Steve Gelsi
ClearPoint Investment Partners, which was founded by veterans of H.I.G. Capital and Arsenal Capital, has been moving toward a first close for its inaugural buyout fund and is targeting $125 million for lower middle-market business services and financial processing firms in North America, according to a source familiar with the firm.
The Oregon Investment Council has OK’ed commitments of $100 million each to LS Power Equity Partners III and Rockpoint Core Plus Real Estate Fund LP for the Oregon Public Employee Retirement Fund in the $65 billion pension system’s latest moves ahead of the Feb. 1 retirement of key executive Jay Fewel.
Pension fund commits $100 Mln to LS Power Equity Partners III Oregon OK’s Rockpoint Core Plus Real Estate Fund investment or $100 Mln Jay Fewel, senior equity investment officer, retiring on Feb. 1 The Oregon Investment Council has OK’ed commitments of $100 million each to LS Power Equity Partners III and Rockpoint Core Plus Real […]
EIG Global Energy Partners held a final close for Energy Fund XVI at $6 billion, as its largest flagship fund yet and its second since spinning out of TCW at the end of 2010, with about $7.5 billion in total demand.
Gryphon Investors has closed its Gryphon Partners 3.5 LP fund with commitments of $365 million, after the San Francisco-based lower middle-market player drummed up interest on the heels of three deals, according to two people familiar with the firm.
EnCap Energy Capital Fund VI LP, the vintage 2006 fund from Dallas-based EnCap Investments LP, rang up an IRR of 25.3 percent, according to the California Teachers’ Retirement System. The performance beats the 11.7 percent threshold for top-quartile funds from that vintage year and comes in well ahead of the median performance of 7.5 percent for the median. David Miller, managing partner and co-founder, EnCap Investments, spoke with Buyouts in a phone interview and via email.
Carlyle Group has closed Carlyle Partners VI at $13 billion, making it the largest U.S.-focused fund in the private equity industry since the 2008 financial crisis, after an 18-month effort that ended about $1 billion oversubscribed.
The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its targeted allocation, with incumbent sponsors expected to receive the bulk of the investments.
Stepping up its exits and acquisition activity while on the fundraising trail, Aurora Capital Group has inked its sixth deal of 2013 with the sale of Porex Corp to Filtration Group at an enterprise value of $500 million, as the Los Angeles-based private equity firm raises capital for its Aurora Resurgence Fund II and mulls plans to market its flagship fund as early as 2014.
TRS to stay with existing roster of managers Texas adds Insight Venture Partners, eyes more growth equity TRS commits $1 bln to two funds by Apollo Global Management The $118 billion Teacher Retirement System of Texas may commit between $2 billion and $3 billion to private equity funds in 2014 in order to maintain its […]