Steve Gelsi
Thoma Bravo amassed more dry powder for larger deals by quickly wrapping Thoma Bravo Special Opportunities Fund II at its cap of $1.07 billion. LPs piled into the latest pool from a firm that’s been aggressive on technology buyouts despite lofty deal prices.
Altegris has been cleared by regulators to offer accredited individuals exposure to Kohlberg Kravis Roberts & Co private equity funds.
Sycamore Partners-backed The Talbots Inc has floated about $205 million in debt to fund a dividend recapitalization, prompting a slight downgrade by Standard & Poor’s Rating Services of the women’s retailer.
Kohlberg Kravis Roberts & Co is on track to launch a major fundraising effort to follow up its $9 billion flagship North America Fund XI from 2012, as it continues to deploy capital in the high-priced deal environment.
TPG Capital LP’s General Counsel Ronald Cami plans to leave the marquee private equity firm as it raises its targeted $10 billion TPG Partners VII.
Wall Street reacted positively to JLL Partners -backed Builders FirstSource’s announced acquisition of ProBuild Holdings LLC, positioning the building products distribution company to ride the recovering housing market to further growth.
Gridiron Capital has drawn $106 million for its third buyout fund as the middle-market firm looks to follow up its most recent pool that wrapped up in 2012, according to a regulatory filling.
Jeffrey Chang, a former executive with fund of funds Performance Equity Management, joined your team in November as a senior director focused on PE funds and co-investments. How’s the co-investment effort going? He’s an experienced co-investment deal maker. I’ve done a lot of co-investing myself, along with Cheng Wang, principal. So we are now in […]
GPs speaking on a panel at the recent Buyouts East conference said they’re still able to close deals at prices that should assure strong returns, even at levels over 10x EBITDA in some cases.
With recent seismic shifts in the private equity placement business, the niche market of raising LP commitments for buyout, mezzanine and other alternative investment funds continues to take disruption in stride, even while challenges loom.