The Steinbrenner family is reportedly considering selling the Yankees. But don’t expect PE to be all that interested.

Arsenal Capital, which recently held a first close on its third fund, expects to hold a second close soon and has set a cap of $825 million on the fund.

Arsenal Capital generated 4x its invested capital with the sale Novalyte. That should bolster the firm’s effort to raise a third fund.

Let’s say you’re an associate at a buyout shop, and you’re itching to move up the career ladder. How do you do it? How do you send that unmistakable, unspoken message to the partners that you’ll be one of them one day?

A look at the week ahead for venture capital and private equity professionals.

Clear Channel Outdoor Holdings said late Monday that its indirect wholly-owned subsidiary, Clear Channel Worldwide Holdings is selling about $1.25 billion in notes via a private offering. Clear Channel Worldwide plans to loan proceeds of the nets to another unit, Clear Channel Outdoor (CCOI), which will make a special cash dividend to Clear Channel Outdoor [...]

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.

Ryan Seacrest has gone private equity.

Thomas H. Lee Partners and Bain Capital have committed to invest up to $300 million in Ryan Seacrest Media, the investment company from the “American Idol” host. RSM will use the funds to “identify, acquire and develop innovative” media company, media content and other properties.

Over the last 18 months, one of the most acquisitive private equity-backed companies has been inVentiv Health Inc., a provider of marketing, public relations and clinical services to pharmaceutical, biotechnology and medical device companies. Thomas H. Lee Partners took the company private in 2010 for about $1.1 billion. The company has completed no less than eight [...]

Arsenal Capital Partners has decided on its fundraising target for its third fund. The New York-based firm will try to raise $750 million, and will likely kick off fundraising sometime in the spring of this year, Buyouts reported yesterday, citing a source close to the firm’s planning. The firm, which has been pre-marketing the fund [...]