U.S.-based buyout and mezzanine fundraising was uneventful over the past two weeks, with the year-to-date total growing from $42.2 billion to $45.5 billion. That total is $12.5 billion less than it was at this time last year. Kohlberg Kravis Roberts & Co headlined the effort by closing KKR Special Situations Fund II. The fund exceeded expectations […]
The troubled oil and gas sector is fueling the climb in Moody’s Liquidity-Stress Index, a tracker of companies currently experiencing financial difficulty. As commodity prices continue to fall, the industry hit a record high LSI of 31.6 percent.
State of Rhode Island Investment Commission realized $107.6 million and saw its distribution pool rise 7 percent in the first nine months of 2015. Rhode Island’s own Nautic Partners played the biggest part in that growth. Nautic Partners VI was the top fund by distribution percentage (distributions during the year as a percent of contributed capital), […]
U.S.-based buyout and mezzanine fundraising surged over the past two weeks, with the year-to-date total growing from $27.8 billion to $42.2 billion. It still trails where it was at this time last year by $11.2 billion. Advent International spearheaded the charge by closing Advent Global Private Equity VIII. The mega-fund set a $12 billion target and […]
Middle-market buyout funds are better investments than their bulkier counterparts, according to Cambridge Associates. The average IRR for above-median middle-market vehicles outperform large-market in the five- and 10-year outlooks.
The New York State Common Retirement Fund realized $7.4 billion in distributions during the year ending March 2015, with a big assist from Blackstone Group and Apollo Global Management. Blackstone Capital Partners V was the top distributing fund in absolute terms for the NYSCRF during that stretch. The 2005-vintage returned $307.7 million on an investment of $679.2 million. Apollo had […]
The New York State Common Retirement Fund realized $7.4 billion in distributions during the year ending March 2015, with a big assist from Blackstone Group and Apollo Global Management. Blackstone Capital Partners V was the top distributing fund in absolute terms for the NYSCRF during that stretch. The 2005-vintage returned $307.7 million on an investment of […]
The New York City Employees’ Retirement System, the largest pension for municipal public employees in the United States, realized $479.7 million in the first six months of 2015, with funds from Vista Equity Partners and Leeds Equity Partners spearheading the charge. Among buyout funds, the 2011-vintage Vista Equity Partners IV added the most to the Big Apple pension’s bank account […]
The New York City Employees’ Retirement System, the largest pension for municipal public employees in the United States, realized $479.7 million in the first six months of 2015, with funds from Vista Equity Partners and Leeds Equity Partners spearheading the charge. Among buyout funds, the 2011-vintage Vista Equity Partners IV added the most to the Big Apple […]
For limited partners, distributions from global buyout firms outpaced draw-downs by nearly $170 million in 20152014, a little less than the nearly $183 million differential the year before, according to PitchBook.