Steve Gelsi
The vintage 2010 Energy Capital Partners II-A LP, the sophomore fund from Energy Capital Partners (ECP), rang up an IRR of 21.9 percent as of December 31, 2014, for the Los Angeles City Employees’ Retirement System. That’s just above the top-quartile threshold of 21.4 percent and the median of 12.7 percent, based on a review of […]
While the Global Financial Crisis marked a period of change in the private equity industry, a recent study suggests evolution will accelerate in coming years. In response to changing demand, firms will be forced to restructure business models and approaches, according to the 44-page study, produced by London Business School’s Coller Institute of Private Equity with support from […]
Lender adds team from Salus Capital Partner Monroe CEO sees deals in pipeline Business could grow to hundreds of millions Monroe Capital CEO Ted Koenig said the Chicago-lender may book hundreds of millions in new loans in the next year as it rolls out its new asset-based lending unit for retail and consumer products. “We’re […]
An interview with Ethan Vogelhut, vice president of Adveq, an asset manager that invests in private equity and real assets on behalf of pension funds, insurance companies, family offices and financial institutions. Adveq has more than $6 billion in AUM. 1. As head of Adveq’s Opportunity program, you oversee all of Adveq’s U.S. buyout and turnaround […]
SSA & Co offers guidance and expertise throughout the ownership cycle of portfolio companies, from pre-acquisition, to post acquisition and exit with an eye on creating additional value at each step of the way. During the purchasing phase, the firm provides insights on EBITDA, cash flow and other metrics of acquisition targets during operational due […]
Firm: Pantheon Fund: AMG Pantheon Fund LLC Target: Fund registered to sell $500 mln Pantheon’s new AMG Pantheon Fund marks the manager’s first product built from the ground up for retail investors under the same regulatory regime as publicly traded mutual funds. “It’s intended to be a long-term vehicle for people to come into and let their […]
Firm: Coller Capital Fund: Coller International Equity Partners VII Target: $5.5 bln Hard cap: $6 bln Amount raised: Approaching $5.5 bln Coller Capital is approaching its $5.5 billion target for its seventh fund aimed at secondary investments in private equity, part of a crop of larger funds in the space, according to a source. Coller […]
Firm: Arsenal Capital Partners Fund: Arsenal Capital Partners IV LP Target: $1.25 bln Arsenal Capital Partners held a first close on its fourth buyout fund toward a target of $1.25 billion, well above its predecessor, according to a source. The source described the first close level as “substantial,” but declined to be more specific. A […]
Firm: ACON Investments Fund: Acon Equity Partners IV Target: $1.07 bln Amount raised: $578.2 mln Placement Agent: Evercore ACON Investments has pulled in $578.2 million in commitments for its fourth flagship fund, marking the international buyout shop’s rapid return to the fundraising market, according to filings. With a target of $1 billion for ACON Equity […]
Firm raising core plus real estate fund Carlyle planning update on Carlyle Global Partners fund Firm expects more participation from Asian sovereign wealth funds Carlyle Group said it continues to see strong interest in its many funds in the market from insitutional investors and high net-worth individuals, as it plans to launch a new infrastructure […]