Steve Gelsi
With the S&P 500 and the Dow Jones Industrial Average hitting record highs this summer, it’s no wonder that take-private deals by U.S. sponsors slowed to a trickle.
The Jordan Company LP has been cleared by U.S. antitrust regulators to buy Capstone Logistics, a Georgia-based manager of 240 distribution centers in the U.S. formed in 2011 by the merger of two private companies.
Five Questions With Juan Delgado-Moreira, Managing Director and Head of International, Hamilton Lane
1 We’ve seen some sell-offs in public equities this summer. How has that affected deal-making internationally? This year has been very strong. On the entry side, in Asia, the valuations are still pretty reasonable even with the recent recovery. On the exit side, the markets have been very active and we’ve seen alot of selling […]
The Illinois Municipal Retirement Fund committed $127 million to three European-focused buyout funds, plus $150 million to an emerging markets commingled fund, as the $34.2 billion pension system moves to diversify its private equity portfolio with international exposure.
Silver Lake’s $500 million stake in the blockbuster initial public offering by Chinese e-retailing giant Alibaba Group Holding Ltd may provide rich returns in an active exit year for the Menlo Park, California, firm.
The Carlyle Group disclosed $1.9 billion in commitments in less than a year for Carlyle International Energy Partners LP, a buyout pool flagged by co-CEO David Rubenstein as the largest first-time fund in the history of the 27-year-old firm, according to a filing and a source.
Hastings Equity Partners, the Boston-based specialist in lower mid-market energy services and equipment buyouts, closed Hastings Equity Fund III with $172 million in commitments, nearly tripling the size of its predecessor fund.
RCP Advisors, the Chicago-based lower mid-market fund-of-funds manager, raised $258 million for RCP Fund IX LP, ahead of its target by $8 million, with the fund still in the market possibly until the end of the year, according to a filing and a source familiar with the firm.
Firm: RCP Advisors Fund: RCP Fund IX LP Target: $250 million Amount Raised: $258.3 million Placement Agents: Cato Capital LLC, Haydon Hill Advisors, PTP Securities LLC RCP Advisors, the Chicago-based lower mid-market fund-of-funds manager, raised $258 million for RCP Fund IX LP, ahead of its target by $8 million, with the fund still in the […]
Kohlberg Kravis Roberts & Co is pointing to its recent $3.5 billion debt reduction transaction for First Data Corp as a model for tapping into its own balance sheet and deploying its fee-rich capital markets unit in a growth strategy that is exclusive to the firm.