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Sam Sutton

TPG Sixth Street Partners, private equity, Pennsylvania PSERS, pension fund
TSSP Opportunities Partners IV targets $3 bln Final close slated for June Fund III netting 11.2 pct IRR as of Dec. 31 TPG’s credit arm is expected to hold a first and final close for its latest opportunistic credit fund in June, documents from Pennsylvania Public School Employees’ Retirement System show. TSSP Opportunities Partners IV is targeting […]
private equity, mergers, M&A, Ares Capital, business development companies, Congress, legislation, leverage, New York City Pensions, pension fund
Trilantic targeting $2.2 bln with $2.75 bln cap Pennsylvania PSERS commits up to $150 mln to fund Fund V netting a 16.3 pct IRR Trilantic Capital Partners is preparing to hold a final close for its latest North American private equity fund, documents from Pennsylvania Public School Employees’ Retirement System said. Trilantic Capital Partners VI (North America), targeting […]
Paine Schwartz Partners, private equity, pension fund, Rhode Island State Investment Commission
Firm grossed 90 pct IRR on realized food, agribusiness deals New fund gets $50 mln from Rhode Island Led by Chairman Dexter Paine, CEO Kevin Schwartz Paine Schwartz Partners is targeting $1.2 billion for its fifth fund, which will invest in food and agribusiness companies, a fund presentation delivered to Rhode Island State Investment Commission shows. Paine […]
Levine Leichtman makes mid-market structured equity investments Firm’s recent investments include legal publications, Round Table Pizza Previous fund netting a 10.5 pct IRR as of June 30, 2017 Levine Leichtman Capital Partners passed the $2 billion threshold on its latest flagship fund fund, according to several May 15 SEC filings. The firm is targeting $2.2 […]
TPG, New Jersey State Investment Council, pension fund, private equity, Oregon Investment Council
Seven investments grossing returns of 25 pct-plus Largest realization, in Taylor Morrison, returned $1 bln TPG marketing third RE fund with $3 bln target TPG’s private real estate arm realized more than $2.6 billion of proceeds through seven of its investments since the start of 2017, a fund presentation obtained by Buyouts shows. TPG Real Estate […]
Deerpath Capital Management, private equity, pension fund
Deerpath targets net returns in 6 pct to 9 pct range Fund IV to provide senior secured loans to sponsor-backed companies Philadelphia retirement system backs fund for $25 mln Deerpath Capital Management expects to raise more than $500 million for a private debt fund that will be used to invest in the capital structures of […]
Kohlberg Kravis Roberts, private equity, infrastructure, corporation, partnership
New structure to broaden KKR’s network of public shareholders Tax benefits of partnership mitigated by tax reform KKR to complete conversion to C-Corp on July 1 Kohlberg Kravis Roberts & Co is converting into a corporation, making it the second major private equity firm to switch from a publicly traded partnership to a corporation following […]
David Rubenstein, Carlyle Group, private equity
Fundraising for long-dated PE fund expected this year Firm to launch new energy, credit, Europe RE funds Carlyle AUM hits $201 bln Carlyle Group has more than $27 billion of unactivated investment capital, setting the stage for a massive influx of management fees as the $201 billion asset manager continues to amass larger investment funds. […]
Rhode Island State Investment Commission, Nautic Partners, private equity, pension fund, limited partners
Investing in firms based in German-speaking Europe Rhode Island weighs 35 mln euro commitment Firm’s realized investments grossed 32.7 pct IRR ECM Equity Capital Management is marketing its fifth flagship fund with a 300 million euro ($362 million) target, materials from Rhode Island State Investment Commission show. ECM, which Chris Peisch launched in Frankfurt in 1995, specializes in […]
Blackstone Group, private equity, infrastructure
Fund offers LPs first-close discount, expected in Q2 Saudi fund to match commitments up to $20 bln Infra fund could grow to $40 bln over a decade New Mexico State Investment Council plans to commit up to $100 million to Blackstone Group’s infrastructure fund, spokesman Charles Wollmann told Buyouts in an email. The Council approved the […]

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