Fundraising

Scott Ross holds first close for debut fund Worked at Apollo, Goldman Sachs Firm to invest in common stock; private companies Ex-Apollo Global Management partner Scott Ross held a first close on his debut fund, which invests in public equities as well as privately held companies, according to people familiar with the New York firm, Hill Path Capital. […]

Final close comes in 8.5 pct greater than $750 mln hard cap New Jersey, Rhode Island among Fund II LPs Tenex splitting GP commitment between cash, management-fee waiver Tenex Capital Management closed its second flagship fund on $814 million, according to the firm. Tenex began marketing the fund to a small group of limited partners last […]

Firm schedules final close for no later than Q2 Fund VIII targeting $2.5 bln Firm changes name to L Catterton after Louis Vuitton parent buys stake L Catterton will hold a first close on its new flagship fund this month, according to a Portfolio Advisors memo. The firm scheduled a final close for no later than […]

Firm: Wise SGR Fund: Wisequity IV Hard Cap: 215 mln euros ($220.3 mln) Amount raised:  215 mln euros ($220.3 mln) Placement Agent: Rede Partners Law firm: Proskauer, international legal counsel Wise SGR drew commitments from limited partners in the U.S. for the first time as the Milan-based buyout firm in less than six months wrapped […]

Florida-based firm backs GPs facing turnover, performance issues Waits to commit until after fund is partially deployed “We love the unloved,” says co-founder Eric Fishman Omaha Beach Capital is raising $30 million to invest in the funds of “unloved” general partners and is 80 percent on the way to the target, co-founder Eric Fishman told […]

For limited partners, distributions from global buyout firms outpaced draw-downs by nearly $170 million in 20152014, a little less than the nearly $183 million differential the year before, according to PitchBook.

Despite my best intentions to get to the bottom of every story, I’ve recently run into a handful of private equity funds whose strategies and capital sources remain unfathomable. My calls and research led to some tantalizing tidbits but incomplete narratives. Pantheon Ventures manages $400 million for two mystery investors Pantheon Ventures, the London fund-of-funds manager with $32 billion in assets under management, filed Form Ds with […]

Vista Foundation Fund III targets $2 bln Second small-cap fund raised $1.1 bln in 2013 Vista is in market with three funds Vista Equity Partners has set a $2.5 billion cap on its third small-market fund, which is targeting $2 billion, according to a limited partner who has heard the pitch. Vista’s Foundation Fund III […]

Special Credit Partners III core fund targets $1.5 bln Reserve fund targets $3.5 bln Reserve fund to be activated only if opportunities arise Centerbridge Partners is in market with its third distressed debt fund that will put a bulk of capital in reserve to spend if the market spirals downward, according to a limited partner […]

Hi-Crush stock trading around $4 down from $69 in 2014 Moody’s downgrade covers $200 mln of debt Analyst sees deterioration in energy sector credit Hi-Crush Partners, an Avista Capital-backed provider of sand used for fracking, absorbed a debt downgrade from Moody’s amid uncertainty about liquidity levels in the energy sector. The downgrade comes as the company’s customers […]