Steve Gelsi
Spanos Barber Jesse & Co has beaten its $150 million target for its inaugural private equity fund and may be close to inking its first deals.
TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.
ARC Financial Corp, the Calgary-based investor in Canadian oil and gas projects, is approaching a first close on about $800 million for its eighth buyout fund, according to a source familiar with the firm.
Twin Brook Capital Partners is seeking $500 million for a middle-market direct lending fund as it kicks off as a new unit of Angelo Gordon & Co headed by two former executives from Madison Capital Funding, according to sources familiar with the firm.
Middle-market buyout specialist CIP Capital Management held a final close on $230 million, short of its $350 million target, for its first buyout fund, which originally launched in 2011 under a different name.
Despite the frothy buyout market, Blackstone Group and Apollo Global Management appear to be avoiding high prices and lofty levels of leverage in their recent deals.
Middle-market borrowers have flexibility Hot sectors include tech, consumer, healthcare and industrial sectors Baird plans to hire bankers in 2015 A senior investment banker at Robert W. Baird & Co said competition for deals continues to support robust purchase price and leverage multiples in 2015, with middle-market firms enjoying more borrowing flexibility on their acquisitions […]
Big private equity players are pursuing different paths to scale a mountain of capital offered by wealthy individuals and other retail investors, with fresh initiatives under way this year.
The Association for Corporate Growth’s Private Equity Regulatory Task Force is working with at least 32 middle-market private equity firms on six major initiatives to help firms tackle closely watched compliance issues.
MSouth Equity Partners has launched capital-raising efforts behind its third fund with UBS as a placement agent, after the Atlanta-based buyout shop notched a top-quartile performance in an earlier pool. It has also been active on the exit front with four deals in 2014.