“Ultimately, we’re judged by the same measures as a GP, which is performance.”

Lower-rated borrowers are seizing the opportunity to amend and extend their debt facilities while lenders are willing to accept them, sister magazine Buyouts reports.

After acquiring the recycling technology assets of FCR Inc., five private equity firms have partnered to launch Re Community Holdings LP, a platform focused on recycling communities. Pegasus Capital, Intersection, MissionPoint Capital Partners, HarbourVest Partners LLC, and Ares Capital Corporation have partnered on the effort, which is designed to enable community partners to generate additional revenue, recover community owned resources, create new jobs, fund budget shortfalls, and reduce their carbon footprint, the firms said in a release.

Holtzbrinck Ventures closed its fourth fund at 177 million euros ($231 million), Reuters reported. The investment vehicle is the first fund the German-based firm completed in partnership with HarbourVest Partners LLC of Boston, Mass. The fund will invest in Holtzbrinck’s portfolio companies and in other media companies. * Holtzbrinck launches 177 mln euro investment fund [...]