Steve Gelsi
Insignia Capital Group, a buyout shop led by Friedman Fleischer & Lower co-founder David Lowe, is in the midst of a $350 million effort for a lower- middle-market buyout fund, a source told Buyouts.
Riverstone Holdings LLC’s $7.7 billion Riverstone Global Energy and Power Fund V marks the largest U.S.-based energy buyout pool since the financial crisis. The fund exceeded its target of $6 billion.
Directs $400 Mln to Silver Lake Partners IV Ups pledge to Blackstone’s GSO Commits 75 Mln euros to Germany’s Triton The California Public Employees’ Retirement System recently committed some $900 million to funds managed by Silver Lake, The Blackstone Group’s GSO Capital Partners and Triton Partners. CalPERS pledged $400 million to the $10.3 billion Silver […]
The California Public Employees’ Retirement System recently committed some $900 million to funds managed by Silver Lake, The Blackstone Group’s GSO Capital Partners and Triton Partners.
Joseph Dear, the chief investment officer of the California Public Employees’ Retirement System, has given up some of his daily duties to fight cancer, according to a spokesman for the pension, which is the largest in the United States.
Genstar Capital LLC continues to sift for deals to build out its platform investment in insurance agency Acrisure after the San Francisco-based buyout shop exited rapidly growing broker Confie Seguros in a deal with ABRY Partners late last year.
An estimated two-thirds of buyout-backed tech and health care acquisitions from the go-go year of 2007 are still held in portfolios, making them prime opportunities to exit for financial sponsors with cash-hungry limited partners.
HGGC, the Palo Alto, Calif.-based technology services specialist formerly called Huntsman Gay Global Capital, plans to begin fundraising its second buyout fund in the fall, having recently wrapping up the 28th investment from its 2008 vintage fund with a deal for MyWebGrocer, according to a source familiar with the firm.
Some initial public offerings are hitting a snag over price triggers to convert preferred stock held by buyout shops into common stock, but the problem could be fixed with new pre-agreement contract language, a corporate lawyer for private equity firms told Buyouts.
New York-based Mercury Capital Advisors has opened its first office in San Francisco, as the placement firm that spun out of Bank of America in 2009 continues to bulk up its staff to address a more aggressive fundrasing environment.