Steve Gelsi

Benefit Street Partners, the credit arm of Providence Equity Partners, said it closed its direct lending fund, Providence Debt Fund III LP, at its hard cap of $1.75 billion, well ahead of its $1 billion target, in a move to build up dry powder for mid-market financing deals.

Dominus Capital has put portfolio company Spectrum Corp on the selling block in a transaction being handled by Lazard’s middle market advisory shop out of Minneapolis, according to two sources familiar with the deal.

Pension fund upped private equity target in 2013 Meketa joins incumbent consulting firm PCA Next allocation review to take place in 2015 Meketa Investment Group, the San Diego-based advisory firm founded in 1978, will advise the investment committee of the California State Teachers’ Retirement System on its allocations to private equity and other asset classes as […]

Meketa Investment Group, the San Diego-based advisory firm founded in 1978, will advise the investment committee of the California State Teachers’ Retirement System on its allocations to private equity and other asset classes as part of a new consulting assignment.

SSM Partners has scored an investment gain of 7x on the sale of its interest in Datacert to Wolters Kluwer Corporate Legal Services, according to a person familiar with the Memphis-based growth equity specialist.

Sycamore Partners held a first close at $2 billion for its second private equity fund, as the New York-based buyout shop prepares to wrap up its largest-ever acquisition, The Jones Group Inc, according to sources familiar with the firm.

CVC Capital Partners said it hired John D. Clark from Welsh, Carson, Anderson & Stowe to work as managing partner in its New York office with a focus on middle-market, growth-oriented private equity investments in the technology, software and tech-enabled business services sectors. 

Riverside Co has reached $140 million in commitments for its third Small Business Investment Company (SBIC) fund, as the lower-middle-market buyout firm moves closer to a $225 million target for the pool, according to a filing with regulators and a source familiar with the firm. 

The Blackstone Group may be facing a case of infrastructure envy as its rivals raise billions for the increasingly popular asset class.