Steve Gelsi

Firm raises 700 mln Euros for Danske PEP VI Fund VI gets first North American LPs Exec sees two-year deployment instead of three   Danske Private Equity expects to deploy its recently closed PEP VI fund-of-funds in two years instead of three in the face of ample investment opportunities, an executive at the firm said. […]

Sells German auto parts maker for about $563 mln, including debt Japan’s Musashi Seimitsu buys Hay Group Gores Group purchased portfolio company in 2012 Gores Group stands to make a return of about 3x in four years on the pending exit of Hay Group to Musashi Seimitsu Industry Co, a deal that values the German auto […]

Firm manages 11 portfolio investments GP sees opportunity in health care data streams Firm has invested its own capital in deals   Skyway Capital Partners, a lower-middle-market buyout firm with 11 portfolio investments, ranks healthcare as a key focus of its hunt for companies posting Ebitda of $1 million to $7 million. Bryan Crino, president of […]

Firm closes Fund VII at $10.5 bln hard cap Six Fund VII deals average $350 mln each Exec mum on any IPO plans TPG executive Todd Sisitsky said the buyout firm’s $10.5 billion TPG Partners VII fund will be “agnostic” on deal size after closing six platform acquisitions from the fund at an average equity investment of […]

Fund VIII deployment ahead of schedule New Special Situations fund Firm markets Apollo European Finance Fund III Apollo Global Management’s $18.4 billion Apollo Investment Management Fund VIII is about 50 percent deployed and will soon start generating carried interest. Josh Harris, senior managing director and co-founder of the firm, said on May 5 that Apollo is […]

Ranks as largest-ever infrastructure fund Surpasses $8.3 bln predecessor Firm has at least one top quartile fund Global Infrastructure Partners quietly broke its own record for the largest infrastructure fund ever raised with $10.8 billion in commitments for its third pool, according to filings. The New York and London-based private equity firm headed up by […]

Firm: Francisco Partners Fund: Agility Fund Target: $500 mln Francisco Partners Management LP recently told its limited partners it’s launching a new fund, called Agility, with a $500 million target aimed at smaller tech deals, according to sources. The size range of deals on which the Agility fund will focus is unclear. A spokesman for […]

Regulator takes aim at end-of-fund-life issues, cybersecurity Apollo sets aside $45 mln related to accelerated monitoring fees Executives complain privately but work with regulators The U.S. Securities and Exchange Commission has reached at least $90 million in settlements with GPs since it started scrutinizing the industry in 2012. That amount is small compared to the trillions in […]

1 — Tell us about the origins of Frontier Capital and your decision to focus on technology firms outside the major tech centers. When we launched Frontier in 1999, it was right in the middle of the dot-com craze. As a small, first-time fund ($45 million) we saw an opportunity in between venture and more mature […]

As a specialist in governance, risk, compliance and restructurings, Ankura Consulting Group often works with private equity firms. The firm has plenty to offer private equity, especially in certain challenged sectors, according to Kevin Lavin, co-president. “There’s restructuring work that has to be done in sectors such as natural gas, retail, shipping, mining, and parts of […]