Thomas H. Lee Partners, Beverly Berman, private equity

Longtime fundraiser Beverly Berman to leave TH Lee

Beverly Berman, a longtime investor-relations professional, is retiring from Thomas H. Lee Partners in the coming weeks, a person with knowledge of the situation said. Managing Director Greg White will remain head of IR at THL, while Principal Tyler Griffith, who joined the firm in 2010 and has worked on the IR team for several years, […]

Stagwell Group, Carlyle Group, AlpInvest Partners, Mark Penn, Steve Ballmer, private equity, merger, M&A
242 Views

AlpInvest becomes first outside investor in ex-Clinton adviser’s firm

AlpInvest Partners led a $260 million capital infusion in Stagwell Group, the investment firm launched by ex-Bill Clinton adviser Mark Penn, as part of a secondary process, the firms confirmed Tuesday. Buyouts exclusively reported this month that AlpInvest was lead investor on the transaction. AlpInvest appears to have completed the deal on its own and was […]

Hammond Kennedy Whitney, Monument Microcap Partners, private equity
557 Views

Ex-HKW execs form fundless firm to target small end of market

Two ex-CEOs of Hammond, Kennedy, Whitney & Co joined with other partners to form a fundless firm targeting the smallest end of the market. Monument MicroCap Partners comes as more private equity executives choose to launch fundless firms that source capital from select groups of investors. Partner Roy Whitney and Managing Partner Glenn Scolnik launched Monument MicroCap […]

413 Views

Peak Rock Capital agrees to buy pizza crust business from Tyson Foods

Peak Rock Capital agreed to buy TNT Crust business, which makes pizza crusts, from Tyson Foods. The transaction is expected to close in September 2018. The deal is Peak Rock’s seventh recent food and beverage investment, including Sweet Harvest Foods, a producer of honey; Berner Food & Beverage, which makes dairy-based snacks and beverages; and Diamond Crystal Brands, which makes portion control and single-serve food and beverage products.

Riverwood Capital, private equity, Latin America
366 Views

Riverwood targets $1.5 bln for core fund and LatAm sidecar

Riverwood Capital is targeting $1.25 billion for its third flagship fund and $250 million for a sidecar focused on investments in Latin America, according to a person with knowledge of the firm and SEC filings. The total capital is $1.5 billion. Riverwood Capital Partners III and Riverwood Capital Partners LatAm are in market now and […]

DuPont Capital Management, Kevin Campbell, Eric Wilcomes, private equity, venture capital
204 Views

DuPont Capital loses senior members of private markets team

Two members of the private-markets team at DuPont Capital Management, Kevin Campbell and Eric Wilcomes, have left the group, a DuPont spokesman confirmed for VCJ’s affiliate publication Buyouts. Campbell was managing director of the private-markets team for the company’s private pension fund. Wilcomes was a portfolio manager on the team. Why they left or whether anyone […]

DuPont Capital Management, Kevin Campbell, Eric Wilcomes, private equity, venture capital
383 Views

DuPont Capital loses senior members of private markets team

Two members of the private-markets team at DuPont Capital Management, Kevin Campbell and Eric Wilcomes, have left the group, a DuPont spokesman confirmed for Buyouts. Campbell was managing director of the private-markets team for the company’s private pension fund. Wilcomes was a portfolio manager on the team. Why they left or whether anyone is stepping […]

Larsen MacColl Partners, private equity
272 Views

Small PE shop completes tender offer on 2008 fund

Secondaries get done in the smallest end of the market, though such deals usually fly under the radar. One such recent deal involved Larsen MacColl Partners, a small investment shop in Wayne, Pennsylvania. The firm completed a process enabling investors in its 2008 debut fund to cash out their stakes in the pool, sources said. […]

Scout Energy Partners, private equity, oil and gas
705 Views

Scout Energy Fund IV hits $500 mln hard cap, is 80 pct deployed

Scout Energy Partners closed its fourth fund on its $500 million hard cap and has already deployed around 80 percent of the pool, sources told Buyouts. Fund IV closed in July, sources said. At its current deployment level, Scout expects to come back to market with Fund V later this year, sources said. It’s unusual […]

Jordan Co, private equity
384 Views

Jordan Co hits $3.2 bln target on Fund IV

Jordan Co raised about $3.2 billion in a recent third close, hitting the target on its fourth fund, according to an investor letter seen by Buyouts. Fundraising is substantially complete, according to an LP with knowledge of the fund. When Fund IV will hold a final close is unclear. Resolute Fund IV was set for a final […]

private equity, emerging manager
261 Views

Editor’s Letter: Raising a fund as an emerging manager

Among the toughest things a GP can do is go out and ask people for money. And that is the challenge first-time managers have when raising a fund. GPs are deal people and fundraising for a new fund could be a slog, said Jeff Gendel, principal in business development with Gen II Fund Services, a […]

Stagwell Group, Carlyle Group, AlpInvest Partners, Mark Penn, Steve Ballmer, private equity, merger, M&A
285 Views

AlpInvest leads secondary process for ex-Clinton adviser’s investment firm

AlpInvest Partners is lead investor in a liquidity process by Stagwell Group, the investment firm formed by ex-Bill Clinton adviser Mark Penn, sources told Buyouts. It’s not clear if AlpInvest is leading a consortium or working alone. Chris Ullman, spokesman for Carlyle Group, which owns AlpInvest, declined to comment. Stagwell is looking to cash out […]

Doug Sutton, Huron Capital, Flex Equity Fund, private equity
255 Views

Five Questions with Doug Sutton of Huron Capital

Doug Sutton leads Huron Capital’s new Flex Equity Fund, which invests in non-control deals in the lower-middle market. Flex Equity Fund closed on $142 million in April. Sutton chatted with Buyouts on the strategy. 1. How did the idea for the Flex Fund come about? There were multiple factors that went into creating the new fund. […]

Oncap, Onex, Evan Hershberg, private equity
1105 Views

Oncap postpones launch of small-cap fund amid executive departure

Oncap, Onex’s middle-market private equity platform, postponed the launch of a small-cap platform called Oncap Growth after the senior executive focused on the effort decided to leave the firm, according to a note to investors seen by Buyouts. “In light of this new development, we are deferring our plans to launch Oncap Growth, our small-cap […]

282 Views

Revelstoke invests in DataLink Fund Solutions

Revelstoke Capital Partners made a growth investment in DataLink Fund Solutions, which provides integrated health management applications. The investment is Revelstoke’s second investment in Revelstoke Capital Partners Fund II.

374 Views

Industrial Opportunity Partners acquires SignResource as part of signage platform

Industrial Opportunity Partners acquired SignResource, LLC, which designs and makes signage and brand identification for various industries, as part of a holding company the firm formed called SRR Holdings. SRR owns SignResources and Royston LLC, which IOP acquired in March. SignResource and Royston will collaborate but remain independently operated businesses under the SRR Holdings umbrellas. Terms of the deal were not disclosed.