Brad Meikle
RedBird Capital Partners, a new investment fund managed by former Goldman Sachs and BDT Capital Partners executive Gerald Cardinale, picked up $500 million from a single investor, according to a Form D filed with the U.S. Securities and Exchange Commission on Oct. 28. The filing did not name the investor.
The New York State Teachers’ Retirement System has finalized roughly $350 million of commitments across four private equity funds in August and September, indicating an appetite for both European and U.S. buyout funds, according to October 29-30 meeting materials.
Buyout group Advent International has sold a unit of its German books-to-cosmetics retailer Douglas to rival private equity firm 3i, making headway in a revamp ahead of a planned exit from the investment, according to Reuters news service.
Alternative investment management group Oaktree Capital Management LP has purchased Hess Corp’s share of proprietary energy trader HETCO, and will inject $500 million to fund the New York-based outfit’s expansion into new commodity markets, according to Reuters news service.
The Blackstone Group, the world’s largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, people familiar with the matter told Reuters news service.
Warburg Pincus LLC said on Monday, Oct. 27 that it had raised $4 billion for its first energy-focused private equity fund, exceeding its $3 billion target and making it the latest investment firm looking to tap into opportunities in North America’s shale gas boom, according to Reuters news service.
Gauge Capital LLC has wrapped up a debut mid-market buyout fund at $250 million, a sum earmarked for investments in health care services, business services, consumer services and food services.
PRIVATE EQUITY FIRMS Allstate Investments has hired Russell K. Mayerfeld as a senior managing director and promoted Peter Keehn to managing director of private equity investing. Mayerfeld is the former managing director of investment banking at UBS and its predecessors while Keehn first joined Allstate in 2003 a director to head the company’s then $450 […]
Providence Equity Partners LLC is in discussions with TPG Capital LP to acquire a majority stake in RentPath Inc, a real estate listings company known for its Apartment Guide and Rent.com websites, people familiar with the matter told Reuters news service.
Armored AutoGroup Inc is exploring an initial public offering that could value the maker of car care products at more than $1.5 billion, including debt, people familiar with the matter told Reuters news service.