198 Views

Highland Capital hires two in business development

Highland Capital Management hired Laurie Whetstone as a managing director and Kieran Brennan as a director. Both work on business development, expanding its team in anticipation of increased opportunities in distressed credit. Whetstone joins from Bernstein Private Wealth Management. Brennan joins from Connor, Clark & Lunn Financial Group.

Bain Capital, private equity, impact investing, Deval Patrick
378 Views

Bain’s Deval Patrick mulls tying carry to social impact

Deval Patrick, a senior executive on Bain Capital’s impact investment fund, wants to find a way to tie carried-interest awards to the level of societal or environmental impact of such investments, he told an industry conference Thursday. This would help give executives on the impact team incentive to achieve both strong financial returns and measurable environmental […]

JP Morgan, One Equity Partners, Richard Cashin, private equity
470 Views

One Equity talks to LPs about Fund VII with $1.75 bln target

One Equity Partners, which spun out of JP Morgan, is gearing up to raise its next fund, targeting at least $1.75 billion, sources told Buyouts. Fund VII is not yet officially in the market, sources said. The firm has discussed the fund with certain limited partners, they said. When the fund will initially start fundraising […]

Photo of Sean Gallary sourced from AlpInvest website
708 Views

AlpInvest seeks at least $500 mln to buy GP minority stakes

AlpInvest Partners is targeting at least $500 million for a fund that will buy minority stakes in GP management companies, sources told Buyouts. The fund is in the market now, said one LP who has heard the pitch. The fund is focused solely on minority stakes in private equity firms, sources said. The fund could […]

private equity
356 Views

Editor’s Letter: Feeding frenzy awaits fundraisers

Along with funds already in the market, three big-hitters are likely coming back this year, which should make for a limited partner feeding frenzy. Vista Equity is coming back this year with Fund VII, which will likely target as much as Fund VI ($11 billion) or more, sources told me. LPs anticipate Vista will officially […]

Photo of Barry Volpert sourced from Crestview's website
413 Views

Crestview may target $3.5 bln for Fund IV: updated

Crestview Partners is talking to limited partners about its next flagship fund, which could target $3.5 billion but could seek more than that, sources told Buyouts. No target or cap has officially been set and the numbers could change, sources said. One LP said the fund could raise closer to $4 billion. It’s not clear when Crestview will […]

Photo of Eric Saucedo courtesy of Tricap
1503 Views

Tricap Partner Eric Saucedo unexpectedly dies

Eric Saucedo, a partner at Tricap Partners & Co, died unexpectedly on Jan. 5, Diane Sanchez, partner at the firm, confirmed for Buyouts. Saucedo, who was 52, took his own life, according to his brother, Christian Saucedo. He battled with depression for many years, Christian said. Saucedo worked at Tricap for 13 years, joining in […]

Photo courtesy of Ron_Thomas/E+/Getty Images
453 Views

Cleantech investor NewWorld Capital winding down business

Private equity firm NewWorld Capital Group, formed in 2009 to invest in environmental services including clean energy, waste management and other related markets, is winding down its business. The New York firm decided last summer to wind down after meeting with limited partners about raising its first institutional fund, targeting $300 million or more, said […]

Photo of Sean Giese sourced from LinkedIn
505 Views

TCV’s Sean Giese joins KKR tech spinout True Wind

Sean Giese, a longtime principal at Technology Crossover Ventures, has left the firm to join technology-focused True Wind Capital as a principal. Giese spent more than a decade at TCV, according to his LinkedIn profile. Among the tech investments he worked on were Actifio, Cradlepoint, Datto, ExtraHop, Fuze, GoDaddy and Twilio, according to True Wind’s […]

Vista Equity, private equity, Robert Smith, Datto, Autotask, merger, M&A
908 Views

Vista eyes launch of next flagship fund this year

Vista Equity Partners has quickly deployed about three-quarters of its sixth fund and will likely start to raise its seventh this year, three sources told Buyouts. It’s not clear when Fund VII will hit the market. One source said the fund could hit the market as early as the first quarter. Other sources said they expect […]

Photo courtesy of Wikimedia Commons
315 Views

Gores small-cap senior exec Otley leaves firm

Victor Otley, one of the co-founders of Gores Group’s small-cap investment fund, left the firm at year-end, according to sources. Otley updated his LinkedIn profile. He worked at Gores since 2006, helped lead fundraising for Gores Small Capitalization fund with other partners, and led the small-cap investment team to the end of the fund’s investment […]

220 Views

Searchlight invests in Italian broadband provider EOLO

Searchlight Capital invested in Italian fixed wireless access broadband provider EOLO, which operates primarily in the residential market. Searchlight is investing alongside the company’s President and Chief Executive Luca Spada, who will retain his role and remain a significant shareholder. Terms of the deal were not disclosed.

Harvard University, endowment, private equity, diversity, discrimination
655 Views

Harvard endowment PE exec Hall to take role at UTIMCO

The former head of private equity at Harvard’s endowment, whose title changed after an organizational restructuring last year, is leaving the system, according to an internal memo. Richard Hall, who joined the endowment in 2014 as head of PE, will depart Feb. 2 and become deputy chief investment officer at University of Texas Investment Management […]

Sameer Shamsi, Evercore, Credit Suisse, private equity
534 Views

Ex-Evercore secondaries exec joins Credit Suisse

Sameer Shamsi, a former secondary advisory executive at Evercore, joined the secondary team at Credit Suisse, a spokeswoman confirmed. Shamsi started as a director on the team Dec. 5, the spokeswoman said. He worked at Evercore from 2013 to last year. He was a director in secondary advisory at UBS from 2010 to 2013, his […]

Butterfly Equity, private equity, food, aquaculture
1252 Views

Butterfly, formed by ex-KKR, Vista execs, invests in striped-bass aquaculture business

Butterfly Equity, formed by executives from Kohlberg Kravis Roberts and Vista Equity to invest in the food industry, invested in Pacifico Aquaculture, a producer of ocean-raised striped bass, the firm said. Butterfly, which is in market with its debut fund targeting $400 million, focuses on investments across agriculture and aquaculture. UBS is working with the […]

private equity

Editor’s Letter: Look for large U.S. fund restructurings in 2018

A recent deal may be instructive in showing how restructurings can help GPs regain momentum after some down years. J.W. Childs Associates was one of the early GPs to restructure an older fund, cashing out existing LPs and moving remaining investments from its 2002 vintage third fund into a new vehicle capitalized by new investors […]