Eyes SEC interest around zombie funds SEC trying to work closely with private equity Regulators down on accelerating monitoring fees Aaron Schlaphoff, who recently joined Kirkland & Ellis as a partner after working at the Securities and Exchange Commission, in an interview with Buyouts flagged compliance issues for GPs around zombie funds, accelerated monitoring fees and other potential sticking […]
Despite my best intentions to get to the bottom of every story, I’ve recently run into a handful of private equity funds whose strategies and capital sources remain unfathomable. My calls and research led to some tantalizing tidbits but incomplete narratives. Pantheon Ventures manages $400 million for two mystery investors Pantheon Ventures, the London fund-of-funds manager with $32 billion in assets under management, filed Form Ds with […]
BDCs on the block, but no deals yet Deals derailed by noise around shareholder activism Energy swoon may impact fund IRR performance When it comes to consolidation among public Business Development Companies, it’s not just about price. One would think at least a couple of closed deals would have been chalked up by now given […]
PE investment officer Scott Brown left in January Joined CalPERS in 2013 and worked on the PE co-investment team Appears to have started business called Inefficient Market Labs Scott Brown, a private equity investment officer at the California Public Employees’ Retirement System, left the pension in January, a CalPERS spokesman confirmed. It’s not clear when […]
Vista Foundation Fund III targets $2 bln Second small-cap fund raised $1.1 bln in 2013 Vista is in market with three funds Vista Equity Partners has set a $2.5 billion cap on its third small-market fund, which is targeting $2 billion, according to a limited partner who has heard the pitch. Vista’s Foundation Fund III […]
Ares shops $200 mln fund to invest in CLO equity tranches Fund targets 16 pct net returns Seeks distressed opportunities around CLOs Ares Management is marketing a fund to invest in the equity tranches of collateralized loan obligations, according to a limited partner who has seen the fund pitch. Several managers are out with opportunity funds […]
LA Fire and Police Pension expects other LPs to follow lead LAFPP also adds GPs who are disabled veterans to mandate “First time I have ever seen this,” says one LP advisor The Los Angeles Fire and Police Pensions will expand its private equity emerging manager program to include funds owned and managed by lesbian, gay, […]
Special Credit Partners III core fund targets $1.5 bln Reserve fund targets $3.5 bln Reserve fund to be activated only if opportunities arise Centerbridge Partners is in market with its third distressed debt fund that will put a bulk of capital in reserve to spend if the market spirals downward, according to a limited partner […]
Omaha-based McCarthy targets $325 mln Total to include $50 mln GP commitment Nebraska, Montana among Fund VI limited partners Recent commitments from the Nebraska Investment Council and Montana Board of Investments should put McCarthy Capital within reach of its sixth fund’s $325 million target. McCarthy, a 30-year old firm based in Omaha, Nebraska, received up to […]
Change has come slowly, but the private equity industry has become more diverse. Women have steadily made their way into the upper ranks of firms, and firms are finding ways to recruit and retain talented women. This is a big change. Ten years ago, one female GP told us, this magazine would not have been able […]