GI Partners Eyes $1.5B For NorthAm-Only Fund

GI Partners is preliminary discussions with its investors about raising its fourth flagship buyout fund, which will likely seek $1.5 billion. Unlike GI Partners’ previous funds, which targeted deals in the U.S. and Europe, Fund IV will target deals only in North America.


Carlyle Raises First Solo Energy Fund: CORRECTED

The Carlyle Group has closed an energy-focused mezzanine fund, the first energy fund the firm has ever raised by itself. But the fund also raises questions about how the firm is approaching the booming energy industry following its long partnership with Riverstone.

PE Assesses Sandy, Need For Infrastructure Investing

With estimates of Hurricane Sandy damage hovering around $20 billion, the catastrophe could be a boon to construction-related portfolio companies.   Indeed, construction company executives are already examining affected areas and some are even worried about finding enough workers fast enough, The New York Times reported Oct. 31. PE firms and their portfolio companies could […]

Auto Deal Engines Rev Up

Buyout firms eyeing growth opportunities have delved into the automotive sector in recent months, betting that the industry will continue to rebound from its near-death experience in the financial crisis.American Securities, The Carlyle Group, Madison Dearborn Partners, and TPG Capital are amount those investing in a sector dominated during the downturn by turnaround firms like KPS Capital Partners and Sun Capital Partners.

RLH Equity Raises $260M, Eyes February Close

Riordan Lewis & Haden Equity Partners has raised $260 million for its third buyout fund, and is planning on closing the fund in February, Buyouts reported earlier today, citing a source close to the process. The firm, which has surpassed its $250 million target for the fund, could close it at as much as $335 […]

Bruce Rauner Says Public Sector Needs PE Pros

Bruce Rauner, an early partner with Chicago-based GTCR LLC, is widely believed to be weighing a bid for governor of Illinois in 2014 on the Republican ticket. For years he’s been deeply involved in public service in Chicago, most notably in helping to push education reform in 2011 and, recently, criticizing the Chicago Teachers Union over the recent strike there.

Canadian Shop Surpasses C$400 For Fund III

TorQuest Partners Inc. has raised more than C$400 million ($405.7 million) for its third fund, Buyouts reported recently, citing a source close to the fundraising effort.   The Toronto-based firm is seeking to raise C$550 million, which is the same amount it raised for its previous fund in 2006. Previous investors have included MassPRIM, Kensington […]

Debut Fund Expected To Close At $600M

Siris Capital Group expects to close its debut fund at $600 million around Thanksgiving, $200 million more than its target, Buyouts reported yesterday, citing a source. The firm has raised $370 million so far and is expecting another close in September that would take it to as much as $450 million, which would exceed its […]