Fundraising

Clayton Dubilier & Rice is considering adding a new focus to its investment strategy: tech investments.

The Blackstone Group has not yet made an investment from its second energy fund, but it is poised to hit the sector hard that has been badly shaken by the collapse of oil prices.

As alternative fund managers face challenges from competitors, regulators and investors, the boards of private equity and hedge funds have been addressing governance issues in a variety of ways, according to a benchmarking survey by PwC’s alternatives unit. The survey of 42 firms was conducted by PwC’s Kristin Francisco, Mike Greenstein and Liz Pelan. It found that […]

Firm: Genstar Capital Year founded: 1988 Investment strategy: Middle-market buyouts in healthcare, software, financial services and industrial technology Key executives: Jean-Pierre “JP” Conte, managing director and chairman; Ryan Clark, managing director and president; Managing Directors Robert Weltman, Anthony Salewski, Rob Rutledge, Eli Weiss Office location: San Francisco Total commitments in all funds: $5 bln Fundraising status: Closed Genstar Capital Partners VII at […]

Sovereign wealth funds are an increasingly important funding source for Blackstone Group, even those that have been hammered by the collapse of oil prices, Chief Executive Officer Steve Schwarzman said during the firm’s third quarter earnings call last week.

Turner moving over to Barclays in October Joined Nomura in 2013 Turner had worked as managing director at Barclays Christopher Turner is rejoining the sponsor banking team at Barclays in October less than two years after he left the bank to take a job at Nomura Securities, a Barclays spokesman confirmed. Turner joined Nomura in […]

With more GPs striking out on their own, LPs face the daunting task of evaluating deal-makers’ track records. In private equity, success has many fathers, while failure is an orphan. That’s how one GP described the challenging art of portraying and confirming track record when landing a new job, spinning out a new firm or […]

GPs avoiding income tax on management fees Industry group says IRS doesn’t have power to change rule Four key Democratic senators support IRS move Private equity firms are lining up to fight a new regulation proposed by the Internal Revenue Service to stem the use of waivers that allow income from management fees to be taxed at […]

NSSK headed up by Jun Tsusaka, TPG veteran Two other ex-TPG execs on senior NSSK  team Firm closed two deals in less than a yea Tokyo-based NSSK, founded by TPG veterans, is preparing a formal fundraising effort for a $500 million debut fund later this year, according to a source. NSSK, which stands for Nippon Sangyo Suishin Kiko, is […]

Terms of settlements not disclosed Riverside Co “excited to be moving forward” VSS had withheld compensation from trio Veronis Suhler Stevenson has ended a legal battle over the departure of three credit-focused executives who joined rival Riverside Co to launch a credit business. VSS agreed to dismiss two suits with prejudice and without costs, according to […]