Fundraising

Smith: “Make them overpay” Vista invests more in product development than Lockheed, Smith says Software specialist nets top-quartile returns Vista Equity Partners is sick of “tourist” generalist funds crowding into the enterprise software sector, and the firm is not afraid to price them out of the market. In a December 2 keynote talk at PartnerConnect […]

One of the wish-list items held dear by most limited partners is for GPs to offer European-style waterfall distribution models on their funds. Traditionally, this has not been something offered by most U.S.-based buyout shops. Instead, they prefer to collect carried interest after each exit (after meeting a return hurdle). That appears to be changing. […]

Antares, Lone Star re-start unitranche loan program Program will provide capital for first-lien unitranche loans of $50 mln to $350 mln Non-syndicated loans may gain favor in face of second-lien woes An Antares Capital executive who oversees the firm’s revamped middle-market lending partnership with Lone Star Funds sees the disruption in credit markets as an opportunity, […]

Chicago firm beats target with first fundraise in seven years Solid returns from Fund VIII fuels demand for Fund IX Founder says firm’s crisis-era funds “as close to ground zero as you can get” Charles Moore had trouble sleeping over the last few years. The Banc Funds Company founder’s voice strains when he describes his firm’s […]

Firm: Altas Partners Fund: Altas Partners Holdings Target: $600 mln Hard Cap: $ 1 bln Amount Raised: $600 mln Placement Agent: Park Hill Group Altas Partners held a second close on about $600 million for its debut fund, which is the amount the fund is targeting, according to a person with knowledge of the firm. […]

Firm: Harvest Capital Fund: Harvest Partners Structured Capital Fund LP Target: $400 mln Amount raised: $243.5 mln Placement Agent: Park Hill Group Harvest Partners drew in $244 million for its first structured capital fund, which makes non-control investments in middle-market companies, about 14 months after the New York firm launched the business, according to a […]

Globally 1,061 funds closed on $550 bln in capital in 2015 Blackstone’s $18 bln flagship was 2015’s biggest U.S.-focused fund KKR’s $10 bln pool is biggest U.S.-focused fund yet to close Private equity fundraising has hit a fever pitch. Some 1,630 funds worldwide are in the market trying to raise $488 billion, according to Preqin, which provides […]

Catterton combines with PE and RE arms of LVMH Group Combined firm will have $12 bln of AUM Catterton still raising growth fund Catterton announced a merger Tuesday with European luxury conglomerate LVMH Group, which is combining its private equity and real estate arms with Catterton. The resulting firm will be known as L Catterton and is expected […]

Firm: DW Healthcare Partners Fund: DW Healthcare Partners IV LP Target: $350 mln Amount raised: At least $194 mln Placement Agent: Credit Suisse DW Healthcare Partners held a first close on $194 million for its fourth fund, which is targeting $350 million for lower-middle-market healthcare deals, according to a public filing and a source. DW Healthcare Partners […]

Denham raising oil and gas fund targeting $2 bln Firm eyes $1 bln for power fund Plans to launch mining fund in Q1 Denham Capital is making some big changes: It has split its business into three distinct areas of focus — oil/gas, mining and power — and is raising three separate funds around the strategies, according […]