Steve Gelsi
Oaktree’s Howard Marks ponders long-term impact Antares executive David Brackett mulls M&A slowdown Central bankers pledge liquidity into the lending system Distressed-debt specialist Howard Marks of Oaktree Capital Group said he doesn’t see any long-term fundamental economic shift in Europe as a result of the surprise Brexit vote, but he said it’s created uncertainty in […]
Lender’s AUM now about $12 bln Exec sees growth in health lending AUM up $2 bln since CPPIB deal closed last summer Antares Capital Co-Founder John Martin said he expected the middle-market-lending unit of Canada Pension Plan Investment Board to increase its assets under management by about $8 billion, or 67 percent, to $20 billion by […]
Arbor Investments IV books $750 mln, 25 pct above target Chicago firm wraps up $125 mln Debt Opportunities Fund I Arbor won a Buyouts Deal of the Year Award Arbor Investments, the Chicago specialist in middle-market food-and-beverage deals, expects to close its fourth flagship buyout fund as well as a companion debt fund for a […]
New York firm eyes unloved corporate units Prices high for ‘clean assets’ Loan pricing stable for deals In a pricey deal environment, One Rock Capital Partners LP is focusing on corporate carve-outs to find better buyout candidates, a general partner at the firm said. Scott Spielvogel, managing partner of the New York firm, said he hopes to find more […]
GTCR’s Craig Bondy sees low interest rates persisting GPs may try to keep winners PE track record lures new LPs GTCR is talking to its limited partners about holding companies longer to reduce execution risk and drive returns, since low interest rates are expected to persist, according to a key executive at the Chicago firm. Craig […]
Triago projects another record year for fundraising Q1 fundraising hit $136 bln, highest since GFC Distributions dipping to $420 bln in 2016 from $502 bln With private equity’s record of long-term outperformance pushing up LP interest, 2016 may mark the second-best year for fundraising next to 2008’s record, according to a quarterly update from placement […]
EBITDA down 85 pct since 2011 Company’s debt totals $256 mln Centerbridge Partners paid $125 mln in cash for Seitel Inc in 2011 Seitel Inc, the Houston provider of underground mapping for fossil-fuel exploration and production, did not cover its $6 million in interest expense in the first quarter with its EBITDA, prompting a downgrade from Moody’s […]
Price includes up to $225 mln in incentives Microsoft pays 26x EBITDA for LinkedIn Vista Equity paying lofty multiple for Marketo Inc OM Asset Management plans to pay as much as $465 million for a 60 percent stake in secondaries specialist Landmark Partners as another example of larger firms buying interests in the alternatives space. London-based […]
Fund: Hamilton Lane Strategic Opportunities Fund 2016 Target: $150 mln Amount raised: $210 mln Hamilton Lane closed Hamilton Lane Strategic Opportunities Fund 2016 with $210 million in commitments, ahead of its $150 million target, as it takes aim mostly at senior-debt investments for middle-market companies. Drew Schardt, managing director, said limited partners’ need for yield in […]
Fund: Hamilton Lane Strategic Opportunities Fund 2016 Target: $150 mln Amount raised: $210 mln Hamilton Lane closed Hamilton Lane Strategic Opportunities Fund 2016 with $210 million in commitments, ahead of its $150 million target, as it takes aim mostly at senior-debt investments for middle-market companies. Drew Schardt, managing director, said limited partners’ need for yield in […]