Tony James, Blackstone Group, PartnerConnect Midwest, 2018
473 Views

Blackstone’s James says Schwarzman trying to calm U.S.-China trade flap

Tony James, executive vice chairman of Blackstone Group, said Co-Founder and CEO Stephen Schwarzman is working to ease worsening tensions between the U.S. and Chinese governments over trade. “He’s kind of shuttling back and forth, trying to make people stay calm and be reasonable,” James said of Schwarzman, who is close to top officials of […]

private equity, Coller Capital
274 Views

Back to School: LPs not quite sold on funds buying GP stakes: survey

Most LPs have not invested in funds targeting GP stakes and are unlikely to do so. That was the response of 64 percent of institutional investors polled by Coller Capital for its latest Global Private Equity Barometer. Seventeen percent said they’ve already invested in such funds and another 19 percent will consider doing so. The strategy […]

Cressey & Co, private equity
664 Views

Cressey & Co. raises around $1 bln for sixth healthcare PE fund

Cressey & Co just wrapped up its sixth fund in one closing, Partner Bryan Cressey said. The oversubscribed vehicle closed Friday at the hard cap, with LP commitments totaling $950 million. The GP commitment brings Cressey & Co Fund VI to $995 million. Fundraising began in March. The healthcare-focused firm also raised $105 million for an overage fund, […]

TriTech Software Systems, Darren Abrahamson, Bain Capital, software, public safety, law enforcement, medical, private equity, merger, M&A, Insight Venture Partners
572 Views

Bain looks to build on success of public-safety-tech firm TriTech

Bain Capital “moved quite quickly to prevail” in the auction process for TriTech Software Systems, said Managing Director Darren Abrahamson. “It was a space we’d tracked and a company we’d followed closely for some time.” The San Diego provider of public-safety technology has been controlled by Insight Venture Partners, which bought a stake from Friedman Fleischer & […]

KKR, Goldman Sachs, software, private equity, venture capital
113 Views

KKR and Goldman partner on growth investment in low-code developer OutSystems

The $360 million investment in software-development platform OutSystems by KKR and Goldman Sachs is split roughly two-thirds to one-third, respectively, according to a source familiar with the matter. The round represents the largest check yet from KKR’s Next Generation Technology Growth Fund, said Stephen Shanley, a director in the firm’s London office. Led by Dave Welsh, the $714 million fund invests in technology, […]

KKR, Goldman Sachs, software, private equity, venture capital
184 Views

KKR and Goldman partner on growth investment in low-code developer OutSystems

The $360 million investment in software-development platform OutSystems by KKR and Goldman Sachs is split roughly two-thirds to one-third, respectively, according to a source familiar with the matter. The round represents the largest check yet from KKR’s Next Generation Technology Growth Fund, said Stephen Shanley, a director in the firm’s London office. Led by Dave Welsh, […]

Alex Gregor, Mike Bryant, Knox Capital, fundless sponsor, private equity, merger, M&A
566 Views

Fundless sponsor Knox Capital partners with operators, private investors

“I consider myself a private equity refugee,” said Alex Gregor, founder and principal of fundless sponsor Knox Capital. “I left a traditional institutional firm with the intent to buy businesses on my own, deliberately without a fund, and really trying to focus on networking with operators.” Before going solo in 2013, Gregor was vice president at Chicago […]

Carlyle Group, private equity
481 Views

Carlyle collects more than $16 bln for seventh North American buyout fund

Carlyle Group has raised around $16.3 billion for its seventh flagship fund, a regulatory filing shows. Carlyle Partners VII has a hard cap of $18.5 billion, Bloomberg previously reported. A final close was said to be expected early this year. There is no indication that fundraising is finished. The firm declined to comment. Carlyle, based in […]

Vector Capital, KELA Group, Israel, cybersecurity, private equity
123 Views

Vector Capital looks to move Israeli security firm KELA into North America

Vector Capital’s $50 million investment in KELA Group is its third deal in Israel, a market the firm has been covering for more than 15 years, according to Managing Director Matt Blodgett. San Francisco-based Vector previously backed Aladdin Knowledge Systems, like KELA a cybersecurity investment, and Precise Software Solutions, both companies founded in Tel Aviv. Another portfolio […]

Cambridge Associates, private equity, merger, M&A
262 Views

Cambridge Associates to sell minority stake to client Sofina SA

Cambridge Associates will sell a minority stake to Belgian investment company Sofina SA, a client of the Boston consulting and money-management firm. In a statement to Buyouts, Cambridge said that “the long-standing shareholders of the firm — our co-founders and two families — are working on rebalancing their holdings and on their own estate planning. The investment […]

Arrowroot Capital, private equity, software, Matthew Safaii
178 Views

Arrowroot, with TA pedigree, deploys most of Fund III, looks to SaaS opportunity

Arrowroot Capital is starting to think about its next fund, with the majority of its third growth-equity pool now invested. “As we deploy Fund III, our eyes are turning towards Fund IV, as we’re seeing the number of opportunities accelerating in vertical SaaS,” Founder and Managing Partner Matthew Safaii told VCJ affiliate Buyouts. Fund III closed in November with more […]

Arrowroot Capital, private equity, software, Matthew Safaii
229 Views

Arrowroot, with TA pedigree, deploys most of Fund III, looks to SaaS opportunity

Arrowroot Capital is starting to think about its next fund, with the majority of its third growth-equity pool now invested. “As we deploy Fund III, our eyes are turning towards Fund IV, as we’re seeing the number of opportunities accelerating in vertical SaaS,” Founder and Managing Partner Matthew Safaii told Buyouts. Fund III closed in November […]

226 Views

Area One Farms targets traditional fund, permanent-capital pool in fundraising

Toronto private equity firm Area One Farms is raising two funds to expand its business of partnering with Canadian farmers, President and CEO Joelle Faulkner told Buyouts. Area One Farms Fund IV is targeting $250 million from institutions, with room to raise around $100 million more. Area One Farms Fund V is aimed at Canadian individuals and structured as a permanent-capital vehicle, with liquidity options starting in year five. It will seek $50 million to $100 million.