billion for its flagship distressed debt and buyout pool, Cerberus Institutional Partners VI LP, after launching the effort in 2015, […]

Funds from CPG Carlyle, Altegris KKR grow larger Some have minimums of $25,000 Smaller institutional investors also taking part Partners Group Private Equity Fund topped $1.5 billion in assets under management in the past year as the largest in a growing class of funds reaching out to qualified individuals and smaller institutional LPs. After Partners […]

1 – You were named co-head of 3i’s North America team last year with Richard Relyea. Why the interest in our region from a U.K. firm with offices worldwide? We’ve had good returns here. We have good deal flow in the U.S. market. It’s becoming a larger and larger market for 3i. North America represents […]