Alex Navab, Navab Capital, KKR, Kohlberg Kravis Roberts
122 Views

Alex Navab likely to go deal-by-deal as he mulls raising a fund

Ex-KKR senior executive Alex Navab’s new firm may function on a deal-by-deal basis in the absence of a formal private equity fund, which could come to market in the coming months, sources told Buyouts. Navab announced his new firm, called Navab Capital Partners, on Thursday, April 18. He will target investments in healthcare, technology, media, […]

private equity, Silver Lake Partners, growth equity, venture capital, loans, lending
136 Views

Silver Lake targets $750 mln for third tech-growth fund

Silver Lake is eyeing $750 million for its third tech-growth credit fund, ramping fund size in an ultracompetitive market for middle-market technology, sources told Buyouts. Silver Lake Waterman Fund III targets investments in pre-IPO, later-stage growth companies in technology, tech-enabled and growth-related industries. It lends money to such companies that don’t want the dilution of […]

private equity, Silver Lake Partners, growth equity, venture capital, loans, lending
385 Views

Silver Lake targets $750 mln for third tech-growth fund

Silver Lake is eyeing $750 million for its third tech-growth credit fund, ramping fund size in an ultracompetitive market for middle-market technology, sources told Buyouts. Silver Lake Waterman Fund III targets investments in pre-IPO, later-stage growth companies in technology, tech-enabled and growth-related industries. It lends money to such companies that don’t want the dilution of […]

MiddleGround Capital, Monomoy Capital Partners, private equity, Christen Paras
217 Views

MiddleGround hires ex-FO exec Paras for business development

MiddleGround Capital, a spinout from Monomoy Capital, hired Christen Paras, an executive from family office CoBe Capital, to run business development, according to a person with knowledge of the firm. Paras’s LinkedIn profile has been updated with the new role, saying she joined MiddleGround in April. Paras joined MiddleGround as the firm moves through its […]

private equity, pension fund, small business, SBA, SBIC
486 Views

LPs try to get used to the rise of subscription lines of credit

Apparently, one GP in market with a fund is offering a unique term: LPs can choose to commit under a structure in which the GP will use a subscription line of credit to delay calling capital. Or the LP can commit outside the commitment credit facility. Each of the options comes with a different fee/carry […]

604 Views

Butterfly agrees to buy Bolthouse Farms from Campbell Soup for $510 mln

Butterfly Equity agreed to buy Bolthouse Farms, which focuses on making healthy products, from Campbell Soup Co. for $510 million in cash. Bolthouse is Butterfly’s fourth investment in food across agriculture, aquaculture, food and beverage products, food distribution and food service. Butterfly operating partner Jeff Dunn will take on the role of Bolthouse’s chief executive officer, where he previously worked as president and CEO from 2008 to 2012, when it was acquired by Campbell Soup.

Jason Cunningham, Eaglehill Advisors, private equity, secondaries
623 Views

Saga of Eaglehill, formed by ex-Citi bankers and backed by Koch, comes to close

The long, strange saga of Eaglehill Advisors, a much-hyped credit shop whose two partners split up, has come to an end. Centre Lane Partners acquired Eaglehill’s portfolio and will manage the assets going forward. The Eaglehill team will not be part of the portfolio going forward, according to Quinn Morgan, co-founder and managing director at […]

Campbell Lutyens, Gerald Cooper, private equity, secondaries, co-investments
1162 Views

Co-investments could be next area of growth for rising secondary market

In an already record-breaking secondaries market, the next area of growth could be the sale of bundles of co-investments, according to Gerald Cooper, partner with secondary adviser and placement agency Campbell Lutyens. “Co-investments have become such a big part of the private equity market,” he said. “If there is some sort of pressure on liquidity […]

172 Views

AlpInvest re-hires Vjerana Spajic on secondaries team

Carlyle Group-backed AlpInvest Partners rehired Vjerana Spajic, who joins as a vice president on the secondaries team. Spajic had been working at 17Capital as an investment director focused on preferred equity investments in Europe. She previously worked at AlpInvest form 2012 through 2015.

Teamwork, winning, excitement
1242 Views

Bridgepoint-backed PEI Media acquires Buyouts Insider, publisher of PE HUB, Buyouts, VCJ

Bridgepoint Development Capital-backed PEI Media Group acquired Buyouts Insider, a digital media and events business with brands like PE HUB, Buyouts, Venture Capital Journal, PartnerConnect events, Regulatory Compliance Watch and Credit Union Leadership Convention. Buyouts Insider was part of Simplify Compliance, a platform backed by Leeds Equity. Financial terms of the deal were not disclosed. The acquisition is the first since Bridgepoint’s 2018 investment in PEI Media Group. It expands PEI’s footprint in the U.S.

JJ Jelincic, CalPERS, private equity, pension fund, BlackRock
443 Views

CalPERS gadfly Jelincic runs for board amid private equity overhaul

A vocal critic of investment manager fees and transparency wants to step back on the stage at the nation’s largest pension as the system works through a massive overhaul of its private equity program. J.J. Jelincic, who was a board member of the California Public Employees’ Retirement System from 2009 to 2017, is gathering signatures […]

Jeffrey Keay, HarbourVest Partners, secondaries
398 Views

Five Questions with Jeff Keay of HarbourVest on state of secondaries

Jeffrey Keay is a managing director at HarbourVest Partners focusing on secondary transactions. Keay took a few minutes to speak with Buyouts about the state of the secondary market, which appears to be on pace to at least match last year’s record-breaking deal activity. 1.) What does secondary deal activity look like right now? With […]

Ted Goldthorpe, BC Partners Credit, credit
494 Views

BC Partners eyes $1 bln for sophomore credit fund

BC Partners launched its second credit fund targeting $1 billion, sources told Buyouts. BC Partners Special Opportunities Fund II is the firm’s first broadly marketed credit pool, sources said. The firm raised Special Opportunities Fund I, which closed on around $200 million in 2017, mostly from firm employees, friends and family and some institutional investors, […]

430 Views

Pritzker-backed C.H. Guenther acquires Mid South Baking Co.

Pritzker Private Capital-backed C.H. Guenther & Sons acquired Mid South Baking Co., which supplies buns and English muffins to quick-serve restaurants in the southern U.S. Financial terms were not disclosed. Pritzker owns C.H. Guenther along with management and co-investors. With the acquisition, C.H. Guenther has more than 3,500 employees in 24 food manufacturing locations in the U.S., Canada and Western Europe.

1163 Views

Hg opens NY office, led by ex-Temasek and CVC executives

Hg opened a New York office to support the firms existing activities, specifically supporting three U.S.-headquartered software companies, and capitalize on new investment opportunities. The U.S. team will initially have 10 investment professionals, led by Ben Meyer, who joined last year from Temasek, and Gero Wittemann, who joined last year from CVC Capital Partners. Hg appointed Andrew Sukawaty as U.S. chairman.

308 Views

Joe Savig out at Accel-KKR as firm sets out to raise $2 bln for sixth fund

Two senior-level executives at Accel-KKR are changing their roles as the firm kicks off fundraising for its sixth flagship pool, sources said. Managing Director Joe Savig has left the firm, sources said. It’s not clear why he departed. Savig joined the firm in 2007, prior to which he worked at Graham Partners, according to his LinkedIn profile. For the past two […]