Steve Gelsi
Pomona Capital seeks similar amount to predecessor fund LPs pour money into secondary funds Pomona promoted two to partner earlier this year Pomona Capital is keeping its latest secondary pool at a comparable size as it hits the fundraising trail with a $1.75 billion target for Pomona Capital IX LP, a filing and a source said. […]
Firm: Kainos Capital Fund: Kainos Capital Fund II Target: $750 mln Hard Cap: $895 mln Amount Raised: $895 mln Placement Agent: Lazard Legal Counsel: Weil, Gotshal & Manges LLP and Sidley Austin LLP Kainos Capital in about seven months hit the hard cap of its sophomore fund with $895 million in commitments, including support from […]
Private equity exec founded firm after working in Washington Sees tax increases without regulatory reform hurting the economy In rare interview, exec shares concern about a deeper slowdown Aurora Capital Chairman Gerry Parsky offered perspectives on fiscal policy, taxes, the election and the state of the economy through the lens of private equity, drawing on […]
Execs asked about any risky loans in the market Firm hasn’t strayed from its lending principles Some ‘aggressiveness’ seen Executives at Oaktree Capital Group, asked to look out on the direct-lending landscape, raised no red flags but said some players have been getting bolder in recent years. “From what I see and from what I […]
GSO Capital Opportunities Fund III expected to hit hard cap in Q4 Firm discloses $13 bln for Tactical Opportunities strategy Blackstone floats $654 mln European bond Blackstone Group’s mezzanine pool, GSO Capital Opportunities Fund III, reached $6.5 billion in the third quarter with plans to hit its hard cap by year’s end. The firm marked gross inflows […]
Firm nearly matches 2015 activity in first three quarters Added four people to team in past year Exec sees more favorable terms for borrowers With nearly $4 billion in loans so far in 2016, Guggenheim Partners said its direct lending business has almost matched its activity for all of 2015, despite keen competition. The New […]
Firm on track to raise $15 bln this year Carlyle raising next generation of big funds Pools will invest in U.S., Asia buyouts Carlyle Group said it expected to pick up its fundraising pace to about $25 billion a year, building about $100 billion in fresh capital by roughly 2020, as it eyes larger versions of […]
GP doesn’t see huge change from election New Medicare rules will drive consolidation Firm made 5x average returns on all exits since 2009, sources said Shore Capital Partners, the Chicago healthcare specialist, is shaping its deal-making around consolidation, physician shortages and consumer-friendly retail operations for treating patients after ringing up big multiples on recent exits, […]
Firm not planning to raise a second China Growth fund KKR will instead invest out of its Asia III fund Fund XII on track to deploy next year Kohlberg Kravis Roberts & Co approached the $12 billion hard cap on its flagship Americas Fund XII in the third quarter as part of $1.9 billion […]
Bull market has room to run, says Thomas J. Lee Housing demand, low oil prices, credit markets signal gains Expansion may last another 10 years Pessimism about the end of a seven-year bull market in public equities appears overblown based on movements in the high-yield-bond market and other indicators, an executive at an independent financial-market-research firm said. […]