Steve Gelsi
Daniel Fisher sees opportunity for the U.S. launch of Global Loan Agency Services (GLAS) despite turmoil in debt markets. In fact, the current disruption may help the firm grow. As an independent loan administration specialist, GLAS handles the accounting and organizing of loan payments, record keeping, following up on missed or late loan payments, and other services. Since […]
Deals will get done at more reasonable prices GPs expected to invest more cash than they return in 2016 Business cycle suggests a looming downturn Carlyle Group founder and co-CEO David Rubenstein said he expects an economic slowdown in 2016 after several years of expansion, but that lackluster growth could help private equity firms boost returns because […]
Company specializes in sensor arrays for truck fleets Phil Canfield eyes potential 3x subscription growth CEO Brandon Nixon remains at the company GTCR’s Phil Canfield said the Chicago firm expects rapid growth to continue at Lytx Inc after announcing its platform acquisition of the trucking technology company for at least $500 million in cash. The […]
Exec Andrew Bucolo takes aim at increasingly active group Middle-market lender noticed hiring by family investment groups Madison Capital has closed two lending deals with high net worth families Madison Capital Funding, the middle-market lending unit of New York Life, has closed at least two deals with family investment groups as it works to attract […]
Firm: Columbia Capital Fund: Columbia Spectrum Partners I LP Amount raised: $247 mln Columbia Capital, a venture capital firm focused on communications, media and technology, has raised $247 million for a private equity fund, Columbia Spectrum Partners I, according to filings. James Fleming and John Siegel, who are listed as executives for Columbia Spectrum Partners, […]
Firm holds $22 bln in dry powder May increase size of Fund Xb PE firms in general have ample capital for credit investments Oaktree Capital Group exceeded its $10 billion target for its flagship distressed debt funds. Now it’s waiting for just the right time to deploy the capital. Howard Marks, co-chairman, said the firm sees some […]
Carlyle, Apollo join KKR in setting stock buybacks Execs tout bargain prices of shares Wall Street worried economic income may fall Leon Black, Henry Kravis, David Rubenstein and Stephen Schwarzman may be Wall Street titans, but that hasn’t stopped investors from dumping publicly traded stock in their firms. In fact, Apollo Global Management, Blackstone Group, Carlyle Group and […]
While LPs may cast a wary eye on sponsor-to-sponsor mergers and acquisitions, a recent Cambridge Associates study of deals between 2004 and 2012 concluded they significantly outperformed the broader private deal group. Fully realized sponsor-to-sponsor transactions generated a gross multiple of invested capital (MOIC) of 2.6x, ahead of the realized private equity industry mean of […]
Firm focuses on 12th North America Fund LPs not pulling back commitments despite market choppiness KKR handles $815 mln financing package for Mill’s Fleet Farm Kohlberg Kravis Roberts & Co said it’s not seeing LPs pull back from commitments to its private equity funds despite choppy financial markets, as it works to deploy its record dry […]
Carlyle Global Partners will hold companies for longer periods Firm also plans to buy back $200 mln worth of shares Q4 ENI drops to $72.7 million from $180.5 million in Q4 2014 Carlyle Group’s new Carlyle Global Partners fund raised $3 billion for its strategy of longer holding periods for portfolio companies. That was one of many pieces […]