Steve Gelsi
The $227 billion Canada Pension Plan Investment Board expects to invest up to $5 billion in private equity funds this year as the pension system faces a challenging environment for returns and high purchase price multiples in the deal market.
Pension system may commit to 15 funds André Bourbonnais frets over lofty prices PE portfolio competes with equities rally The $227 billion Canada Pension Plan Investment Board expects to invest up to $5 billion in private equity funds this year as the pension system faces a challenging environment for returns and high purchase price multiples […]
Bridge Growth Partners LLC has held a first closing on about $250 million toward its $1 billion target on its inaugural buyout fund, as the firm founded by veterans of Vestar Capital Partners and New Mountain Capital gains traction with some recent additions to its team, according to a source.
Odyssey Investment Partners faced the worst economic downturn since the Great Depression when it launched fundraising for Odyssey Investment Partners IV in 2008. But the New York firm led by Chairman Stephen Berger, a leader in the New York political arena, barely missed a beat.
Newly launched CenterOak Partners LLC is offering prospective LPs a long deal history mostly from the industrial sector as the mid-market buyout firm spins out from Brazos Private Equity Partners.
Leonard Green & Partners’s recently acquired portfolio company Mister Car Wash holds a formidable market position that may help offset its initially weak credit profile, although its leverage may reduce over the next 12 to 18 months, Moody’s analysts said.
Altamont Capital Partners has beefed up its operating team with an eye on more financial services deals by hiring a veteran of Legg Mason and Prudential Investments, as the spin-off of Golden Gate Capital moves to deploy its sophomore private equity fund that closed earlier this year.
Carlyle Group co-CEO David Rubenstein said leverage in private equity deals is nearly as high today as it was in 2007 and 2008, but lower interest rates make the trend less of a worry, while the deal environment remains flat because of a lack of targets and high stock prices.
Insignia Capital Group, the California-based buyout shop led by David Lowe, co-founder of Friedman Fleischer & Lowe, has told investors it is nearing the finish line on its $350 million inaugural fund, Insignia Capital Partners LP, a source familiar with the firm said.
EnCap Energy Infrastructure Fund, the 2009 vintage debut fund from EnCap Flatrock Midstream LLC, rang up an IRR of 45.96 percent as of Dec. 31, well ahead of the 22.1 percent IRR threshold to qualify as top quartile, according to an analysis of pension fund data by Buyouts. Billy Lemmons, managing partner of EnCap Flatrock Midstream, answered questions about the fund in an email.