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Lovell Minnick Partners, which just unveiled its newest crop of leaders, will return to market this year with its latest flagship, three sources said. The Radnor, Pennsylvania, private equity firm is expected to seek $1 billion with its fifth PE fund, the people said. The target is a 33 percent jump from Lovell’s fourth institutional fund, which closed […]
AUA Private Equity Partners, the buyout shop founded by Goya family member Andy Unanue, will return to market soon with its second fund, according to three sources. The New York lower-middle-market firm is seeking $300 million for Fund II, two of the people said. A hard cap has not been set, one source said. Probitas […]
Madison Capital Funding, one of the largest mid-market lenders, finalized its succession in a plan that will see the departure of the last of its co-founders. The Chicago firm said Monday that CEO Hugh Wade would become chairman effective June 30. He will remain in that position until he retires in December, the firm said. Chris Taylor, […]
Near 20 years after its founding, Lovell Minnick Partners set out the next phase of its expansion. The Radnor, Pennsylvania, private equity firm said Jan. 18 that it named Steven Pierson and Robert Belke managing partners with day-to-day oversight of the firm, including finance, operations and investor relations. Pierson is heading the firm’s newly created management committee, […]
Randall Whitestone, the personable spokesman of Carlyle Group, has left the global buyout shop after six years. Whitestone last day at Carlyle was Dec. 31, according to Whitestone’s boss, Chris Ullman. “Randy has decided to move on to seek new challenges,” Ullman said in a statement. “We greatly value his many contributions to Carlyle, and we […]
Michael Ewald joined Bain Capital Credit in 1998. He is a managing director and global head of the private credit group. He is a portfolio manager for the middle-market credit and senior direct lending strategies. He also serves as president and CEO of Bain Capital Specialty Finance, a registered business development company. Discuss the BDC. We […]
Mark Burgett, a longtime Wind Point Partners managing director, has left the private equity firm after more than 14 years. Burgett quietly exited Wind Point a couple of months ago, two sources said. Ron Liberman, a Wind Point spokesman, said Burgett left the buyout shop in the “last few months.” He declined to be more specific. Burgett’s LinkedIn profile still […]
The SEC officially charged Mohammed Ali Rashid, a former senior partner at Apollo Global Management, with defrauding his fund clients by secretly billing them for about $290,000 in personal expenditures from 2010 to 2013. The regulator claims that Rashid, 41, illegally billed his clients for expenses, which included a five-night stay at the Ritz Carlton for […]
David Schuppan, who left Cressey & Co after nearly 18 years, has landed at Vistria Group. Schuppan in September joined Vistria, where he is a partner, his LinkedIn profile said. Vistria is a Chicago middle-market PE firm focused on deals in education, healthcare and financial services. Schuppan, responding to Buyouts’ questions, said he has known certain […]
Brett Hinton has left THL Credit, the credit affiliate of Thomas H. Lee Partners, after more than two years. Hinton joined Carlyle Group, spokesman Randall Whitestone said in an emailed response to questions. A spokesman for THL Credit confirmed Hinton had left the firm. Hinton started at Carlyle on Sept. 5 and is a managing director, Whitestone […]