Fundraising

Firm: Searchlight Capital Partners Fund: Searchlight Capital II, L.P. Target: $1.5 bln Hard cap: $1.8 bln Amount Raised: $1.9 bln Placement Agent: Park Hill Group Searchlight Capital Partners is set to close its second fund on its increased cap of $1.9 billion, according to two people with knowledge of the fundraising. The close could happen […]

Firm: The Carlyle Group Fund: Carlyle Asia Structured Credit Opportunities Fund Target: Up to $1 bln Amount Raised: $235.6 mln The Carlyle Group is targeting $1 billion for direct lending investments in Asia, according to a limited partner who has heard the fund pitch. The fund, Carlyle Asia Structured Credit Opportunities Fund, raised about one-third of […]

KKR, Apollo portfolio companies could benefit Marblegate exec flags “backroom lobbying efforts” Caesars, Educations Management debt under scrutiny A battle between private equity investors and minority bondholders has spilled onto the marbled floor of the U.S. Capitol. On one side are sponsors such as Apollo Global Management, Kohlberg Kravis Roberts & Co and TPG Capital. On the […]

Offers LPs choice of deal-by-deal or European style waterfall Eyes $7 bln to $8 bln target for Fund IX Not clear when fund will officially launch Apax Partners, which is talking to limited partners about raising $7 billion to $8 billion for its next flagship fund, plans to offer a choice of carried interest plans designed […]

Seven execs have left in 2015 Co-founder Thomas Klimmeck replaced as head of origination Madison Capital remains top bookrunner for lower mid-market A management shift at Madison Capital Funding LLC has spurred the departure of several executives with more expected to leave in coming months, according to five sources, including several middle-market executives. Madison Capital recently installed a new crop of leaders […]

Firm: Bernhard Capital Partners Fund: BCP Energy Services Fund Target: $750 mln Placement Agent: Atlantic-Pacific Capital Bernhard Capital Partners is approaching the $750 million target for its debut fund that will focus on investments in oil and gas-related service companies, according to a person with knowledge of the fundraising. Bernhard, formed by senior executives from […]

Firm: Lion Capital Fund: Lion Capital Fund IV LP Target: $2.5 bln Hard Cap: $3 bin Amount Raised: $1 bln-plus Placement Agent: Mercury Capital Lion Capital, the consumer-focused firm based in London, is holding a close on its fourth buyout fund in December with more than $1 billion, according to a source. Fund IV is […]

Fund III to close on $3 bln hard cap Fundraising launched in May Bain gave LPs carry/fee options Bain Capital, which sees Asia as a “dynamic and attractive” region for investing, is preparing to close its third Asia fund at its $3 billion hard cap, according to a limited partner with knowledge of the fund. […]

Firm: TC Growth Partners Fund: TC Growth Partners I LP Target: $300 mln Amount raised: $200 mln TC Growth Partners is nearing a $200 million interim close for its inaugural growth equity fund after an amicable spinoff from venture firm Trident Capital, according to a source familiar with the firm. The Palo Alto, Calif-based firm […]

Shamoil Shipchandler based in Fort Worth office Former federal prosecutor heads up examinations District includes Texas, Oklahoma, Arkansas Shamoil Shipchandler, recently named regional director of the Securities and Exchange Commission based in Texas, has an interesting philosophy when it comes to how GPs treat LPs: “We’re not here to protect you from bad decisions, but […]