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Steve Gelsi

DLJ South American Partners, a vintage 2007 fund, rang up an IRR of 32.5 percent as of Dec. 31, 2013, according to public pension fund data compiled by Buyouts. The performance beat the 15.4 percent IRR threshold for top-quartile funds of the same vintage and the median of 9.4 percent, based on an analysis by Buyouts.
Steve King first saw the business opportunity for Alaris Royalty Corp while working as an investment banker for 12 years and helping middle-market companies raise capital.
NGP Energy Capital Management CEO Ken Hersh said private equity and other investments in the energy sector have helped create a “world of abundance” that’s upending geopolitics and forcing leaders to grapple with a transition period.
Ares Management’s 99 Cents Only Stores drew a debt downgrade from Standard & Poor’s based on the retailer’s outlook for earnings pressure, while Goldman Sachs absorbed a lower rating on Education Management LLC, among eight actions affecting buyout-backed portfolio companies in November.
Distressed debt specialist Glendon Capital Management quickly hit the $1 billion hard cap on its debut fund in less than a year, following its spin out from Barclays Asset Management Group in 2013, according to two sources.
How does Fundamental Advisors distinguish itself from other debt-focused private equity names such as Apollo Global Management, Oaktree Capital Management or distressed shops like WL Ross & Co? We’re the largest alternative asset manager, by AUM, dedicated to the municipal bond market. Within the muni world, we have strategies that seek to provide total return […]
Alaska Permanent Fund has committed $493 million to several private equity funds since June 30, while its overall private equity portfolio outpeformed other asset classes in its first fiscal quarter. 
Audax and CVC Capital veteran Ashwin Krishnan started SpareHire with lifelong friend Vikram Ashok after their personal experience in the workplace helped them identify a market need.
After plowing tens of billions of dollars into the energy sector, private equity firms have seen oil prices hit their lowest level since 2010. Time to panic? Hardly. The long-term prospects of energy investments outweigh the short-term risks, PE pros say.
Riverside Company, private equity
Riverside Co’s exit of software and service company Navex Global in a sale to Vista Equity Partners marks the latest in a busy year of deals for the middle-market firm, which expects to buy and sell as many as 60 targets this year.
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