Steve Gelsi
Brentwood Associates has bought a majority stake in Z Gallerie, a 50-store furniture retailer that got its start as a poster shop, according peHUB affiliate Buyouts magazine, which cited a source.
Buyouts recently caught up with Ross Posner, who joined money manager Ridgewood Private Equity Partners earlier this year to build an energy and related infrastructure investment team. Posner spent the previous eight years at Allstate Investments, where most recently he built and ran the six-person global infrastructure and real asset private equity group. Dow Jones has reported that his new firm plans to raise a debut fund.
Sharing wisdom gleaned as a senior executive at HGGC after his years as a Super Bowl-winning quarterback for the San Francisco 49ers, Steve Young told private equity pros to huddle, embrace change and challenge themselves to find out how good they can be.
Sharing wisdom gleaned as a senior executive at HGGC after his years as a Super Bowl-winning quarterback for the San Francisco 49ers, Steve Young told private equity pros to huddle, embrace change and find out how good you could be.
Hellman & Friedman said it has raised just about $10 billion for its eighth flagship buyout fund as the San Francisco generalist firm turns away some investor dollars as it nears its hard cap, according to an investor in the fund.
Energy Spectrum Capital is nearly two thirds of the way toward a $1.2 billion target for its seventh buyout fund with commitments from 62 investors and at least one prior top quartile fund boosting its track record, according to a Form D filing and pension fund data.
Tribeca Oven CEO Marc Essenfeld said the rapidly growing artisan bread maker seriously considered a private equity buyer when it moved to sell itself, but the New Jersey-based company went with a strategic buyer instead, according to sister magazine Buyouts.
Prophet Equity plans to ramp up growth at Acton Mobile, a provider of office trailers and construction storage, after paying an undisclosed sum to acquire the company in its first investment from its new, $345 million Prophet Equity II LP fund.
JPMorgan Chase & Co said it has raised $1.05 billion for JPMorgan Digital Growth Fund II, the follow-up to a pool that wrapped up in 2011 and took a stake in Twitter Inc, sister magazine Buyouts reported.
Avista Capital Partners II, the 2008 vintage fund from Avista Capital Partners, rang up an IRR of 19.2 percent, above the 19 percent top quartile threshold for funds in the same year, according to an analysis of pension fund data in the Sept. 2 issue of Buyouts. The median IRR for vintage 2008 funds is 10.6 percent. Thompson Dean, managing partner and co-founder of Avista Capital, spoke from the nine-year-old firm’s headquarters in New York City.