Oregon State Treasury, Oregon Public Employees Retirement Fund, Sam Green, private equity, pension fund

Oregon Treasury private equity LP Sam Green to leave

Sam Green, a veteran private equity investment officer with Oregon State Treasury, is leaving at the end of June, a spokesman confirmed for VCJ. Green resigned as of June 30, James Sinks, the spokesman, said. The system will appoint a successor but hasn’t yet begun the search, he said. Green declined comment on his plans. He […]

Photo of Jonathan Silverstein courtesy of Silverstein Foundation
397 Views

OrbiMed’s Silverstein discloses Parkinson’s diagnosis, plans to stay in role

Jonathan Silverstein, partner at healthcare investor OrbiMed Advisors, has been diagnosed with a rare form of Parkinson’s disease, but will continue full-time in his role as global co-head of private equity at the firm, he said in a letter to limited partners on April 12. Silverstein, who declined to comment, also disclosed his illness on a […]

private equity, IFC, Africa, emerging markets
151 Views

Editor’s Letter: Nervous dealmakers; hyper LPs

A familiar refrain echoed through the brightly lit rooms of the Hyatt Regency in Boston in March. Prices are high, said dealmakers at Buyouts’ PartnerConnect East conference on panel after panel. They’re so high that the environment is starting to feel like that golden era back in 2007. GPs are underwriting deals to mid-teen IRRs, […]

LP ILPA
392 Views

LPs scrutinize capital call credit lines as their popularity ‘explodes’

The Institutional Limited Partners Association wants to make sure fund managers are transparent with investors about their use of capital call credit lines and, in particular, about the impact that the loans have on IRRs and investment multiples. The Washington-based trade group for limited partners is crafting guidance on best practices in the use of […]

LP ILPA
1615 Views

LPs scrutinize capital call credit lines as popularity ‘explodes’

The Institutional Limited Partners Association wants to make sure fund managers are being transparent with investors about their use of capital-call credit lines and particularly about how the loans affect IRRs and investment multiples. The LP trade group is crafting best-practices guidance for use of these credit lines, which enable fund managers to close on […]

Ponoi Capital, Column Group, Texas County & District, pension fund, private equity
674 Views

Sterling-Partners-backed Adeptus hires FTI for revamp advice

Adeptus Health, a portfolio company of Sterling Partners, hired FTI as a restructuring adviser amid a collapse in its stock price. The company said on March 1 it also hired Houlihan Lokey Capital Inc as financial adviser for the board and management as they explore strategic options, an SEC filing shows. Adeptus hired FTI’s Andrew Hinkelman […]

Patrick of Brazos Private Equity. Photo courtesy of the firm.
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Former Brazos execs partner with H. Ross Perot Jr on EnergyNet deal

MPK Equity Partners, a partnership of two executives from Brazos Private Equity Partners plus H. Ross Perot Jr, invested in EnergyNet, an online marketplace for buying and selling oil and gas assets. EnergyNet, Amarillo, Texas, announced the deal last week. Mike McGill, Joe Terzo, Briton Bruge and Bonny Gammill of MHT Partners worked as EnergyNet’s financial adviser. The […]

Platinum Equity, Mark Barnhill, private equity, Kelly DePonte, Probitas Partners
861 Views

LPs wanted in to Platinum Equity Fund IV. They had to move fast.

Platinum Equity managed demand for its fourth fund, which recently closed on $6.5 billion, by reducing the time between first closing and deadline for LPs to file final commitment documents to 90 days, according to Mark Barnhill, partner at the firm. “A number of large investors couldn’t make the deadline [and] they were winnowed out,” […]

private equity
156 Views

Deal of the Year: Introduction

Our Deal of the Year winner for 2017 is Anchor Glass Container, a company that to most people may not have looked like much of a winner when KPS Capital Partners acquired it in 2014. Anchor Glass, which makes glass bottles used by the liquor, beverage and food sectors, filed for bankruptcy three times in […]

private equity, mergers, M&A
113 Views

Time to step back and recognize last year’s top deals

It’s that time again … time to recognize private equity firms for their outstanding work on deals. Five firms stood out this year for strong work and lucrative exits in 2016: Carlyle Group, American Capital, KPS Capital Partners, Providence Equity Partners and Levine Leichtman Capital Partners. Deal of the year gives us here at Buyouts a chance to take a […]

ICV Partners, Willie Woods, private equity
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ICV Partners hits market with Fund IV

ICV Partners is in market with its fourth fund, targeting $500 million with a $750 million hard cap, according to two sources with knowledge of the firm. If it hits the target or hard cap, Fund IV would be ICV’s largest to date. The firm, founded by former banker Willie Woods in 1998 as Inner […]

Insight Venture Partners, Jeff Horing, private equity
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Insight Venture Partners launches $6 bln fundraising

Insight Venture Partners is targeting $6 billion for its next fundraising, which will include its 10th fund, according to two people with knowledge of the firm. It’s not clear whether the $6 billion total target also includes a coinvestment fund. Jeffrey Horing, co-founder and managing director of Insight VP, did not return a request for […]

private equity, mergers, M&A
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Editor’s Letter: Tackling family leave in PE

Private equity has never been great at diversity and inclusion. It didn’t have to be — firms made a lot of money and no one cared too much that it was a bunch of white guys doing it. But the world is changing and business must adapt. Women are woefully underrepresented in PE. In the upper levels […]

Annie Lamont, Oak HC/FT, venture capital, private equity
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Oak HC/FT targets $500 mln for second venture growth fund

Oak HC/FT, a spin-out from Oak Investment Partners, is targeting $500 million for its second fund. The self-described venture growth specialist also set a $600 million hard cap on Fund II, according to two people with knowledge of the firm. Fund II will “likely [be] a fast fundraise. Fund I is young but is looking strong,” said one […]

Photo of Rene Yang courtesy of Alan Fleischmann
800 Views

Vista’s micro-cap fund speeds toward final close

Vista Equity introduced the idea for a small-market fund last year and immediately had strong demand from the LP world, sources told Buyouts in past interviews. That demand has translated in a quick fundraising process. Endeavor Fund, targeting $400 million with a $500 million cap, hit the market around January and may hold a final […]

Donald Trump, private equity, infrastructure, budget, U.S. Congress
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President taps Macquarie banker Gribbin as infrastructure adviser

David James “DJ” Gribbin, a former Macquarie banker and transportation infrastructure specialist, has joined Donald Trump’s administration as a special assistant to the president for infrastructure policy. The White House announced the appointments of Gribbin and other senior staff on Feb. 28. The statement confirms an earlier PE HUB report that Gribbin was joining the Trump […]

Alaska Permanent Fund, private equity, pension fund, Whitehorse Liquidity Partners, Yann Robard
345 Views

Whitehorse Liquidity gets anchor commitment from Alaska

Whitehorse Liquidity Partners, in the market with its debut fund that focuses on a preferred equity strategy, recently got a big vote of confidence from Alaska Permanent Fund Corp. Whitehorse, formed in 2015 by former CPPIB secondary executive Yann Robard, is in market targeting $300 million for its debut fund, according to a Form D […]

Photo of GSV Growth's David Spreng courtesy of the firm.
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Oaktree-backed GSV Growth nears $275 mln cap for direct lending

GSV Growth Credit, a private business-development company that counts Oaktree Capital Group as an investor and partner, is nearing the cap on its debut vehicle, according to a marketing document seen by Buyouts. GSV Growth Credit, which is part of the Global Silicon Valley merchant-banking organization, raised $210 million as of December 2016 and is approaching […]