Toby Mitchenall & Jonathan Brasse
Guardian Capital Partners raises $50M for its inugural effort
Firm: Guardian Capital Partners Fund: Guardian Capital Partners Fund I LP Amount Raised: $50 million Target: $80 million Placement Agent: None Guardian Capital Partners, a lower mid-market buyout shop based outside of Philadelphia, has closed its debut fund at $50 million. Firm executives expect to make six to 10 control investments with the vehicle, typically […]
The $126 billion New York State Common Retirement Fund recently announced two pledges made in November totaling $40 million, one to an emerging manager, another to a firm investing largely in the Northeast. Clearlake Capital Group’s Clearlake Capital Partners II received a $15 million commitment through the NYSCRF Pioneer Partnership Fund – A, part of […]
United Investment Managers, the Chicago-based firm recently acquired by former Aldus Equity executive Marcellus Taylor, is looking to launch a mezzanine-focused fund of funds in the latter part of the first quarter of 2010, Taylor told Buyouts. Potential supporters will have to get past Taylor’s association with the disgraced and defunct private equity advisory firm […]
Firm: WestView Capital Partners Fund: WestView Capital Partners II Target: $300 million Amount Raised: $325 million Placement Agent: Probitas Partners Boston-based emerging manager WestView Capital Partners has hit its hard cap of $325 million for a second fund earmarked in part for services companies, handily surpassing its $300 million target after little more than a […]
Firm: WestView Capital Partners Fund: WestView Capital Partners II Target: $300 million Amount Raised: $325 million Placement Agent: Probitas Partners Boston-based buyout shop and emerging manager WestView Capital Partners has hit its hard cap of $325 million for its second fund, handily surpassing its $300 million target after little more than a year of fundraising. […]
TRS of Texas likely to go after FoFs
Alarm bells should have been clanging in October 2006 when Deutsche Bank was negotiating to acquire a 45 percent stake in Aldus Equity, attracted by its blue-chip roster of pension fund clients, including the New York State Common Retirement Fund and two large New Mexico institutional investors. Early that month, four Aldus Equity partners, Richard […]
Guardian Life Insurance Company of America is in the third year of its five-year private equity program, and the limited partner has lots more to spend. The LP’s program calls for it to invest $200 million each year to the asset class. David Turner, managing director and head of private equity, explained that besides having […]
Four More To Play Nice New York Attorney General Andrew Cuomo announced in Sept. 18 that four more private equity firms have pledged to his “Code of Conduct. Access Capital Partners, Falconhead Capital LLC, HM Capital Partners, and Levine Leichtman Capital Partners have pledged not to hire placement agents to help them raise money from […]