Steve Gelsi
Firm ups Lone Star Fund X target by $1 bln Predecessor fund has made 26 investments Distressed asset specialist raised $7.4 bln for Fund IX Lone Star Funds, the distressed asset specialist, upped its target for its latest flagship pool by $1 billion, with $6 billion now intended for Lone Star Fund X, according to […]
Firm: AEA Investors Fund: AEA Small Business Fund III Target: $350 mln Amount raised: $443.1 mln Law firm: Kirkland & Ellis AEA Investors held a final close for AEA Small Business Fund III with $443 million, 21 percent ahead of its $350 million target, in a rapid fundraise, according to sources. The New York firm […]
Global Health Investment Fund investing Fund I since 2013 6 portfolio investments under its belt; more ahead Fund typically invests $10 mln per project Global Health Investment Fund plans to return to the fundraising market by 2018 for Fund II, going beyond the six initial investments from its $108 million inaugural pool, an executive at the New […]
Firm: Peninsula Capital Partners LLC Fund: Peninsula Fund VI LP Amount raised: $402 mln Peninsula Capital Partners added about $78 million in commitments in the past year to close out its sixth mezzanine lending fund at the $402 million mark, according to filings and an executive at the firm. Scott Reilly, president of Peninsula Capital, said […]
Palo Alto, California firm nearly done deploying HGGC II Middle-market buyout firm may launch fundraise in the fall HGGC’s Fund II closed on $1.33 bln in 2015 After a slew of deal-making, HGGC is pre-marketing its third buyout fund with a target of $1.5 billion, as its predecessor fund approaches full deployment, sources said. The […]
Trio worked on Riverside Capital Appreciation Fund Align seeks targets with less than $10 mln EBITDA Riverside Co plans to name new exec to RCAF team Three longtime Riverside Co buyout executives teamed up to form Align Capital Partners with a fundraising target of $250 million to $300 million for their debut pool, according to sources. Lower-middle-market-deal […]
Firm: Livingbridge Fund: Livingbridge 6 Target: $830 mln Amount Raised: $598 mln The lower-middle-market GP Livingbridge saw recent success on the fundraising trail with nearly $600 million for its latest buyout pool, after a run of sultry summertime deal-making. The London shop disclosed $598 million and a target of $830 million for Livingbridge 6 LP, a […]
Firm: Pine Street Capital Fund: Pine Street Capital Partners III LP Target: $50 mln Amount raised: $20.25 mln Pine Street Capital Partners plans to raise as much as $50 million for its latest fund aimed at subordinated-debt and minority-equity investments in lower-middle-market companies. The Albany, New York, firm disclosed $20 million in commitments from 19 limited partners […]
Firm reaches letter of intent on first Fund III deal Charlotte, NC, firm makes last investment out of Fund II Falfurrias Capital bought 55 percent of Green Distribution Falfurrias Capital Partners soon will begin deploying its third buyout fund while also staying in fundraising mode for the pool, an executive at the firm said. Ed McMahan, partner […]
The credit markets saw a rocky start to 2016 and big moves immediately after Brexit. Any observations? We’ve been negative on credit for a while now. Oil and gas are a big problem as well as metals and mining. That will not go away. When these capital structures were constructed two or three years ago, they […]