piotrk
A number of buyout firms may be candidates Strategics, too, could show interest in brand Multi-billion auction could take a year There’s only one glass slipper, and a whole lot of pumpkins and lonely rides home. That’s the likely story to come out of the Cole Haan auction. Private equity firms should expect to take […]
Firm: Bregal Investments Fund: Bregal Sagemount Target: $500 million Gene Yoon, a Goldman Sachs veteran, has been named to lead Bregal Sagemount, a single-LP private equity firm with $500 million to put to use and a rather broad mandate, sister Web site peHub reported. Yoon, his partners and Bregal Sagemount will pursue not only conventional […]
Firm: TowerBrook Capital Partners Fund: TowerBrook Investors IV LP Target: $3 billion Placement Agent: Legal Counsel: Just four years after raising a mega-sized $2.8 billion third fund, TowerBrook Capital Partners is working on Fund IV, with a goal of closing a fund of up to $3 billion, two sources told sister Web site peHub. The […]
Mid-market more crowded Sponsor-to-sponsor active Tracking the pace of fresh capital The management consulting firm Bain & Co. released its 2012 Global Private Equity report this month, and sister Web site peHUB was provided a copy. We’re publishing a brief summary of the report, which can also be found by subscribing to the peHUB Wire. […]
The California Public Employees’ Retirement System didn’t want them. Secondary firms didn’t buy them. And so they’ve been banished to what the nation’s largest public pension fund calls its “Vista Portfolio”—a place where fund interests get managed “toward liquidation,” in the pension fund’s own phrase. You can find the Vista Portfolio on the CalPERS Alternative […]
Pension: Pennsylvania State Employees’ Retirement System PE Assets: $6 billion Overall Assets: $26 billion Chief Investment Officer: Anthony Clark It has been a challenging time at the $26 billion Pennsylvania State Employees’ Retirement System. The fund faces increasing obligations to pensioners, it is over-allocated to private equity, and it has lost several members of its […]
A former venture capitalist is being charged with breaching his fiduciary duty and “usurping” his ex-employer’s funds to launch a separate investment vehicle that invested in TicketsNow, the online secondary market ticket exchange, according to an SEC complaint reviewed by sister Web site peHub. In 2006, according to the civil complaint, Matthew Crisp, was then […]
Firm: Genstar Capital Partners Fund: Genstar Capital Partners VI LP Target: $1.5 billion Amount raised: $600 million Placement agent: Park Hill Group Genstar Capital Partners has taken a slight detour on the way to closing its sixth fund. Genstar, which was reported to have had a first close in August on Genstar Capital Partners VI […]
Incline Partners, the LBO shop that was previously an affiliate of PNC, the Pittsburgh bank, is raising a fund with a $300 million target and will soon hold its first close, having reeled in about $100 million of its target, sister Web site peHUB has confirmed with multiple sources. Sixpoint Partners, the bi-coastal placement agent, […]
Private equity firm Elevation Partners plans to raise a new seed stage fund, sister Web site peHub has learned. As peHub previously reported, Elevation Partners co-founder Roger McNamee said in a speech in late June that his firm would start to make seed stage investments. A source with knowledge of Elevation’s plans told peHub that […]