Steve Gelsi

Firm: Asana Partners Fund: Asana Partners Fund I Target: $500 mln Amount Raised: $280.8 mln Placement Agent: Hodes Weill Securities Asana Partners drew in $280.8 million toward a target of $500 million for its debut private equity fund targeting retail properties in urban areas, with support from Ohio Police & Fire Pension Fund and Los Angeles […]

Jay Bhatt joins Boston firm as managing director Working on THL’s Media, Information Services & Technology Group Bhatt was exec at two Providence Equity Partners portfolio companies TH Lee’s recent hiring of the ex-CEO of Blackboard Inc reflects the Boston firm’s commitment to focus on technology and software deals, according to a person familiar with […]

Fund: ParkerGale Capital LP Target: $200 mln Hard Cap: $225 mln Amount raised: $240 mln ParkerGale Capital closed its debut fund at $240 million, nearly 7 percent above the $225 million hard cap, as the Chicago firm’s deal-making during the fundraising helped sway LPs. Partner Devin Mathews said LPs approved the firm’s proposal to allow one more investor […]

True Wind surpasses $500 mln for debut fund GP backs acquisition by The Switch, a video-service provider Deal didn’t involve traditional process, source said True Wind Capital inked its first investment since it was founded by two Kohlberg Kravis Roberts executives: a financing deal for live-content provider The Switch. Meanwhile, fundraising for its debut fund […]

Expect challenges in the massive U.S. retailing and consumer products sector from Amazon.com and eventually China-based online giant Alibiba to continue and even speed up, a McKinsey & Co analyst said.

Describe your Industry First technique of developing a thesis around a growth market and then investing from there.  Industry First is a proprietary, research-based approach that provides us with a focus of who we are and what types of investments and industries we’d like to invest in. Our most recent investment, Marquis Software Solutions, [announced […]

Apollo Investment Fund IX seen as ‘similar size’ as predecessor Firm sees wrapping up Fund IX capital-raising in 2017 Apollo doubles size of Apollo Natural Resources fund Apollo Global Management said it expects to raise about $18.5 billion for its latest flagship fund, beginning in the current quarter and wrapping up next year. Apollo Investment […]

Pomona Capital seeks similar amount to predecessor fund LPs pour money into secondary funds Pomona promoted two to partner earlier this year Pomona Capital is keeping its latest secondary pool at a comparable size as it hits the fundraising trail with a $1.75 billion target for Pomona Capital IX LP, a filing and a source said. […]

Firm: Kainos Capital Fund: Kainos Capital Fund II Target: $750 mln Hard Cap: $895 mln Amount Raised: $895 mln Placement Agent: Lazard Legal Counsel: Weil, Gotshal & Manges LLP and Sidley Austin LLP Kainos Capital in about seven months hit the hard cap of its sophomore fund with $895 million in commitments, including support from […]

Private equity exec founded firm after working in Washington Sees tax increases without regulatory reform hurting the economy In rare interview, exec shares concern about a deeper slowdown Aurora Capital Chairman Gerry Parsky offered perspectives on fiscal policy, taxes, the election and the state of the economy through the lens of private equity, drawing on […]