Steve Gelsi
Riverstone Holdings LLC is in no hurry to exit its investment in Pattern Energy Group Inc, the first major, pure-play wind energy specialist to go public in the history of the U.S. stock market, the chief executive of the San Francisco-based power generator told Buyouts.
Platinum Equity Capital Partners LP, the vintage 2004 domestic distressed and turnaround fund, logged an IRR of 60 percent as of Sept. 30, 2012, according to data from the Pennsylvania Public School Employees’ Retirement System. It’s ranked as the top-performing fund from that vintage year, according to a survey by Buyouts. Mark Barnhill, a partner at the firm, spoke about Platinum Equity’s performance.
Tech M&A continues to pick up steam among buyout shops as the way to riches. But loftier valuations are causing sponsors to turn more frequently to carve-outs, turnarounds and the creation of platforms for buy-and-builds.
Heavy hitters from the world of private equity said the U.S. Federal Reserve’s expected decision to start paring back its quantitative easing program poses challenges, after jitters about the move roiled debt markets earlier this year.
Kohlberg Kravis Roberts & Co raised $4.7 billion for its private equity vehicles in the third quarter as it continues work on four funds, with plans for at least two new funds underway.
The Rhode Island State Investment Commission unanimously voted to divest positions in private equity funds with stakes in a gun distributor as the firearms trade continues to draw controversy in the wake of the Newtown Square deaths and other gun-related violence.
The San Francisco Employees’ Retirement System OK’d $115 million in commitments to funds from buyout shop GTCR LLC and real estate investor CIM Opportunities in the $15.3 billion pension fund’s latest move into alternative investments.
GTCR XI Fund receiving commitment of up to $50M SFERS pledges up to $65M for CIM Opportunities Fund VIII Fund switching consulting firms for private equity funds The San Francisco Employees’ Retirement System OK’d $115 million in commitments to funds from buyout shop GTCR LLC and real estate investor CIM Opportunities in the $15.3 billion […]
AlpInvest Partners, the fund-of-funds unit of the Carlyle Solutions platform, hit its $750 million hard cap in commitments for AlpInvest Secondaries Fund V, part of its overall secondaries program that has drawn $4.2 billion, a peak for the program.
Firm: AlpInvest Partners Fund: AlpInvest Secondaries Fund V Target: $500M Amount Raised: $750M AlpInvest Secondaries Program: $4.2B AlpInvest Partners, the fund-of-funds unit of the Carlyle Solutions platform, hit its $750 million hard cap in commitments for AlpInvest Secondaries Fund V, part of its overall secondaries program that has drawn $4.2 billion, a peak for the […]