Steve Gelsi
Buyouts sat down with Marek Herchel, partner at AlpInvest, to discuss its more than $4.2 billion secondary program, among other topics 1: AlpInvest announced some news on its sizeable secondary program, with more than $4.2 billion. What’s the reason behind this stronger interest in a category? Weren’t secondaries sort of out of favor a few […]
The vintage 2007 Trilantic Capital Partners IV LP fund rang up an IRR of 18.4 percent as of Sept. 30, 2012, according to pension fund data compiled by Buyouts. The performance exceeds the 14.3 percent threshold for a top-quartile fund and the median performance of 8.9 percent.
Bain Capital plans to continue expansion of Bob’s Discount Furniture after the Boston-based private equity firm completes its deal for a majority stake in the retailer in the first quarter for an undisclosed sum.
H.I.G. Capital is capping off a busy year of fundraising with its second middle-market buyout fund with one private equity pro expecting the Miami buyout shop to finish up the effort quickly.
Insight Equity Holdings LLC, the Texas-based mid-market private equity and growth capital firm, has raised $309 million toward a target of $750 million for Insight Equity III LP, according to a Form D filing.
Affinion Group Holdings has named restructuring expert Skip Victor to its board, recruited a new CFO from Madison Square Garden Co and drew a debt downgrade to ‘selective default’ as the Apollo Global Management and General Atlantic-owned marketing firm faces pressure on its domestic membership business.
Charlesbank Capital Partners has exited precision manufacturer Tecomet after boosting the portfolio company’s EBITDA by nearly 3x, with buyer Genstar Capital taking aim at further expansion.
Dry powder abounds. So where is the explosion of deals?
Sun Capital Partners Inc ’s exit of North Carolina-based yarn maker Frontier Spinning Mills to American Securities earned it a return of 4.5x, according to a person familiar with the firm. The deal puts Sun Capital over the $1 billion mark in realizations to LPs for the first time in a single year.
Seeking to boost its holdings in more liquid asset classes, the Municipal Fire & Police Retirement System of Iowa has cut its target allocation to private equity to 15 percent from 20 percent of the $2 billion retirement system.