Steve Gelsi
Private equity firms have stepped up deal talk around capital infusions and asset purchases in the energy sector as oil prices continue to drop. But merger announcements and initial public offerings remain off the table for now as buyout pros wait out disruption caused by the lowest crude levels since the wake of the 2008 financial crisis.
Cerberus Capital Management, the distressed investment specialist with $25 billion under management, is mulling a fundraising effort for its sixth flagship fund as early as this year, according to two sources.
Stabilis Capital Management has raised $351 million for its fourth fund, which is targeting $600 million.
Survey of 104 middle-market firms revealed different practices Smaller firms diverting resources from deal-making to compliance Study meant to foster wider industry discussion on fees, disclosure Practices for picking up the check for expenses related to annual meetings and other costs vary widely between middle-market firms grappling with increased oversight by regulators, according to a […]
Kohlberg Kravis Roberts & Co’s second special situations fund is expected to be oversubscribed, according to a source.
Three buyout-backed oil and gas exploration and production (E&P) companies drew debt downgrades as Standard & Poor’s Ratings Services weighed the impact of lower oil prices on 23 U.S. names in the energy patch.
Goldman Sachs ended 2014 with about $8 billion in private equity investments subject to the Volcker Rule, as CFO Harvey Schwartz praised regulators for allowing an extension that will help firms avoid a “fire sale” of assets.
Five Point Capital Partners, a Texas firm specializing in energy infrastructure assets, sees enough deal potential during the current period of depressed oil and natural gas prices to deploy its new $450 million fund in as little as two years.
Pantheon Ventures held an interim close on its fifth secondary fund a year after its launch, as interest in buying stakes in existing private equity pools remains healthy, according to a source and filings.
Retired U.S. Army General David Petraeus remains chairman of the KKR Global Institute, a macroeconomic think tank at Kohlberg Kravis Roberts & Co, while a legal case persists around allegations he illegally leaked information to his biographer Paula Broadwell.