Steve Gelsi
Fintech firm crunches data from nearly 400 private credit funds Complex modelling invested credit income into markets LP needs may be met by private credit An analysis of 6,284 private credit deals from 385 private credit funds revealed that the asset class could add gross alpha of 12.4 percent compared to both stocks and high […]
Fund: ParkerGale Capital LP Target: $200 mln Hard Cap: $225 mln Amount raised: $240 mln ParkerGale Capital closed its debut fund at $240 million, nearly 7 percent above the $225 million hard cap, as the Chicago firm’s deal-making during the fundraising helped sway LPs. Partner Devin Mathews said LPs approved the firm’s proposal to allow one more investor […]
True Wind surpasses $500 mln for debut fund GP backs acquisition by The Switch, a video-service provider Deal didn’t involve traditional process, source said True Wind Capital inked its first investment since it was founded by two Kohlberg Kravis Roberts executives: a financing deal for live-content provider The Switch. Meanwhile, fundraising for its debut fund […]
Exec expects up to two add-on deals in the next year Firm earmarks $400 mln equity for the platform plus add-ons RevSpring to widen reach in payments space A GTCR executive said the firm already expected as many as two add-on deals in the next year after its buyout of payment specialist RevSpring. Aaron Cohen, […]
Abry tapping Fund VII for deal Marketing firm CEO also invests Company uses social media aimed at shoppers Abry Partners teamed up with an executive at a global consumer marketing firm to invest in or buy the Bentonville, Arkansas, social-media-shopper specialist Collective Bias, a filing shows. Terms weren’t disclosed. The Federal Trade Commission OK’d the […]
Terry Mullen, partner at Arsenal Capital Partners, recently spoke with Buyouts about the New York firm’s vintage 2006 fund, Arsenal Capital Partners II, which rang up a net IRR of 19.3 percent for Regents of the University of California as of March 31, including co-investment returns. That’s ahead of the top-quartile threshold of 11.2 percent, […]
Describe your Industry First technique of developing a thesis around a growth market and then investing from there. Industry First is a proprietary, research-based approach that provides us with a focus of who we are and what types of investments and industries we’d like to invest in. Our most recent investment, Marquis Software Solutions, [announced […]
Apollo Investment Fund IX seen as ‘similar size’ as predecessor Firm sees wrapping up Fund IX capital-raising in 2017 Apollo doubles size of Apollo Natural Resources fund Apollo Global Management said it expects to raise about $18.5 billion for its latest flagship fund, beginning in the current quarter and wrapping up next year. Apollo Investment […]
S&P cuts rating on cancer treatment specialist to selective default Firm hired new CEO earlier this year after data breach CPPIB bought $25 mln in preferred stock in company in September 21st Century Oncology Holdings Inc, backed by Canada Pension Plan Investment Board and Vestar Capital, recently missed an interest payment, sending the company into talks […]
CVC Capital, BA Glass win competitive process KPS grew EBITDA of company by 60 pct Exec said company grew quickly, ready for next stage KPS Capital Partners is seeing a 5x return in its pending sale of Anchor Glass Container to CVC Capital Partners and European glass-bottle producer BA Glass BV, according to a source. After purchasing the company […]