Steve Gelsi
The vintage 2003 Genstar Capital Partners III LP fund rang up an IRR of 39.6 percent as of Sept. 30, 2015, for California Public Employees’ Retirement System’s California Emerging Ventures portfolio managed by Grove Street Advisors. The performance beat the top-quartile threshold of 21.4 percent and the median of 13.5 percent in an annual survey […]
New exec formerly served with U.S. Air Force; worked at Audax Another was at Lindsay Goldberg Both recently graduated from Wharton MBA program Thompson Street Capital Partners hired two vice presidents who recently earned their MBAs from Wharton after working at other private-equity firms. The two executives will work on the St Louis firm’s acquisitions team […]
Firm reaches $111 mln first close in about six months For the first time, GPs will reach out to U.S. for LPs Beechbrook maintains focus on northern Europe Beechbrook Capital, halfway to its $222 million target for the Private Debt III fund, for the first time plans to court U.S. LPs to help reach the goal, […]
$18.4 bln Fund VIII now about 60 pct committed PE funds typically launch fundraising at 70 pct Apollo launches new business unit in Europe Apollo Global Management’s $18.4 billion Apollo Investment Fund VIII is 60 percent deployed, setting up a possible move into fundraising for its next flagship fund. Fund IX is “looming somewhere on the horizon,” […]
Low interest rates leading to reduce views Firm sticks to 8 pct hurdle rate Oaktree draws in $3 bln in fresh capital Oaktree Capital Management said the persistently-low interest rate environment caused it to pare back return expectations on some of its debt products, but it vowed to avoid riskier investments to juice returns. Central banks […]
Sandra Horbach joined firm in 2005 from Forstmann Little Horbach built up consumer and retail team at the firm Allan Holt moves to chairman roll Sandra Horbach, a managing director who launched Carlyle Group’s Consumer & Retail strategy and will now co-lead buyouts, led an almost 4x return on Vogue International in a deal expected […]
Firm: 747 Capital Fund: 747 Stuyvesant V Target: $75 mln Amount raised: $83 mln 747 Capital beat its target by $8 million, or more than 10 percent, with an $83 million closing for its fifth fund-of-funds dedicated to the lower middle market, an executive at the firm said. Co-Managing Partner Marc Der Kinderen said the 15-year-old […]
Global Market Strategies unit hit by commodity losses Other GMS units such as CLOs, loans ramping up Firm replaced head of unit in May Carlyle Group is reviewing its Global Market Strategies unit in the face of disappointing fee-related earnings at the business, which houses troubled hedge funds currently managing nearly $6 billion. But other GMS […]
Firm expects to hits $12 bln hard cap, plus $1 bln from the firm KKR expects to wrap up flagship fund in the second half About 35 percent of LPs in Americas XII are new Kohlberg Kravis Roberts & Co pledged to eat more of its own cooking, making the largest contribution yet to its private equity […]
One of largest investment multiples in history of TSG San Francisco firm took minority stake in 2012 Cosmetics company broke out on QVC, Shopping Channel TSG Consumer Partners will reap a more than 25x return on the pending sale of its minority stake in rapidly growing makeup brand IT Cosmetics to L’Oréal for $1.2 billion in […]