Steve Gelsi
Direct lending vehicles draw in $7.4 bln this year GSO, Athyrium raise big funds Oaktree Opportunities Fund hits $11 bln mark Babson Capital Management has drawn commitments from 20 LPs for its new $2 billion global private loan strategy, marking the latest in an active year for credit funds. All told, at least 21 private […]
Mitch Petrick moving to advisory role after six years at the firm Glenn Youngkin to supervise the Energy and Natural Resources group Kenneth Hersh will become deputy CIO Carlyle Group shuffled top management at both its $34-billion-asset Global Market Strategies hedge fund and leveraged finance unit as well as its Energy and Natural Resources group, the firm […]
Execs Chris Manning, Glenn Jacobson to oversee Lone Star state Trilantic eyes distress in oil patch Three full-timers staff Austin office Trilantic North America plans to beef up its new Austin, Texas, office on the heels of a fresh acquisition in the Lone Star State, as the firm deploys capital from its dedicated energy fund […]
Firm: Solace Capital Fund: Solace Capital Special Situations Fund, L.P Target: $500 mln Amount Raised: $388.9 mln Placement Agent: Eaton Partners Solace Capital Partners has raised $389 million in commitments and deployed about $100 million for its inaugural fund, according to sources. The Los Angeles firm led by Oaktree Capital Management veterans recently held a […]
Teal Natural Resources launches with $125 mln New firm Pearl Energy is a backer of Teal NGP funded Teal Natural from Fund XI Teal Natural Resources sees plenty of opportunities to snap up high-quality assets in the Eagle Ford shale of Texas and other areas with equity checks in the $5 million to $50 million […]
Bill Berry headed up American Tire Distributors Exec prefers smaller GP over a larger firm Plans to focus on specialty distribution Before Bill Berry retired in December as CEO of American Tire Distributors Inc, a joint holding of TPG and Ares Management LP, he’d built up decades of experience with private equity firms. So after he was approached by a […]
With election season ramping up this year, employment remains a major issue from Washington to Wall Street.
The vintage 2006 Brentwood Associates Private Equity IV fund delivered an IRR of 15.6 percent as of March 31, 2015, for Indiana Public Retirement System, according to data from the pension fund. That’s ahead of the 14.4 percent top-quartile threshold for that vintage year, according to an annual analysis of public pension fund data by […]
As a long-time investment banker, Brennan Libbey specializes in matching deals and private equity firms. He’s working on those connecting skills in the Los Angeles market, where he opened an office for global investment bank Livingstone earlier this year. He also leads the firm’s U.S. business services group. Libbey joined Livingstone in February to build up the firm’s […]
Blackstone leads pack with $6.7 bln deployed Oaktree trades in and out of distressed debt KKR investments jump 47 pct The five largest publicly traded private equity firms in the U.S. plowed nearly $17 billion into various investments in the first quarter, despite rocky financial markets. Apollo Global Management, Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts […]