Elan Growth Partners has launched to provide capital to lower-middle-market western U.S. businesses in manufacturing, software, business services and food. Founder and Managing Partner Craig Dupper, formerly of Solis Partners, wouldn’t say how much Elan raised in its initial round. Launch investors will be the firm’s primary source of capital, he said, but “we do […]
The minority stake sold by Vector Capital to Dyal Capital Partners amounts to less than 10 percent of the management company, according to a source with knowledge of the deal. The transaction is intended to help accelerate the growth of Vector’s credit business. It has no connection to succession or operational changes, the source said. Dyal is Neuberger […]
This week’s opportunities include strategy jobs at Google and Sesame Workshop, as well as associate roles at Houlihan Lokey and JPMorgan.
TPG’s acquisition of Wind River, an embedded systems software company, is its second carveout of a business owned by Intel, following last year’s purchase of a majority stake in McAfee, the chipmaker’s cybersecurity unit. Partner Nehal Raj, who leads TPG’s technology group, said the firm was the “logical” choice when Intel was looking to sell off another non-core […]
Fitch Ratings is calling the peak in credit, citing a slackening of lending terms and a risk-reward mismatch for investors. The agency reported Tuesday that “significant loosening of underwriting standards points to the U.S. leveraged debt market being in the later stages of the credit cycle.” Fitch mentioned underwriting terms concerning pricing, leverage and documentation language, […]
This week’s opportunities include associate roles with Blackstone’s private equity energy and minority stakes groups, as well as analyst jobs with Macquarie and Vista.
Attorney Kristine Koren’s interest in the law was piqued by a school field trip to the U.S. District Court for Puerto Rico, where she grew up. There, the Hon. Juan Pérez-Giménez told the students that, one day, they could apply to work for him. “Years later,” Koren said, “when I had the opportunity, I did […]
Allianz Global Investors and StepStone Group have announced the formation of a new lender to U.S. middle-market companies, AC Loan Sourcing. The portfolio is managed by AllianzGI’s US Private Credit Solutions team, with loans being sourced in collaboration with Citizens Bank. John Corbett, portfolio manager at US Private Credit Solutions, called AC Loan Sourcing “a nice partnership […]
This week’s opportunities include senior roles at Blackstone’s GSO Advantage platform and Cambridge Associates.
Tripp Smith, co-founder of Blackstone Group’s GSO Capital Partners, will leave at the end of June to pursue other opportunities, a company memo obtained by Buyouts says. Smith and his partners, Bennett Goodman and Doug Ostrover, sold GSO to Blackstone and joined the firm in 2008, creating one of the world’s largest credit investment platforms. No successor is named for Smith, 52, […]
The sale of Moravia to RWS was “a phenomenal result” for Clarion Capital Partners, said Jonathan Haas, who heads the firm’s healthcare and business services groups. But the path from thesis to exit was complicated, with false starts and setbacks along the way. Managing Partner Marc Utay said Clarion has long been interested in “companies that facilitate […]
As president of global capital markets at Donnelley Financial Solutions, Craig Clay is charged with “partnering with private equity funds in understanding the market and their needs, and how their portfolio operations group can be assisted,” he said. “And we’re helping with diligence around deals, getting information disseminated in a number of ways.” The company’s virtual data room, Venue, enables […]
Luminate Capital Partners’ investment in Conexiom, a supply-chain automation software company, is representative of the firm’s strategy and also something of an expansion, according to Founder and Managing Partner Hollie Haynes. “Our sweet spot has been enterprise-focused software companies who solve complex user problems,” Haynes told Buyouts. “All of our [previous] companies are selling into typically the finance […]
This week’s opportunities include associate roles at BlackRock, Enlightenment Capital and CSAA Insurance Group.
Technology investment firm Turn/River Capital has raised $168 million for its third fund, holding “a single one-and-done close,” Managing Partner Dominic Ang told Buyouts. Fundraising took less than 90 days. Ang said all limited partners in Turn/River Capital II reupped and increased their commitments. Investors are a mix of endowments, family offices and funds-of-funds. Turn/River […]
Monk’s Hill Ventures led a $3.2 million Pre-A round in ELSA, a mobile app for language learners. With offices in Singapore and Jakarta, Monk’s Hill Ventures invests in pre-seed-stage startups in Southeast Asia.
Kristine M. Koren has joined Mayer Brown’s Corporate & Securities practice as a partner in New York, the firm announced. Koren, formerly of Skadden Arps, does fund formation work, as well as advising clients on investments, joint ventures, M&A and regulatory matters.
Interactive technology company Pipeworks Studios has been acquired by Northern Pacific Group, DGB investments and St. Cloud Capital from Italian parent Digital Bros..