Chris Witkowsky
Advent International is set this month to launch its sixth Latin American investment vehicle with a $2 billion target, sources said.
It’s an LP world; GPs just live in it.
Some GPs—especially new shops that are raising debut funds—are offering zero percent management fees with 20 to 30 percent rates of carried interest, according to Prakash Mehta, partner and co-head of the investment management practices at the law firm Akin Gump Strauss Hauer & Feld.
Quantum Energy Partners is back in the market targeting $2.5 billion for its sixth energy-focused private equity fund, according to two people who have heard the firm’s fundraising pitch.
Long-time limited partner Carmen Gigliotti, managing director of the private markets group at DuPont Capital Management, is stepping down from his role this summer but will remain active on the investment committee.
Earlier this month, Ardian (the former AXA Private Equity) revealed it was the buyer in one of the biggest private equity secondary deals of the year—acquiring a private equity portfolio valued at about $1.3 billion from GE Capital.
The Carlyle Group has hired Curtis Johnson as a managing director in the firm’s Solutions Group, which houses fund-of-funds operations in private equity, real estate and hedge funds.
Patria Investimentos, backed by The Blackstone Group, is aiming for a first close on its fifth private equity fund this month as fundraising for Brazilian private equity is expected to heat up, according to two people with knowledge of the fundraising.
Carlyle Group-backed NGP Energy Capital Management is in the market targeting $4.5 billion for its 11th fund, according to a limited partner who has heard the firm’s pitch.
Andrew Kripke, a former executive at Caspian Private Equity, has joined the Abu Dhabi Investment Authority as a portfolio manager in the U.S. fund investments business, an ADIA representative confirmed.
Riverwood Capital has raised about $1 billion for its second fund, already hitting its target as the firm now eyes its $1.25 billion hard cap, according to three people with knowledge of the situation.