Parthenon, on deal tear, comes to market with sixth flagship fund

Parthenon Capital, a prolific healthcare and fintech investor, is back in market with its sixth flagship fund, targeting $1.5 billion, two LPs told Buyouts.  The fund, if it hits target, would be larger than Parthenon’s prior fund, which closed on its hard cap of $1 billion in 2016. Parthenon Investors V beat its initial target […]

Tony James, Blackstone Group, PartnerConnect Midwest, Family Offce, Jefferson Capital, real estate, Bill Helm

Blackstone works with GSO investors to resolve looming key-person issue

Blackstone Group is negotiating with investors to allow a new $7 billion credit fund to keep investing after the announced departures of two senior executives threatened to cut off the fund’s ability to make new investments. Blackstone is offering limited partners in GSO Capital Solutions III a management fee reduction on new and existing investments, […]


Court Square senior executive leaves amid fundraising

One of Court Square Capital’s managing partners left the firm earlier this year as the firm was in the middle of raising its fourth fund, sources told Buyouts. The departure of John Civantos, considered one of the firm’s “rock star” investors, according to a limited partner, may have helped slow the fundraising process for the […]

private equity, Chris Witkowsky

Has fear crept into the PE markets?

It’s been such a strong year for fundraising, it’s hard to believe that 2019 has proven to be a much slower year on the M&A front. Firms have raised more money than last year, with fundraising keeping up despite uncertainties in the markets and in the world. But where is that capital going? The answer […]

Robert Smith, Vista Equity Partners, private equity, Marketo, fintech, merger, M&A, Adobe

Vista launches next mid-market fund with new co-head

Vista Equity Partners is raising its next middle-market fund, and it will have a new senior executive co-leading the operation, sources told Buyouts. Vista Foundation Fund IV is targeting $3.25 billion, and does not yet have a cap, one of the sources said. Fund IV could raise upwards of $4.5 billion by the time fundraising […]

Boston Massachusetts MassPRIM

TA seeks up to $1 bln to double down on its strong performers

TA Associates is raising up to $1 billion to take minority stakes in certain portfolio companies its main fund is selling as a way to hold those investments longer, according to two sources and the firm’s regulatory filings. Through the strategy, the firm will be able to deliver liquidity back to the main fund, and […]


Audax-backed Gastro Health adds-on Puget Sound Gastroenterology

Audax Private Equity-backed Gastro Health added-on Puget Sound Gastroenterology, a gastro platform of 32 providers based in Seattle, Washington, with four additional locations throughout western Washington. The deal represents Gastro’s sixteenth acquisition since Audax’s 2016 investment.


Tecum backs JPB Partners’s buy of The Helpful Hardware Co.

Tecum Capital Partners provided subordinated debt and equity to back JPB Partners’s acquisition of The Helpful Hardware Co., an Ace Hardware franchise. Existing Chief Executive Officer Darin Workman will stay with the company and retain a minority stake. Financial terms of the deal were not disclosed.


Periscope Equity promotes its first hire, John Findlay, to partner

Periscope Equity promoted John Findlay to partner. Findlay joined Periscope in 2013 as vice president and the firm’s first hire. He worked on each of Periscope’s platform investments to date and served on the boards of Sentrics, Strategic Pharma Solutions and currently serves on the boards of Power Digital Marketing and Integrated Behavioral Health.


Probitas Partners co-founder Michael Hoffman retires from firm

Michael Hoffman, one of the founders and president of placement agency Probitas Partners, retired from the partnership in July, according to Kelly DePonte, managing director at the firm. Hoffman, 58, was one of three founders. The other two, Managing Directors Greg Hausler and Craig Marmer, continue to lead the firm, DePonte said. It’s not clear […]


Cresco Capital leads $7.5 mln Series B funding in PathogenDx

Cresco Capital Partners led a $7.5 million Series B funding round in PathogenDx, which provides testing technology for the cannabis, hemp, agriculture and food safety industries. Additional investors in the funding round include Altitude Investment Management, Arcadian Investment Partners, Panther Opportunity Fund, Salveo Capital, Flatiron Venture Partners and others.