manoj.b@eempl.com

Private equity fundraising has hit a fever pitch. Some 1,630 funds worldwide are in the market trying to raise $488 billion, according to Preqin, which provides data and intelligence to the alternative assets industry. The current total is greater than the prior peak set in 2008, when 974 funds sought $482 billion, Preqin said. Globally, 1,061 funds closed […]

A management shift at Madison Capital Funding LLC has spurred the departure of several executives with more expected to leave in coming months, according to five sources, including several middle-market executives. Madison Capital recently installed a new crop of leaders as it navigates a drop in leverage loan volume. The middle-market lender has lost at least seven executives, including three senior […]

Nearly one-third, or 31 percent, of GPs admitted their portfolio companies had been hacked in the last three years, according to a report from IAG UK. Roughly two-thirds, or 69 percent, of private equity executives said their companies had not suffered a data breach during the time period. Fifteen percent of GPs said at least […]

Faraaz Kamran has left Madison Capital Funding LLC after more than eight years. The managing director and head of Madison Capital’s healthcare leverage finance team “is no longer with Madison Capital Funding,” according to an automated email reply. Messages were referred to Adam Willis, a Madison Capital director. Kamran left Madison Capital on Monday, November 10, […]

LPs unrealistically expect GPs to produce high returns. That’s according to a survey of investors and GPs conducted by Palico SAS, which operates an online marketplace for the PE fund community. More than half, or 55 percent, of GPs questioned think LPs are overly optimistic. In addition, nearly two-thirds, or 71 percent, of investors also believe […]

Silver Lake and Warburg Pincus stand to nearly triple their investment with the sale of Interactive Data Corp, according to a source. On Monday, the Intercontinental Exchange (ICE) said it would buy IDC for $5.2 billion. IDC shareholders will receive $3.65 billion in cash and $1.55 million in ICE shares. As previously reported, ICE, along with Markit Group, submitted final bids for IDC. Nasdaq, which had […]

Family, friends and colleagues will gather Friday to celebrate the life of Richard Rainwater, who has been described as the “godfather of private equity.” Rainwater passed away on September 27, 2015, in his home in Fort Worth, Texas, according to a statement from the Rainwater Charitable Foundation. He was 71. For the past six years, Rainwater has suffered […]

Petco Holdings Inc., which is owned by TPG and Leonard Green & Partners, is considering all of its options as it searches for a buyer.

Ken Hanau has left 3i Group after nine years to join Bain Capital.

The auction of Alerian Capital Management has run into some bumps, two sources said.