Steve Gelsi
Firm beats $350 mln target for Fund V Inks two letters of intent for new platform deals Continues to target companies with EBITDA of $3 mln to $12 mln The founder of Pfingsten Partners said the middle-market shop is close to wrapping up the first two platform acquisitions from its newly raised Pfingsten Partners Fund V LP. Senior […]
Nearly $22 bln raised for non-fund investments in first three quarters of 2015 Exponential growth seen in deals sourced by independent sponsors Aberdeen Asset Management studying two such deals With private equity firms facing tough competition for portfolio companies, buyout shops operating without funds now play a more prominent role in finding deals, according to multiple sources. […]
Moody’s cites improved earnings at fast food operator Lower gasoline prices, commodity prices help Company’s debt-to-EBITDA ratio falls to 6.0x It may may operate in financially troubled Puerto Rico, but a Burger King chain backed by Castle Harlan has seen enough of a boost from lower costs to draw a debt upgrade from Moody’s Investors Service. […]
Firm: MTS Health Investors Fund: MTS Health Investors IV Target: $300 million Amount raised: $155 mln Placement Agent: Probitas Funds Group MTS Health Investors, the New York firm founded in 2000 by a former lead banker at Bear Stearns, has raised $155 million for its fourth buyout fund about two years after wrapping up its […]
Firm: North Haven Capital Partners Fund: North Haven Capital Partners VI Target: $1.5 bln Amount raised: $1 bln Placement Agent: Probitas North Haven Capital Partners, part of Morgan Stanley’s line of closed-end private equity funds, has reached $1 billion in commitments for its sixth pool, which is targeting $1.5 billion, according to sources. The fund […]
Marc de Saint Phalle worked on Old Westbury funds Departed Bessemer Trust after 16 years Co-headed 28-person alternative investment team Marc de Saint Phalle has left Bessemer Trust after working for 16 years at the multi-family office with more than $100 billion in assets under management, the firm said. De Saint Phalle held the title […]
Upacala Mapatuna joined from Goldman Sachs 20-plus year career includes stint at Mill Road Capital Sees opportunities in PE, debt investments Upacala Mapatuna, the newly hired chief investment officer at Chicago-based Victory Park Capital, sees current market volatility as a prime opportunity for the firm’s “hybrid” expertise in both private equity and debt investments “We’re seven […]
Firm: BDT Capital Partners Fund: BDT Capital Partners Fund II Target: $5 bln – $6 bln Amount raised: $6.2 bln Byron Trott, known for working with Warren Buffett and other billionaire clients, recently closed his second fund at $6.2 billion, as the ex-Goldman Sachs banker aims at a longer investment period than traditional vehicles, according to […]
Firm: NexPhase Capital Fund: NexPhase Capital Fund III, LP Target: $500 mln Newly-launched NexPhase Capital, a lower middle-market firm led by former members of Moelis Capital Partners, is seeking $500 million for its first fund, according to a source. NexPhase calls the fund NexPhase Capital Fund III, LP because it’s the same team that raised two earlier […]
1. HarbourVest recently bought BAML Capital Access Funds, a fund-of-funds focused on emerging managers, and renamed it HarbourVest Horizon. What was the impetus for that deal? Directionally, there is increasing interest in emerging managers and with [this] team as part of the HarbourVest platform, we expect this to be a growing part of the investment expertise that […]