Fundraising

The print version of the latest Buyouts will arrive in subscribers’ mailboxes on Monday, November 23. If you want to read it early, just click on the following link to see the digital edition: Buyouts, November 23, 2015 – Digital Edition 

Blackstone targeting 7 bln euros Fund V offers three month fee break for first close investors $500 mln commitments to receive significant management fee discount Blackstone Group is marketing its fifth European real estate fund with a 7 billion euros ($7.5 billion) target, according to San Francisco Employees’ Retirement System documents. The firm has not set a […]

Without new fund, firms lack incentive to keep interests aligned Alignment “falls apart” in zombie funds, says SEC panelist Panelists cite Fenway Partners as example Private equity firms are more likely to deviate from their contracts with limited partners when they do not plan to raise a new fund, said panelists at a November industry […]

Firm buys Mikawaya, Covercraft, Better Life Technology Guy Zaczepinski promoted to managing partner Some LPs exited Fund II last year in secondary deal Century Park Capital Partners is talking to LPs about launching its third middle-market buyout fund on the heels of four quick acquisitions and last year’s recapitalization of Fund II, according to a market […]

Next-generation secondaries program could total $6 bln to $7 bln Targets around $2 bln for commingled Fund VI Big contribution to come from Dutch pensions A major secondaries buyer is back in the market raising a pool expected to total $6 billion to $7 billion. AlpInvest Partners, owned by Carlyle Group, is in the market raising AlpInvest Secondaries Fund […]

Timing coincides with greater regulation of private equity SEC enforcement, examination divisions collaborating more “Minor deficiencies” now subject for enforcement, say panelists The SEC became aggressive after the global financial crisis and the Bernie Madoff scandal at around the same time private equity came under the agency’s scrutiny. For GPs, this meant the SEC’s examinations and enforcement […]

Having corporate social responsibility policies can help buyout firms stand out from the pack and appeal to potential investors who make this issue a priority. Three out of 10 North American buyout firms surveyed earlier this year have adopted a corporate social responsibility policy. That is up from 23.4 percent in a similar survey taken […]

The adoption of environmental, social and governance policies appears to be gaining steam among North American buyout firms. More than one in four North American buyout funds (26.7 percent) in our most recent survey of partnership terms say they have ESG policies. That is up from 19.1 percent when we last conducted a similar survey […]

Permira eyes 6 bln – 7 bln euros for Fund VI Expects to launch fundraising in first quarter Fund V over 60 pct deployed Permira plans to bring its sixth flagship fund to market in the first quarter targeting up to 6 billion euros ($6.4 billion) with a 7 billion euros hard cap, according to […]

Firm: Audax Group Fund: Audax Private Equity Fund V Target: $1.75 bln Amount raised: $2.25 bln Audax Group wrapped up fundraising for its fifth private equity fund with $2.25 billion in commitments, above its target, as the Boston-based buyout shop founded in 1999 continued a brisk pace of deal-making. Fund V drew in $1 billion more […]