Steve Gelsi
Middle-market shop eyes health and wellness roll-ups Alejandro Weinstein, Jose Minski co-founded firm Wellnext LLC platform company anchors fundraising effort WM Partners, hitting the fundraising market for its 2016 launch by two entrepreneurial executives in the health and wellness space, is targeting $300 million for its debut fund. The fund will focus on add-on deals for its nutritional-supplement […]
Execs see strong interest from high-net-worth investors Registered investment funds, feeder funds remain active Defined-contribution plans mostly untapped by PE Private equity asset managers see a large potential asset base as trillions in retirement dollars shift to 401(k) and other defined-contribution plans and away from traditional defined-benefits plans. But for now, GPs and asset managers […]
Monroe Capital’s Aaron Peck loves looking at different companies to understand how they tick. As co-head of the firm’s new specialty-finance lending unit, he’ll get more opportunities than ever to do just that. “I get excited about understanding a business plan and a strategy and looking at unique types of companies,” Peck said in a […]
Restaurant chain backed by Kelso & Co delays financial disclosure S&P cites declining foot traffic, eyes possible default Company’s revenue falls, loss widens Logan’s Roadhouse Inc may default on payments for its $366 million debt as the restaurant chain backed by Kelso & Co faces a drop in foot traffic, lower revenue and wider losses, according […]
Firm: GoldPoint Partners Fund: GoldPoint Mezzanine Partners IV LP Amount Raised: $699 mln GoldPoint Partners disclosed $699 million in commitments for Goldpoint Mezzanine Partners IV, after the firm hired two key executives and wrapped up a co-investment fund last year. The effort by GoldPoint comes during a thin year for mezzanine fundraising. All told, $215 million […]
Firm: KRG Capital Fund: KRG Capital Fund V LP Target: $500 mln Amount raised: $148.4 mln Placement Agent: Credit Suisse KRG Capital said it raised $148.4 million, 30% of its target of $500 million, for its fifth buyout fund, which came as it raised additional capital from LPs last year for its 2007 predecessor fund. […]
Three deals with combined $9.5 bln value Apollo has averaged 6x EBITDA for buyouts in Fund VIII Beaten-up stocks provide an entry point Apollo Global Management kicked off 2016 by paying subdued purchase-price multiples well within the single digits for three take-privates, despite frothier prices in the broader buyout industry. Apollo founder Leon Black has already […]
Firm: Blackstone Group Fund: Blackstone Real Estate Debt Strategies III LP Target: $4 bln-plus Amount raised: $2.1 bln Blackstone Group’s third real estate debt strategies fund disclosed more than $2 billion in commitments from 40 LPs for investments in mezzanine and structured loans, with Pennsylvania Public School Employees’ Retirement System as an early backer. PSERS […]
1. Can you give an update on your firm’s history and what sets it apart? Constitution Capital Partners spun out of Standard Life Investments in 2007 and in 2008 we launched the firm and landed our first account with Universities Superannuation Scheme (USS) for $750 million. We closed on our first commingled product, Ironsides Partnership […]
Firm: Fort Washington Capital Partners Fund: Fort Washington Private Equity Investors IX LP Target: $300 mln Fort Washington Capital Partners Group, the private-equity unit of Western & Southern Financial Group, set a fundraising goal of $300 million for its ninth fund-of-funds, in line with its predecessor, according to filings. The firm said it prefers niche […]