Steve Gelsi

Hamilton Lane takes minority stake in GP-LP data provider Bison, Hamilton Lane launch Cobalt Hamilton Lane CIO Erik Hirsch sees role for more tech Hamilton Lane marked its fourth investment from its own balance sheet by paying an undisclosed sum to become the largest private shareholder in financial-technology company Bison. The Bala Cynwyd, Pennsylvania, money-management […]

BDC headed up by Michael Ewald, Bain’s private credit chief Same team manages about $5 bln in middle-market credit With leverage, BDC holds about $1 bln in dry powder   Bain Capital’s first business development company recently called capital for as much as $218 million for debt investments in the middle market as the privately held lending unit […]

Firm sells Aerosim, PADI from Fund IV Betsy Maloney joined firm in 2015 Lincolnshire wrapped up last fundraising effort in 2008 Lincolnshire Management has replaced its director of marketing while remaining active on the deal front as the New York firm wrapped up the second exit from its fourth buyout fund. It may start raising Fund V as early […]

1. You just helped wrap up fundraising for Riverside Micro-Cap Fund IV with $650 million in commitments, ahead of the $500 million target. Any new team members for this fund? A: Today we have 40 team members on the microcap fund, split roughly down the middle between transactors and operators. On the transacting side, we’re […]

Highview Capital manages $500 mln fund Firm backed by Karlin Asset Management Co-founder of Highview worked at Aurora, Alvarez & Marsal Highview Capital, which manages a $500 million evergreen fund backed by Karlin Asset Management, hired six executives and plans to add talent as it embarks on middle-market buyout and distress deals. The Los Angeles […]

Firm: Gemspring Capital Fund: Gemspring Capital Fund I Target: $300 mln Placement Agent: Acalyx Holdings Gemspring Capital plans to raise as much as $300 million for its debut buyout fund about a year after the firm launched under a veteran of H.I.G. Capital, according to a filing. The Westport, Connecticut, firm said it didn’t yet have a […]

Firm: Angeles Equity Partners Fund: Angeles Equity Partners I Target: $300 mln Amount raised: About $300 mln Placement Agents: Moelis & Co, GCA Savvian Advisors, LLC Angeles Equity Partners is nearing the finish line on its debut buyout pool with $300 million in commitments expected, after a busy year that included fundraising and closing two platform […]

Panel expects a recession at some point Important to have lenders in place willing to work through tough times Trump election could negatively hit public markets A panel of private equity executives looking toward 2017 agreed that a U.S. recession lurks at some point in the future and said lining up favorable financing partners will […]

Nearly 2,800 private capital funds in the market Preqin survey of 490 LPs reveals challenges from plethora of alternative funds Fund selection process described as increasingly daunting A record 2,798 private-capital funds are in fundraising mode, making it  harder to select places to invest, a Preqin survey of more than 490 institutional LPs shows. “It is […]

Co-investments roped into fee-and-expense focus by regulators SEC actions not expected to chill co-investment activity Recent moves by SEC on this front aren’t the last: lawyers   Private equity firms continue to strengthen disclosure to limited partners about co-investment programs as the SEC maintains its emphasis on transparency, according to a lawyer who works with GPs. While the SEC […]