Steve Gelsi
KKR expects 12th North America Fund to top $8 bln Confirms first growth equity fund Henry Kravis sees more deals opening up Kohlberg Kravis Roberts & Co said it expects KKR North America Fund XII to exceed the $8 billion raised by its predecessor, as it takes aim at a more favorable deal market. With […]
Private equity pros often chafe against the notion that they generate returns by leverage and other financial engineering rather than by good old fashioned sales growth at a portfolio company. Well it turns out that top-line expansion by GP-managed companies does in fact drive positive results and collectively help the economy, according to a new […]
Fitch sees ”near-term maturity wall” for BDCS BDCs issued debt in 2011-2012 BDC’s debt, equity issuance trails Publicly traded Business Development Companies face a due date next year for about $1.3 billion of convertible notes and other owings, even as fresh debt and equity issuance trails well behind year-ago levels, according to Fitch Ratings. Among […]
After a long stretch of easy credit and frothy prices, storm clouds gathered around M&A in the form of rocky financial markets. A paradigm shift may be ahead. Private equity deal-makers stepped up activity around smaller acquisitions in the third quarter, pulling back on big ticket deals. Dollar volume fell sharply in favor of less […]
Founded in 2013 and now about one year into the launch of its online fundraising platform for private equity funds, iCapital Network continues reaching out to high net worth investors while broadening its partnerships and alliances. While larger private equity firms benefit from iCapital’s network, the firm has also been gaining traction as a way […]
As alternative fund managers face challenges from competitors, regulators and investors, the boards of private equity and hedge funds have been addressing governance issues in a variety of ways, according to a benchmarking survey by PwC’s alternatives unit. The survey of 42 firms was conducted by PwC’s Kristin Francisco, Mike Greenstein and Liz Pelan. It found that […]
Firm: Genstar Capital Year founded: 1988 Investment strategy: Middle-market buyouts in healthcare, software, financial services and industrial technology Key executives: Jean-Pierre “JP” Conte, managing director and chairman; Ryan Clark, managing director and president; Managing Directors Robert Weltman, Anthony Salewski, Rob Rutledge, Eli Weiss Office location: San Francisco Total commitments in all funds: $5 bln Fundraising status: Closed Genstar Capital Partners VII at […]
1. Five Arrows Principal Investments II (FAPI II) just closed on 775 million euros for European middle-market buyouts, which was 75 million euros above its target. Did you get any participation from U.S. LPs? Yes we do have U.S. LPs, as part of the process we wanted to go through to diversify our base. It’s […]
Firm’s Wellfleet unit launched earlier this year CLO to invest mostly in Class A-1 notes Fitch sees “strong recovery expectations” Littlejohn & Co closed a $360 million collateralized loan obligation to invest in leveraged loans — the first in its 19-year history — as private equity firms continue to move into the commercial lending business. Littlejohn & Co tapped […]
Turner moving over to Barclays in October Joined Nomura in 2013 Turner had worked as managing director at Barclays Christopher Turner is rejoining the sponsor banking team at Barclays in October less than two years after he left the bank to take a job at Nomura Securities, a Barclays spokesman confirmed. Turner joined Nomura in […]