Steve Gelsi

Goldman Sachs Group is currently managing about $9 billion in alternative funds—mostly private equity investments—that need to be addressed for the marquee investment bank to comply with capital requirements under the Volcker Rule, according to a recent update from the firm’s chief financial officer.

Spire Capital Partners said it raised $133 million for Spire Capital Partners III LP, including an investment from Teacher Retirement System of Texas’s emerging managers program, according to a regulatory filing for the New York-based lower mid-market buyout firm.

Hamilton Lane said it held a final close on its eighth fund of funds with $426.8 million in commitments, beating its target of $400 million, in a fundraising process that took at least 18 months.

The buyout of Biomet Group by strategic competitor Zimmer Holdings Inc, valued at $13.35 billion, has trumped plans by the orthopedic medical device firm’s sponsors to take the firm public. The deal is in line to deliver healthy gains, despite the purchase price paid for Biomet at a time of frothy transactions for private equity consortia.

Firm: Hamilton Lane Fund: Hamilton Lane Private Equity Fund VIII LP Target: $400 million Amount raised: $426.8 million Hamilton Lane said it held a final close on its eighth fund of funds with $426.8 million in commitments, beating its target of $400 million, in a fundraising process that took at least 18 months. Hamilton Lane […]

Ardian said it drew $10 billion in commitments for Ardian Secondary Fund VI, which includes $1 billion for primary investments, in what may be the largest secondary fund ever raised and the firm’s first since changing its name from AXA Private Equity.

One Rock Capital Partners LLC, launched in 2010 by two veterans of Ripplewood Holdings, wrapped up fundraising for its debut buyout pool, One Rock Capital Partners LP, at $432 million, above its $300 million target, as the New York firm takes aim at controlling stakes in lower mid-market companies in North America with backing from Mitsubishi Corp.

Kohlberg Kravis Roberts & Co plans to step up fundraising efforts for three smaller funds, following a year in which the firm drew in $9 billion for its flagship KKR North America Fund XI LP.

GI Partners has held a final close on GI Partners Fund IV at its hard cap of $2 billion, ahead of its $1.5 billion target. The firm said the pool is earmarked to make “control-oriented, deep value investments” in North American middle-market companies.

The Federal Trade Commission moved to block the sale of Fenway Partners–owned American Achievement Corp to a unit of Kohlberg Kravis Roberts & Co in a deal that would have reduced the number of major players in the U.S. class ring business to two from three. The companies said they would scrap the deal.