Steve Gelsi
Agency pledges $743 million to private equity in first quarter Clayton, Dubilier & Rice Fund IX draws largest commitment Pension system also invests in two European funds The California State Teachers’ Retirement System committed $743 million to private equity investments during the first quarter, with a $200 million commitment to Clayton Dubiler & Rice Fund […]
Apollo Global Management has lined up about $2.2 billion in potential oil and gas investment via three partnerships in April, May and June as co-founder Leon Black pursues energy as one of two major themes for the New York-based private equity titan.
Tailwind Capital Partners is about halfway toward its $750 million fundraising target for its second buyout pool since the firm was founded in 2003, according to a person familiar with the firm.
Egon Zehnder helps find high-level candidates for elite jobs at private equity firms, giving Christoph Lueneburger a perspective on the overall health of the buyout industry, but his firm does much more to help general partners navigate the more competitive landscape in a maturing industry.
1) Lee, your firm is working through a $3.64 billion Fund VI closed in mid-2012, buying businesses generating $50 million to $200 million in EBITDA in such fields as manufacturing, specialty chemicals, aerospace, energy, business services, healthcare, restaurants, consumer products and other markets. I’m sure you’d agree the buyout business is all about operational improvements today. […]
The $44 billion Maryland State Retirement and Pension System has committed $500 million to five private equity funds thus far in 2014, with the largest two commitments for investment pools managed by larger buyouts firm Bain Capital LLC and tech-focused Vista Equity Partners LLC.
Pantheon has filed plans for AMG Pantheon Private Equity Master Fund LLC, a new vehicle that marks the first product from a fund-of-fund manager to provide access to private equity investments, joining others in the buyout world reaching out to individual investors.
New York-based lower mid-market buyout shop ICV Partners hit its $400 million target for ICV Partners Fund III, and its president said the firm seeks to close two to three acquisitions per year on targets with EBITDA of $10 million to $30 million.
Energy & Minerals Group’s $1.2 billion investment in Aubrey McClendon’s American Energy - Utica LLC venture earned it a 4x return in five months, based on a $5 billion implied valuation of the energy venture in a recent debt deal.
Olympus Partners paid less than 8x EBITDA for packaging firm Pregis Corp North America after factoring in an accounting benefit of the deal, according to a source familiar with the recently closed transaction.