Steve Gelsi
The Lombard Investments Asia III Fund turned in an IRR of 22.7 percent and ranks near the top of our list for the vintage year of 2007. Tell us about the fundraising cycle and your target for that fund. That year was still the so-called golden era of private equity, so was it easy to sell a story about an Asia fund?
Altamont Capital Partners has officially begun fundraising for its second buyout fund with a target of $750 million, up $250 million from its inaugural fund which closed in 2011, on strong interest in the firm founded by veterans of Golden Gate Capital and Bain & Co, according to a person familiar with the firm.
First Reserve Corp is shouldering its way into a crowded field for its second-generation energy and infrastructure vehicle with a target of $2.5 billion, $1 billion more than its predecessor, as deal-making and fundraising in the sector continues at a healthy pace.
Kohlberg Kravis Roberts & Co raised $4.7 billion for its private equity vehicles in the third quarter as it continues work on four funds, with plans for at least two new funds underway.
Stonepeak Infrastructure Partners, which was spun out of Blackstone Group two years ago, has raised $1.65 billion for its oversubscribed, inaugural middle-market infrastructure fund with support from anchor investor TIAA-CREF.
TCW Group continues to shop for more top quartile funds and other properties to compile an “all-star team” after the Los Angeles money management firm with $130 billion in assets paid an undisclosed sum to buy Craton Equity Partners, a private equity firm that survived a downturn in green investing after the financial crisis.
Carlyle Group, with an energy portfolio of about $28 billion, has recently added six power plants to its Cogentrix platform. The firm is also raising an international energy fund with a target of $1.5 billion.
WestView Capital Partners has wrapped up a targeted $430 million fundraise for WestView Capital Partners III LP, its flagship lower mid-market fund, in a fresh example of a growth equity vehicle drawing strong interest.
GenNx360 Capital Partners has raised at least $346.9 million for GenNx360 Capital Partners II LP. The industrial business-to-business buyout shop founded by Ronald Blaylock and General Electric Co veterans looks to surpass the size of its inaugural fund by $150 million.
GenNx360 Capital Partners has raised at least $346.9 million for GenNx360 Capital Partners II LP as the industrial business-to-business buyout shop founded by Ronald Blaylock and General Electric Co veterans looks to surpass the size of its inaugural fund by $150 million.