Steve Gelsi
New York investment bank Carl Marks is seeing more interest among service, construction, manufacturing, textile other entrepreneur-owned companies aiming for deals with sponsors or strategic buyers, Warren Feder, partner and co-founder of the investment banking group at the boutique advisory firm, told Buyouts.
LP inks new partnership with Tully Friedman’s firm Banc Fund IX draws $100 million commitment Menlo Ventures XII gets $100 million pledge Washington State Investment Board made its first commitment to an FFL buyout fund with a $200 million pledge, part of a trio of private equity investments by the $98 billion pension system. WSIB […]
Washington State Investment Board made its first commitment to an FFL buyout fund with a $200 million pledge, part of a trio of private equity investments by the $98 billion pension system.
After the credit card security breach at Target Inc made big headlines last year, Daimon Geopfert, a cybersecurity expert at McGladrey LLP, started getting a lot more phone calls from private equity firms and other clients worried about protecting their intellectual property and other sensitive data.
Boosted by a 2x return on its investment in online and mobile banking firm Digital Insight, HarbourVest Partners drew strong enough interest to shoot past its $750 million target for HarbourVest Partners 2013 Direct Fund LP, its newest direct co-investing fund.
Blackstone Group said it is not planning to let up on the fundraising trail, with plans by the big private equity firm to launch its second energy fund this year, and possibly its flagship Blackstone Capital Partners VII fund in 2015, which would be only three years after it closed its predecessor.
Wealthy investors are surging into the private equity market. Whether that signals a market top or just reflects another step in the market’s evolution remains a subject of debate.
Evergreen Pacific Partners II LP, the 2008 vintage fund from Seattle-based Evergreen Pacific Partners, turned in an IRR of 33.5 percent as of Dec. 31, 2012, according to performance data from Washington State Investment Board. Tim Bernardez co-founded the firm in 2003 with Thomas McGill and Michael Nibarger.
EnCap Investments LP, the Texas-based energy investor, is raising up to $3 billion for its third midstream fund aimed at domestic oil and gas infrastructure projects, according to a person familiar with the firm.
The Los Angeles City Employees’ Retirement System committed $40 million each to Vista Equity Partners V and Energy Capital Partners III in a move to stick with two existing GPs in its $12 billion pension portfolio.