Steve Bills
As premier buyout firms take more prominent positions on issues such as the environment and good governance, they are boosting the likelihood that smaller firms will follow suit, said Andrew Malk, the managing partner of consulting firm Malk Sustainability Partners.
Another buyouts executive has sued his former employer, in this case seeking severance pay after being let go for allegedly not being willing to sign an employment contract that would limit his options after leaving the firm.
The BDC industry is likely to continue to expand as banks shift away from risky cash-flow loans, and non-traded BDCs are planning to capture a growing share of that expansion, says Robert K. Grunewald, the chief investment officer of non-traded Business Development Corporation of America.
Mezzanine financing may be under pressure amid competition from cheaper sources of loans, but that hasn’t stopped Crescent Capital Group from raising one of the biggest funds in recent memory dedicated to the junior capital class.
Onex Corp, the publicly traded Canadian buyouts investor, is downsizing slightly for its latest vehicle.
The Oklahoma Police Pension & Retirement System has quietly made a return to private equity.
The nation’s publicly traded private equity firms generally posted strong growth in earnings and fee-earning assets in the second quarter, boosted by markups in their portfolio assets and by strong exits from some holdings.
With Europe’s economy continuing to struggle and lenders on the Continent constrained in lending for deals, specialty finance company Crystal Financial sees an opportunity, according to Colin P. Cross, a senior managing director at the Boston-based lender.
It looks like we can add Sentinel Capital Partners to the “have” side of the balance sheet. The New York-based buyout shop announced the first and final closing of Sentinel Capital Partners V LP at the fund’s $1.3 billion hard cap.
Leveraged lender NXT Capital LLC has raised $283 million for a new loan fund earmarked to finance sponsor-backed deals.