Steve Gelsi

AlpInvest has hired Eric Hanno as principal after he worked most recently at Partners Group as a senior vice president of the firm’s direct and primary investment team.

Bertram Capital,a lower middle-market firm with more than $850 million under management, is out fundraising for its third private equity pool after its predecessor fund raised $500 million in 2010.

Steeped in the lower middle-market as co-founder of Miami-based investment bank Cassel Salpeter & Co, James Cassel’s deal backlog has grown as more families put businesses up for sale.

Carlyle Partners IV, the vintage 2005 fund from The Carlyle Group, rang up an IRR of 14.8 percent as of Dec. 31, 2013, for the California Public Employees’ Retirement System. 

We catch up with John Gripton, Head of Global Investment Management, Private Equity, for Capital Dynamics, the $19 billion Swiss private asset manager.

While wrapping up its presence exam initiative by meeting with about 180 private equity firms, the Securities and Exchange Commission will continue reviewing limited partner agreements, private placement memoranda and other disclosure documents for potential conflicts of interest with limited partners, a lawyer for the regulator said.

Facing upward pricing pressure just as regulators tapped the brakes on leverage levels, U.S. sponsors closed fewer acquisitions in the first quarter of 2015. 

San Francisco Equity Partners paid an undisclosed sum to buy a majority stake in beauty tools and cosmetics brand Japonesque from company owner Karen McKay, as the consumer products firm broadens its exposure in the sector.

Trivest Partners LP earned roughly a 4x cash-on-cash return in less than five years on its sale of AM Conservation Group Inc to Kohlberg & Co, according to a source.