Firms and Funds

U.S. private equity firm TPG Capital has offered concessions to its clients, some of whom are strapped to fund about $20 billion of commitments raised earlier this year, the Wall Street Journal said. The buyout giant will allow clients to reduce their pledges by as much as 10 percent, or a total of $2 billion, […]

(Reuters) – Dutch private equity investor AlpInvest plans to increase its holdings of distressed companies because the assets offer potentially attractive returns, AlpInvest managing partner Wim Borgdorff told a Dutch paper on Tuesday. AlpInvest has 75 to 80 percent of its funds, which total more than 40 billion euros ($56 billion), invested in leveraged buy-outs […]

Huntington Capital a San Diego-based private equity firm, has closed on $78 million for its second mezzanine fund. The target size for Fund II is $100 million, with the first round of funding completed in May 2008. The firm anticipates a final close in early 2009. Press Release: Huntington Capital Fund II, LP (“Huntington” or […]

Swiss alternative assets manager Partners Group has raised US$1.1bn for its Asia-Pacific program. The fundraising surpassed the US$1bn target set. Partners said that the programme will combine investing in primary funds with secondary transactions and direct investments alongside local partners. Partners said the Asia-Pacific region has high barriers to entry for investors but through its […]

NEW YORK (Reuters) – Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) is slashing bonuses for senior level partners by 80 percent and capping the cash component of their payouts to $220,000, people familiar with the situation said, days after the bank announced its first quarterly loss in a decade. Earlier this week Goldman reported […]

Pantheon Ventures is raising upwards of $4.75 billion for its fourth global secondaries fund, according to a regulatory filing. www.pantheonventures.com

NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co told investors at a recent meeting that 70 percent of its private equity portfolio was performing on or above target, according to a source who attended the meeting.  KKR executives made the comments at a meeting for investors at a New York hotel a […]

Kingman Capital has launched as a Chicago-based private equity firm focused on opportunities in the middle markets. It is being run by Keith Konesman, who has previously held positions with Merrill Lynch, Dresner Partners, Divine Interventures and Banc of America Securities.

DMC Capital Funding has launched to offer growth capital to companies with between $20 million and $200 million in annual revenue.

NEW YORK (Reuters) – California Public Employees’ Retirement System, the nation’s largest pension fund, also known as Calpers, is set to name a new chief executive as early as this week, the Wall Street Journal reported in its online version on Tuesday.   Calpers, which has about $182 billion under management, has been without a […]