Fundraising

To get a feel for emerging managers in the market, Buyouts did a roundup of debut and sophomore efforts that have been fundraising this year. We then compiled the top 20 by target size. The largest of all the funds from emerging managers was Searchlight Capital’s second fund. Searchlight Capital II LP is almost halfway toward its goal of raising $1.8 billion — […]

While the Global Financial Crisis marked a period of change in the private equity industry, a recent study suggests evolution will accelerate in coming years. In response to changing demand, firms will be forced to restructure business models and approaches, according to the 44-page study, produced by London Business School’s Coller Institute of Private Equity with support from […]

Lender adds team from Salus Capital Partner Monroe CEO sees deals in pipeline Business could grow to hundreds of millions Monroe Capital CEO Ted Koenig said the Chicago-lender may book hundreds of millions in new loans in the next year as it rolls out its new asset-based lending unit for retail and consumer products. “We’re […]

Firm: Altas Partners Fund: Altas Partners Holdings Target: $600 mln Amount Raised: $356 mln Placement Agent: Park Hill Group Altas Partners held a first close on $356 million for its debut fund and will likely hold a second close this year, according to a person with knowledge of the fundraising. The firm, launched by Andrew Sheiner, a former […]

Blackstone, KKR, Carlyle, Apollo eye dislocation in lending markets Energy companies with heavy leverage not faring well Firms hold ample dry powder Executives at the mightiest private equity firms admitted some flummox over choppy credit and energy markets of late, but Apollo Global Management, Blackstone Group, Carlyle Group and Kohlberg Kravis Roberts & Co emphasized they […]

Firm: Pantheon Fund: AMG Pantheon Fund LLC Target: Fund registered to sell $500 mln Pantheon’s new AMG Pantheon Fund marks the manager’s first product built from the ground up for retail investors under the same regulatory regime as publicly traded mutual funds. “It’s intended to be a long-term vehicle for people to come into and let their […]

Kline Hill Partners targets $120 mln for debut fund Sets sights on smallest end of secondary market Founder Mike Bego formerly worked at Willowridge Partners Michael Bego, a long-time partner at Willowridge Partners, has launched his own firm called Kline Hill Partners that will target the “lowest hanging fruit” in a vastly overlooked section of the secondary market. […]

Fenway bypasses management fee offset SEC finds Fenway Consulting services too similar Firm to pay $10.2 mln to impacted LPs Fenway Partners and several of its executives will pay a combined $10.2 million to investors harmed by its failure to disclose payments to an affiliated consulting firm, according to the SEC. The SEC found Fenway “rerouted” […]