Steve Gelsi
JLL combined Patheon with DSM unit in 2014 Patheon IPO priced at $21 a share on July 22, raised $625 mln JLL made 3x on 2007 investment in Patheon in 2014 JLL Partners is showing a 3.5x return on its 2014 investment in Patheon NV after the initial public offering of the provider of outsourced pharmaceutical […]
One of largest investment multiples in history of TSG San Francisco firm took minority stake in 2012 Cosmetics company broke out on QVC, Shopping Channel TSG Consumer Partners will reap a more than 25x return on the pending sale of its minority stake in rapidly growing makeup brand IT Cosmetics to L’Oréal for $1.2 billion in […]
Firm: Hamilton Lane Fund: Hamilton Lane Private Equity Fund IX LP Target: $400 mln Amount raised: $516 mln Hamilton Lane Advisors LLC said it held a final closing of Hamilton Lane Private Equity Fund IX LP with $516 million in commitments, 29 percent above its $400 million target, as the largest fund-of-funds in its 24-year […]
Firm: Hamilton Lane Fund: Hamilton Lane Private Equity Fund IX LP Target: $400 mln Amount raised: $516 mln Hamilton Lane Advisors LLC said it held a final closing of Hamilton Lane Private Equity Fund IX LP with $516 million in commitments, 29 percent above its $400 million target, as the largest fund-of-funds in its 24-year […]
Corporate leverage on the rise; credit quality down U.S. corporate debt demand tops $20 trillion by 2020 Monetary policy boosts asset prices, juices leverage During the past several years of rock-bottom credit prices, the stock market routinely sold off on any sign that the U.S. Federal Reserve might lift interest rates. Former Fed chief Ben […]
GP Profile: Oaktree Mezzanine Finance Year founded: 2001 Investment strategy: Seek current return and long-term capital appreciation with an emphasis on fundamental credit analysis and risk control in the middle market. Provide mezzanine capital to companies with enterprise values of $150 million to $750 million. Key executives: Bill Casperson and Raj Makam, both managing directors […]
Siris to pay about 11.2x EBITDA for Polycom Deal trumps Mitel’s cash and stock offer Angeles Equity vows pricing discipline Cash-flush strategic bidders tend to win auctions over private equity firms for publicly traded companies. But at least one recent exception is the videoconferencing company Polycom Inc. On July 8, Polycom opted for Siris Capital’s take-private deal of $12.50 a […]
Heron Foundation launched in 1992 with a mission to help people help themselves out of poverty, with a focus on the U.S. The New York City-based private foundation has decided to redirect its financial holdings into impact investments. How’s that going? We manage about $280 million. Clara Miller, our president, said every dollar we have needs […]
Firm expects up to $60 bln this year Fundraising not as lumpy as in the past because of new products Blackstone Strategic Partners Fund VII draws in $4.3 bln Blackstone Group drew in $21 billion of fresh capital in the second quarter, with its latest secondaries fund pulling in $4.3 billion as one big contributor. The fundraising bonanza […]
Carlyle fund eyes non-core infrastructure deals Carlyle hires Peter Taylor from Hastings Infrastructure Andrew Marino shifts roles at Carlyle Carlyle Group is targeting $2.5 billion for Carlyle Global Infrastructure Opportunities I, which features longer hold times for non-core infrastructure investments with a return target in the mid-teens, according to sources. The Washington firm is sifting for […]