Steve Gelsi
Norman Leben said the business of outsourcing private equity fund administration has been picking up steam as a more prudent practice than building in-house teams from scratch.
H.I.G. Capital inked 37 acquisitions in sectors ranging from dental practices to coal mines in 2014, but the Miami firm bought fewer platform companies for the second year in a row, according to lists of deals obtained by Buyouts.
Standard & Poor’s Rating Service cut its view on sponsor-backed Samson Resources Corp for the second time in less than three months, with analysts flagging the possibility that liquidity at the oil and gas producer could deteriorate in the face of low energy prices.
Altamont Capital Partners is raising its profile in the hot consumer sector with its acquisition of Cotton Patch Cafe, with plans to expand the restaurant chain’s footprint in its core Dallas market as well as the Southeastern and Southern U.S.
Stephen Murray has left CCMP Capital Advisors just months after it raised $3.6 billion for its third private equity fund, according to two sources.
Kohlberg Kravis Roberts & Co said it refunded about $8 million to its limited partners last year in the wake of an examination by the Securities and Exchange Commission.
Oaktree Capital Group LLC plans to maintain a brisk fundraising pace after drawing in nearly $15 billion in commitments in 2014, with closings expected shortly on its flagship distressed debt pool and two other funds.
TPG Capital LP plans to hold a first closing by early March on more than $5 billion for its latest flagship fund, TPG Partners VII, toward a potential $10 billion target for the pool, according to sources.
A senior investment banker at Robert W. Baird & Co said the middle-market specialist’s deal backlog jumped 35 percent at the start of the year, prompting the firm to continue hiring bankers in what’s expected to be a robust 2015.
Jim Snyder explains why HKW Capital Partners’ fund III was so successful, generating an IRR of more than 15 percent after six years.