Steve Gelsi

Firm: Blackstone Group Fund: Strategic Partners Fund VI Target: $3.5 billion Hard Cap: $4 billion Amount raised: At least $700 million Placement Agent: Park Hill With interest in secondary deals running strong, The Blackstone Group pushed up the target for Strategic Partners Fund VI to $3.5 billion, $600 million more than the fund’s predecessor, with […]

Sorenson Communications Inc, a portfolio company of GTCR and Madison Dearborn that provides video relay services to the hearing impaired, expects to exit bankruptcy in about two months as it grapples with a downturn in payments from the Federal Communications Commission.

New Jersey Treasurer Andrew Sidamon-Eristoff has named Christopher McDonough as director of the Garden State’s division of investment to lead a team that overseas $87 billion in assets, including private equity investments.

Fund-of-funds manager Pathway Capital Management has raised $700 million for Pathway Private Equity Fund XXV from two investors, according to a recent regulatory filing.

Chris McDonough had been acting director of investment Timothy Walsh left Garden State post in 2013 McDonough had been CIO of the city of Philadelphia New Jersey Treasurer Andrew Sidamon-Eristoff has named Christopher McDonough as director of the Garden State’s division of investment to lead a team that overseas $87 billion in assets, including private […]

Valor Equity Partners, the Chicago-based buyout firm currently in the market to raise Fund III, disclosed a value greater than $75.9 million for its investment in Elon Musk’s Space Exploration Technologies, or SpaceX, according to a public document.

HGGC’s pending acquisition of a controlling stake in Serena Software for an undisclosed sum marks the Palo Alto, California-based buyout firm’s first platform deal from HGGC Fund II LP, its buyout fund that is currently in the market.

Arsenal Capital Partners bought Danlin Industries from Hastings Equity Partners for an undisclosed sum as its second oil-services deal in March after the New York-based buyout shop moved to acquire specialty chemicals firm Kel-Tech, according to a person familiar with the firm.

Energy & Minerals Group, the Texas-based private equity shop led by John T. Raymond, is expected to hit the $3.5 billion cap for Energy & Minerals Group Fund III in the second quarter, as it invests in the emerging Utica shale oil region of Ohio, according to a person familiar with the fund.