Sam Sutton
Target remains TBD, says Minnesota memo Fund IX likely to receive a lot of attention from new, existing LPs Firm expected to deploy between $300 mln and $1 bln per deal Hellman & Friedman is raising a follow-up to the $10.9 billion vehicle it closed in 2014, according to Minnesota State Board of Investment documents […]
Firm spun out of NGP Energy Technology in 2016 Black Bay led by Michael Lebourgeois, Tom Ambrose and L. Guy Cook III Fund I has raised $137 mln Black Bay Energy Capital, launched by former NGP Energy Technology Partners executives, is more than halfway toward hitting the target of its debut fund for energy services companies, […]
Hastings sets $300 mln hard cap for Fund IV New fund targeting gross returns exceeding 30 pct Rhode Island weighs $25 mln commitment Hastings Equity Partners is targeting $250 million for investments in small and midsized energy-services businesses, a fund presentation released by Rhode Island State Investment Commission shows. The fund has a $300 million hard […]
Firm invests in wide range of alternative assets New fund has raised $11 mln Gerber/Taylor has $5.3 bln under management Memphis-based investment advisory firm Gerber/Taylor Capital Advisors has raised more than $11 million for a new fund-of-funds for investments across range of alternative-asset strategies, according to an SEC filing. Gerber/Taylor’s new fund, Palladian Partners IX […]
Jordan still chairman, on investment and finance committees Fund is targeting $3.2 bln Expected close on March 15 Jordan Co expects to close its fourth flagship buyout fund on March 15, its first without Co-Founder Jay Jordan at the helm, Nebraska Investment Council meeting materials show. Jordan Co is targeting $3.2 billion to acquire middle-market companies […]
Opportunities, industries aren’t monolithic, says Melwani Blackstone raised $18 bln for last flagship PE fund in 2015 $434 bln firm especially active in energy, oil & gas recently Debt is cheap, private equity firms have almost $1 trillion of dry powder on hand and purchase-price multiples are as high as they’ve ever been. This cycle […]
New funds from TPG, Bain expected to hasten LP demand Social, environmental impact considered in non-impact strategies Impact investing offers the “discipline of it being a business,” says panelist A growing number of LPs are considering the environmental, social and governmental impacts of their private equity investments when they consider committing to new PE and venture […]
Panel: LPs growing more inquisitive about usage, duration Credit lines lent against creditworthiness of the LPs Some LPs using side letters to limit use of collateral Private equity firms’ growing reliance on capital-call facilities is leading to significant changes to how limited partners assess fund performance, according to LPs speaking at SuperReturn US West in San […]
New fund led by David Liu, Julian Wolhardt Both left KKR at the end of 2016 Dehong Capital to invest in Chinese buyouts New York State Common Retirement Fund committed $25 million to a new China-focused vehicle managed by two former Kohlberg Kravis Roberts & Co executives. David Liu and Julian Wolhardt left KKR at the end of […]
“It will be difficult” to match 2017’s performance: Lee Recent stock market volatility “feels more like a healthy correction,” says Lee LPs recognize need to boost risk exposure via alternatives: Youngkin Carlyle Group set records for fundraising and distributions in 2017, investing $22 billion in new assets while raising $43 billion toward the $100 billion […]