Steve Gelsi

1. As managing director on Hamilton Lane’s Co-Investment Team, can you tell us how the firm approaches co-investing and if it would consider a direct investment? We don’t generally do directs. With our co-investment strategy we’re investing directly into companies alongside GPs as co-investors — not to compete, but to be good partners. We’ll live as […]

Firm: Blackstone Group Fund: Blackstone Tactical Opportunities Fund II Target: $7 billion to $8 billion Amount raised: At least $3.69 bln Placement agents: UBS, Morgan Stanley Smith Barney, Bank Julius Baer & Co Ltd, Park Hill Group Blackstone Group said it raised $3.7 billion for Blackstone Tactical Opportunities Fund II, a pool that’s been investing […]

KKR, Apollo portfolio companies could benefit Marblegate exec flags “backroom lobbying efforts” Caesars, Educations Management debt under scrutiny A battle between private equity investors and minority bondholders has spilled onto the marbled floor of the U.S. Capitol. On one side are sponsors such as Apollo Global Management, Kohlberg Kravis Roberts & Co and TPG Capital. On the […]

Firm: Lion Capital Fund: Lion Capital Fund IV LP Target: $2.5 bln Hard Cap: $3 bin Amount Raised: $1 bln-plus Placement Agent: Mercury Capital Lion Capital, the consumer-focused firm based in London, is holding a close on its fourth buyout fund in December with more than $1 billion, according to a source. Fund IV is […]

Firm: TC Growth Partners Fund: TC Growth Partners I LP Target: $300 mln Amount raised: $200 mln TC Growth Partners is nearing a $200 million interim close for its inaugural growth equity fund after an amicable spinoff from venture firm Trident Capital, according to a source familiar with the firm. The Palo Alto, Calif-based firm […]

Shamoil Shipchandler based in Fort Worth office Former federal prosecutor heads up examinations District includes Texas, Oklahoma, Arkansas Shamoil Shipchandler, recently named regional director of the Securities and Exchange Commission based in Texas, has an interesting philosophy when it comes to how GPs treat LPs: “We’re not here to protect you from bad decisions, but […]

Howard Morgan, Tariq Osman, Heather Faust on roster All three worked at Castle Harlan, now renamed CHI Private Equity Castle Harlan scrapped plans for Fund VI in 2015 Four executives that left Castle Harlan earlier this year have formed Argand Partners, a New York-based middle-market firm, according to a filing and the firm’s website. It’s […]

Audax Private Equity Fund  IV LP, the 2012 vintage buyout fund from Audax Group, logged an IRR of 20.68 percent for the Montana Retirement System through June 30, according to data from Cambridge Associates. That’s above the top-quartile threshold of 15.42 percent for that vintage, according to Cambridge. Geoff Rehnert, co-chief executive officer of Audax, […]

Luminate Capital Partners will soon mark its first year as a firm focused on software buyouts founded by Silver Lake veteran Hollie Moore Haynes. Buyouts Senior Editor Steve Gelsi sat down with Katherine Dowling, Luminate’s chief operating officer and a managing director. 1. Your background includes time as a federal prosecutor in the U.S. Attorney’s […]

For Kevin Kelly, founder and CEO of Application Experts LLC (App-X), it is all about helping alternative asset fund managers and institutional investors run their business and stay in touch with investors. Teaming up with Salesforce, App-X taps into the power of cloud computing to speed up interactions and data distribution between private equity GPs and LPs. “We’ve taken the […]