Steve Gelsi
Firm tops year-ago figure of $2.3 bln Apollo’s second natural resource fund holds first close Firm holds final close on third structured credit recovery fund Apollo Global Management said it drew in $3.3 billion of fresh capital in the third quarter, led by a $1.3 billion first close for its second natural resources fund, topping […]
KKR expects 12th North America Fund to top $8 bln Confirms first growth equity fund Henry Kravis sees more deals opening up Kohlberg Kravis Roberts & Co said it expects KKR North America Fund XII to exceed the $8 billion raised by its predecessor, as it takes aim at a more favorable deal market. With […]
Kohlberg Kravis Roberts & Co said it expects KKR North America Fund XII to exceed the $8 billion raised by its predecessor, as it takes aim at a more favorable deal market.
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.
Founded in 2013 and now about one year into the launch of its online fundraising platform for private equity funds, iCapital Network continues reaching out to high net worth investors while broadening its partnerships and alliances. While larger private equity firms benefit from iCapital’s network, the firm has also been gaining traction as a way […]
As alternative fund managers face challenges from competitors, regulators and investors, the boards of private equity and hedge funds have been addressing governance issues in a variety of ways, according to a benchmarking survey by PwC’s alternatives unit. The survey of 42 firms was conducted by PwC’s Kristin Francisco, Mike Greenstein and Liz Pelan. It found that […]
Firm: Genstar Capital Year founded: 1988 Investment strategy: Middle-market buyouts in healthcare, software, financial services and industrial technology Key executives: Jean-Pierre “JP” Conte, managing director and chairman; Ryan Clark, managing director and president; Managing Directors Robert Weltman, Anthony Salewski, Rob Rutledge, Eli Weiss Office location: San Francisco Total commitments in all funds: $5 bln Fundraising status: Closed Genstar Capital Partners VII at […]
1. Five Arrows Principal Investments II (FAPI II) just closed on 775 million euros for European middle-market buyouts, which was 75 million euros above its target. Did you get any participation from U.S. LPs? Yes we do have U.S. LPs, as part of the process we wanted to go through to diversify our base. It’s […]
Turner moving over to Barclays in October Joined Nomura in 2013 Turner had worked as managing director at Barclays Christopher Turner is rejoining the sponsor banking team at Barclays in October less than two years after he left the bank to take a job at Nomura Securities, a Barclays spokesman confirmed. Turner joined Nomura in […]
With more GPs striking out on their own, LPs face the daunting task of evaluating deal-makers’ track records. In private equity, success has many fathers, while failure is an orphan. That’s how one GP described the challenging art of portraying and confirming track record when landing a new job, spinning out a new firm or […]