Steve Gelsi

Marc de Saint Phalle worked on Old Westbury funds Departed Bessemer Trust after 16 years Co-headed 28-person alternative investment team Marc de Saint Phalle has left Bessemer Trust after working for 16 years at the multi-family office with more than $100 billion in assets under management, the firm said. De Saint Phalle held the title […]

Upacala Mapatuna joined from Goldman Sachs 20-plus year career includes stint at Mill Road Capital Sees opportunities in PE, debt investments Upacala Mapatuna, the newly hired chief investment officer at Chicago-based Victory Park Capital, sees current market volatility as a prime opportunity for the firm’s “hybrid” expertise in both private equity and debt investments “We’re seven […]

Firm: BDT Capital Partners Fund: BDT Capital Partners Fund II Target: $5 bln – $6 bln Amount raised: $6.2 bln Byron Trott, known for working with Warren Buffett and other billionaire clients, recently closed his second fund at $6.2 billion, as the ex-Goldman Sachs banker aims at a longer investment period than traditional vehicles, according to […]

Firm: NexPhase Capital Fund: NexPhase Capital Fund III, LP Target: $500 mln Newly-launched NexPhase Capital, a lower middle-market firm led by former members of Moelis Capital Partners, is seeking $500 million for its first fund, according to a source. NexPhase calls the fund NexPhase Capital Fund III, LP because it’s the same team that raised two earlier […]

1. HarbourVest recently bought BAML Capital Access Funds, a fund-of-funds focused on emerging managers, and renamed it HarbourVest Horizon. What was the impetus for that deal? Directionally, there is increasing interest in emerging managers and with [this] team as part of the HarbourVest platform, we expect this to be a growing part of the investment expertise that […]

Daniel Fisher sees opportunity for the U.S. launch of Global Loan Agency Services (GLAS) despite turmoil in debt markets. In fact, the current disruption may help the firm grow. As an independent loan administration specialist, GLAS handles the accounting and organizing of loan payments, record keeping, following up on missed or late loan payments, and other services. Since […]

BBAM, the aircraft leasing specialist that’s half-owned by Canadian private equity firm Onex Corp, is nearing a first close on Incline, its inaugural private equity fund targeting US$750 million, a source told Buyouts. The fund comes amid interest from limited partners in aircraft leasing, which has drawn demand from airlines and other customers seeking lower capital costs than direct ownership of jets.

Exec Andrew Bucolo takes aim at increasingly active group Middle-market lender noticed hiring by family investment groups Madison Capital has closed two lending deals with high net worth families Madison Capital Funding, the middle-market lending unit of New York Life, has closed at least two deals with family investment groups as it works to attract […]

Firm: Columbia Capital Fund: Columbia Spectrum Partners I LP Amount raised: $247 mln Columbia Capital, a venture capital firm focused on communications, media and technology, has raised $247 million for a private equity fund, Columbia Spectrum Partners I, according to filings. James Fleming and John Siegel, who are listed as executives for Columbia Spectrum Partners, […]

Firm holds $22 bln in dry powder May increase size of Fund Xb PE firms in general have ample capital for credit investments Oaktree Capital Group exceeded its $10 billion target for its flagship distressed debt funds. Now it’s waiting for just the right time to deploy the capital. Howard Marks, co-chairman, said the firm sees some […]