Fundraising

Firm wraps up fourth infrastructure fund at $2.9 bln Taking aim at U.S. for the first time Eyes midstream oil assets as prices fall Ardian plans to make its first infrastructure investments in the U.S. after wrapping fundraising for its fourth infrastructure fund, an executive at the Paris-based firm said. About 20 percent of the $2.9 […]

True Wind collects more than $200 mln Targets $400 mln for debut fund Terms are 2 and 20 True Wind Capital, a tech-focused firm launched by two former Kohlberg Kravis Roberts executives, has raised more than $200 million of the $400 million it seeks for its debut fund, according to two limited partners with knowledge of the […]

Tennenbaum closes special situations fund on $730 mln Held an interim close on $307 mln a year ago Fund will target challenging situations Tennenbaum Capital Partners, a credit-focused shop that keeps a low profile, closed a special situations fund on $730 million in December, according to a limited partner with knowledge of the fundraising. Tennenbaum […]

Louisiana Teachers’ commits up to $100 mln Firm has $1.95 bln circled Kelso increased GP commitment from $500 mln to $625 mln Kelso & Company plans to hold a final close at or around its $2.5 billion target for its ninth fund at the end of March, a market source said. To date, the firm has […]

Wants to maintain the “joint employer” legal standard for mid-sized companies Aims to preserve the capital-gains tax treatment for carried interest Wants to maintain the deductibility of interest on corporate debt With New Year’s resolutions in the books, now is the time to start making good on them. Gary LaBranche, president and CEO of the Association for […]

Blackstone’s secondary group takes 20 pct stake in Wazee Street IV Wazee Street IV targets $200 mln Fund features European-style waterfall distribution structure Blackstone Group’s secondaries unit has made an anchor investment in a new distressed debt fund being raised by Wazee Street Capital Management, according to a source familiar with the deal. Blackstone’s Strategic Partners Group, […]

LPs seek exits for maturing assets Secondary players ramp up efforts GPs urged to share portfolio company When private equity funds grow up, they more rarely move out of the house. As the asset class matures, fund duration has been creeping up, according to industry players. For LPs and GPs, this market dynamic offers an […]

Bridge Growth raises $311 mln through January Tech and financial services specialist targeting $500 mln Firm completes two deals in 2015 Bridge Growth Partners raised around $311 million for its debut fund, according to a pair of SEC filings.  The New York-based firm set a $500 million target for its debut, said one limited partner […]

Year founded: 1974 Investment strategy: Buyouts Key executives: Anthony DiNovi, Scott Sperling Office location: Boston Fundraising status: Raising Thomas H. Lee Equity Fund VII Web address: www.thl.com Thomas H. Lee Partners raised more than $2 billion toward a $3 billion target for its seventh flagship fund through mid-December, sources said.  The Boston-based firm plans to […]

The $1.3 billion, vintage 2012 Thoma Bravo Fund X from Thoma Bravo had a net internal rate of return of 34.2 percent as of September 30, according to an investor who asked not to be named. That IRR well above the 14.8 percent top-quartile threshold for U.S. private equity funds of the same vintage, and […]