manoj.b@eempl.com
Equus Capital Partners, a real estate investment firm, expects to complete marketing for its 11th fund by mid-2019, a source said. Equus Investment Partnership XI LP is seeking $350 million, according to an April 2018 SEC filing. Fund XI has closed on $250 million, clinching a $160 million first close in March, the person said. […]
Sajjad Jaffer is founder and managing partner of Two Six Capital. The San Francisco firm developed a data science platform that supports investment decisions. Two Six said it’s the first PE firm to embed data engineering and data science into its investment strategy. The firm advises many of the largest PE firms. Explain how Two […]
Freeman & Co’s lawsuit against Tony Seto, the fintech banker who was accused of stealing trade secrets from the investment bank, has been dismissed. Parties involved in the lawsuit have settled, said Jonathan Sack, of Sack & Sack, in an emailed response to questions. Sack, who represented Freeman, declined to disclose terms of the agreement. The […]
Collin Roche joined the Chicago buyout shop in 1996. He heads GTCR’s financial services and technology group. How has fintech evolved since GTCR began investing? When GTCR first started investing — this was in the early to mid-1990s … you had a bunch of data processors providing computer outsourcing. In payments, you had credit card processing that […]
Lovell Minnick Partners has officially launched its latest flagship fund. The Radnor, Pennsylvania, private equity firm is seeking $1 billion for Lovell Minnick Equity Partners V LP, a Nov. 21 SEC filing shows. The pool has already raised about $750.4 million, the filing said. Evercore is placement agent. The $1 billion target is a 33 percent jump […]
Business school remains important for candidates looking to get a private equity job, but the industry has become more flexible and the MBA is not the requirement it once was. That was the consensus of executives speaking at the second annual Women Alternatives Career Forum on Nov. 6 in New York. Michelle Creed, a managing director at […]
Tritium Partners, the Austin private equity firm founded by former Austin Ventures executives, is out marketing its second fund. The firm is seeking $375 million for its latest flagship, according to September pension documents from Texas Municipal Retirement System. With Fund II, Tritium is targeting 12 to 14 control transactions, investing $15 million to $50 […]
Ben Savage of Clocktower Technology Ventures, a noted fintech investor, is responsible for Clocktower’s private-market activities. The Santa Monica, California, VC has funded companies such as Embroker, MoneyLion, Currency, CircleUp, Papaya and bread. What fundraising trends are you noticing? Fundraising is always difficult until it’s easy. The thing we continue to hear from LPs in the venture […]
The biggest obstacle for Jim Cooper, who founded Thompson Street Capital Partners in 2000, isn’t the high-priced deal market or fears of a downturn. The hardest thing for Cooper right now is that he’s just not very popular at his own firm. Cooper, 62, has lived through downturns, including the 2008 financial crisis and the […]
Chris Williams, the Twin Brook Capital Partners’ co-founder who is out on indefinite leave, has gotten into the car wash business. Williams invested in Four Seasons Power Wash, according to sources and a Facebook post. An investor group that includes “business leaders from several central Illinois communities” launched Four Seasons, of Sterling, Illinois, the post […]