Steve Gelsi

As regulatory and LP pressure builds on private equity firms in the post Dodd-Frank era, GPs should anticipate using at least 5 percent of their revenue for compliance, said Todd Cipperman, founding principal of Cipperman Compliance Services.

Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital, reports Buyouts' Steve Gelsi. Today, the Calgary-based firm has found its niche by offering entrepreneurs an alternative to floating shares or private equity investment: raising capital through the sale of preferred stock.

Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital.

Distressed debt specialist Glendon Capital Management quickly hit the $1 bln hard cap on its debut fund in less than a year, following its spin out from Barclays Asset Management Group in 2013.

Audax and CVC Capital veteran Ashwin Krishnan started SpareHire with lifelong friend Vikram Ashok after their personal experience in the workplace helped them identify a market need.

Riverside Co’s exit of software and service company Navex Global in a sale to Vista Equity Partners marks the latest in a busy year of deals for the middle-market firm, which expects to buy and sell as many as 60 targets this year.

H.I.G. Capital is nearing final negotiations to buy the Polymer Additives unit of Ferro Corp in a deal expected to fetch up to about $200 million.

Pantheon Ventures now counts about $4 billion in assets under management for investments in Asia and other emerging markets, said a source familiar with the firm.

Valor Equity Partners LP has drawn in $390 million in commitments for its third buyout fund, ahead of the $350 million offering amount listed on a regulatory filing, with support from billionaire Elon Musk, a source familiar with the firm told Buyouts. (Subscribers, click on the headline to read the story.)

Myron Zhu, partner in the Hong Kong office of FLAG Capital Management, revealed to Buyouts that the firm plans to add two more investment professions to focus on private equity opportunities in China and Southeast Asia.