Steve Gelsi

Ben Daverman, Lawrence Fey named as managing directors Daverman works on healthcare, Fey on TMT Stephen Jeschke moves up to principal Eleven-year GTCR veteran Benjamin Daverman said he’s playing a greater role at the Chicago firm and within its healthcare vertical now that he’s been promoted to managing director. “I’ll have increasing responsibility in the […]

Fund: Riverside Micro-Cap Fund IV Target: $500 mln Amount Raised: $650 mln Riverside Co closed its fourth micro-cap fund at its hard cap of $650 million, 30 percent ahead of its $500 million target, with participation from at least one new anchor LP, among others. Riverside Micro-Cap Fund IV plans to keep its deal size for companies below […]

Firm: GMB Mezzanine Capital Fund: GMB Mezzanine Capital III Private capital target: $100 mln Amount raised: $137 mln Total including SBIC portion: $290 mln GMB Mezzanine Capital drew in $290 million for its third mezzanine fund, surpassing its 2012 predecessor by $50 million, as it continues lending to lower middle-market companies with less than $200 […]

Riverside Co spinoff’s $325 mln debut fund oversubscribed Cleveland and Dallas firm nearing first acquisition Align Capital to add at least one vice president, associates Align Capital expects to hire at least one vice president, “a few” associates and an operating partner after the firm, founded by Riverside Co veterans, drew in $325 million of commitments in […]

Firm backed by a family office but may raise a fund White Oak: opportunity for return from sub-$1-bln managers Stakes will generate income over an extended period White Oak Equity Partners sees an opportunity to make minority investments in sub-$1-billion hedge funds in exchange for a share of their net income while offering expertise to […]

Firm: Ardian Fund: Ardian LBO Fund VI Hard Cap: $4.5 bln Amount raised: $4.5 bln Total including co-investments: $5 bln Ardian plans to increase the number of transactions in its middle-market buyout fund, while growing the size of each deal slightly after the Paris firm closed on $5 billion in a four-month capital-raising effort, an […]

Jenkins led acquisition of Antares by CPPIBC arlyle planning to add people, resource, products Exec named to new position at Carlyle Group   Carlyle Group plans to add resources, products and people to its Global Market Strategies unit after the firm tapped Mark Jenkins for the new post of managing director and head of global credit, a source […]

Compass Diversified near $1 bln in market cap Big GPs offering longer-life funds Mid-market firms mostly offering traditional funds Kattegat Trust, a charitable vehicle set up by Teekay Shipping Corp magnate J. Torben Karlshoej, was looking to diversify its portfolio beyond its core shipping holdings. The trust sought exposure to asset classes like private equity […]

As co-head of Bain’s tech, media and telecom unit for North America, give us some color on the $4.7 billion sale of cybersecurity firm Blue Coat to Symantec? We purchased Blue Coat in early 2015 for $2.4 billion, including debt and equity. We sold it for about twice the price that we paid, but we had the […]

IFM hires executive from Latam Airlines North American infrastructure team works out of NYC Firm named senior adviser in infrastructure in January IFM Investors hired an executive from the airline sector for its North American infrastructure team, which manages about $24 billion for the Australian fund manager. Sebastian Domenech was named director of asset management at […]