Fundraising

Nashville firm’s Fund VI is a $160 mln in 2009 vintage New generation of managing directors lead Gen Cap’s investment team Fund VI netting 16 pct IRR with 1.4x multiple through Sept. 30 Lower-middle-market specialist Gen Cap America is marketing its first fund in six years, according to an SEC filing and Rhode Island State […]

CVC Capital Partners and New Jersey’s state pension will continue their relationship, despite a hiccup around a political-contribution violation. A managing partner at the firm, Christopher Stadler, who runs CVC’s private-equity activities in North America, inadvertently violated New Jersey State Investment Council’s rules on campaign contributions last year. Stadler, whose name is misspelled in state […]

Hycroft, a three-year-old New York investment bank serving both general partners and limited partners, has splashed into the principal investment business, launching a fund earmarked to purchase minority stakes in the management companies of mid-market buyout shops. Hycroft Capital LP set sail with a $750 million target in January, according to a source familiar with the fund. The effort is still […]

Last year saw GPs commit the most money to their own funds, on a percentage basis, since 2009.  Over time the percentage tends to rise as partners gain more wealth from previous investments.

Firm: Blackstone Group Fund: Blackstone Real Estate Debt Strategies III LP Target: $4 bln-plus Amount raised: $2.1 bln Blackstone Group’s third real estate debt strategies fund disclosed more than $2 billion in commitments from 40 LPs for investments in mezzanine and structured loans, with Pennsylvania Public School Employees’ Retirement System as an early backer. PSERS […]

MBF Healthcare Fund II seeks $300 mln to $500 mln: source Fund I raised $250 mln in 2005 At least 51 pct of MBF Fund II will come from GP: source MBF Healthcare Partners is seeking $300 million to $500 million with its second fund, according to a source familiar with the situation. That’s as […]

New York lawmakers target carried interest California lawmakers consider mandatory disclosure of fees Activists target multi-state approach to regulate PE industry Regulation of the private equity industry is turning into a local fight. In recent weeks, state lawmakers in California and New York drafted bills to address fee transparency and the tax treatment of carried interest. […]

32 pct increase from Fund III’s $950 mln close Fund IV to invest in mid-market financial-services businesses Lightyear acquired AIG subsidiary in January Lightyear Capital set a $1.25 billion hard cap for its latest flagship buyout fund, a source with knowledge of the fund told Buyouts. Lightyear Fund IV’s hard cap represents a 32 percent increase from […]

GSO targets $6 bln for third mezzanine fund Eyes first close in April No hard cap yet GSO Capital Partners is in the market, targeting $6 billion for its third mezzanine fund, according to two people with knowledge of the firm. GSO, an affiliate of Blackstone Group, is targeting April for a first closing on […]

Firm: Fort Washington Capital Partners Fund: Fort Washington Private Equity Investors IX LP Target: $300 mln Fort Washington Capital Partners Group, the private-equity unit of Western & Southern Financial Group, set a fundraising goal of $300 million for its ninth fund-of-funds, in line with its predecessor, according to filings. The firm said it prefers niche […]