Steve Gelsi

Howard Morgan, Tariq Osman, Heather Faust on roster All three worked at Castle Harlan, now renamed CHI Private Equity Castle Harlan scrapped plans for Fund VI in 2015 Four executives that left Castle Harlan earlier this year have formed Argand Partners, a New York-based middle-market firm, according to a filing and the firm’s website. It’s […]

Firm buys Mikawaya, Covercraft, Better Life Technology Guy Zaczepinski promoted to managing partner Some LPs exited Fund II last year in secondary deal Century Park Capital Partners is talking to LPs about launching its third middle-market buyout fund on the heels of four quick acquisitions and last year’s recapitalization of Fund II, according to a market […]

Pros stress hands-on experience in the field Carve-outs seen as source of new deals GPs look for ways to avoid traditional auctions Scouring the globe for companies to buy hasn’t been the most glamorous part of private equity in the past, compared to the more celebrated role of buyout king. But the status of deal […]

Audax Private Equity Fund  IV LP, the 2012 vintage buyout fund from Audax Group, logged an IRR of 20.68 percent for the Montana Retirement System through June 30, according to data from Cambridge Associates. That’s above the top-quartile threshold of 15.42 percent for that vintage, according to Cambridge. Geoff Rehnert, co-chief executive officer of Audax, […]

Luminate Capital Partners will soon mark its first year as a firm focused on software buyouts founded by Silver Lake veteran Hollie Moore Haynes. Buyouts Senior Editor Steve Gelsi sat down with Katherine Dowling, Luminate’s chief operating officer and a managing director. 1. Your background includes time as a federal prosecutor in the U.S. Attorney’s […]

For Kevin Kelly, founder and CEO of Application Experts LLC (App-X), it is all about helping alternative asset fund managers and institutional investors run their business and stay in touch with investors. Teaming up with Salesforce, App-X taps into the power of cloud computing to speed up interactions and data distribution between private equity GPs and LPs. “We’ve taken the […]

Shadow capital seen at $161 bln in 2015 Lower fees for co-investments cited Private equity funds expected to draw in $468 bln LPs across the global private equity arena will put an estimated $161 billion into co-investments, direct investments and separate accounts this year, according to a study by placement firm Triago. Broken down, separate accounts comprise 40 percent with $64 […]

Vista’s Robert Smith says transaction is close Smith says multinational corporation interested in firm Vista bought Omnitracs in 2013 Vista Equity Partners may be nearing a deal to sell Omnitracs to a multinational company about two years after it purchased the portfolio company from Qualcomm, the firm’s founder said Wednesday. Robert Smith, founder, chairman and CEO […]

One Plus Corp buyout follows earlier deal ParkerGale execs formerly worked at Chicago Growth Partners Firm declines to comment on fundraising ParkerGale Capital Partners said it closed its buyout of One Plus Corp in a proprietary deal, marking its second platform acquisition since it spun out of Chicago Growth Partners last year. The tech-focused firm […]

NGP’s Ken Hersh eyes lower production in oil patch First Reserve’s Neil Wizel sees tough 2016 Both see traction at $60 a barrel, up from $45 now Two private equity executives focused on the energy sector said it’s only a matter of time before low oil prices that have sent shocks through the U.S. energy […]