Steve Gelsi
Origami Capital Partners, a 7-year-old Chicago firm founded by a veteran of Lakeview Capital Management, has raised at least $47 million toward a $450 million target for Origami Opportunities Fund III LP, a private equity pool focused on assets trapped in illiquid ownership structures, according to a Form D filing.
KRG Capital Partners is launching a $500 million fundraising effort behind KRG Capital Fund V, after some fresh exits, along with several personnel changes in the eight years since its predecessor fund drew in $2 billion.
The New Jersey State Ethics Commission dismissed pay-to-play allegations by the AFL-CIO against Robert Grady, stemming from his term as chairman of the New Jersey State Investment Council, according to the panel.
Jennifer Rinehart, an MVision veteran who focused on first-time funds, is launching Acalyx Advisors in New York City with at least three other colleagues from her previous employer, according to her LinkedIn profile.
Thomas H. Lee Partners has drawn $1.5 billion in commitments out of a $3 billion target for Thomas H. Lee Equity Fund VII after officially launching last fall, according to two sources.
Private equity veteran Brooks Zug said high purchase price multiples in the face of “enormous competition” for deals may limit the returns from vintage 2015 top-quartile funds to a less-than-dazzling net IRR of about 15 percent.
Victory Park Capital is close to announcing a $45 million dividend recapitalization of Giordano’s, the Chicago-based maker of deep dish pizza and other Italian food, roughly four years after the company was bought out of bankruptcy, according to a source.
Estimates 15 percent net IRR for top quartile One recent deal valued at 23.5 times EBITDA Easy credit, ample fundraising may signal a peak Private equity veteran Brooks Zug said high purchase price multiples in the face of “enormous competition” for deals may limit the returns from vintage 2015 top-quartile funds to a less-than-dazzling net […]
Bain Capital sees an IPO in the cards for cybersecurity company Blue Coat Systems Inc, according to a deal-maker for the marquee private equity firm.
Siguler Guff & Co has drawn in $260 million for an inaugural fund aimed at financing cross-border trade, in a move to tap into global deal-making, according to a filing.