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Steve Gelsi

What’s your favorite deal or portfolio company that you’ve worked with recently, and why? I worked a fair amount with Critical Flow Solutions, which we sold to Circor International in October for an enterprise value of $210 million. We did quite well on it. The company’s CEO, Ruben Lah, was not a traditional, highly polished […]
Lupin Capital, Asia, Jeff Leng, General Atlantic, private equity
Firm: Clearwater Capital Fund: Clearwater Capital Partners Fund V Target: Undisclosed Placement Agent: MVision Clearwater Capital Partners, the Hong Kong- and New York-based credit investor in Asia, has lined up MVision as placement agent for Clearwater Capital Partners Fund V, according to a filing. The filing lists $5 million for the placement agent sales commission. It did […]
Peter Nolan worked at JP Morgan for 14 years Kevin Burke spent 12 years at GE Capital Burke retiring after 40 years in the trade Antares Capital executive Peter Nolan in 2017 takes up the reins as senior managing director, head of loan syndicate sales and trading, after a 40-year veteran in the trade retired, […]
EIV Capital, oil and gas, energy, private equity
Firm: EIV Capital Fund: EIV Capital Fund III Target: $450 mln Amount raised: $341.7 mln Placement Agent: Champlain Advisors EIV Capital, the Houston investor in energy-sector infrastructure, more than doubled the target of its third buyout fund compared with its predecessor, while remaining active on the acquisition trail. EIV Capital said it raised $341.7 million toward […]
Russell Steenberg, BlackRock, private equity
What are some of the major themes for 2017? [There] are a number of economic and geopolitical issues in the world.  When there’s disruption in a sector or a geography, that usually provides an opportunity. You had an Italian referendum. Whether Italy can restructure their banks now is a question. It’s certainly important to the […]
Crescent Capital, private equity
Firm: Crescent Capital Group Fund: Crescent Mezzanine Partners VII Series Amount Raised: $3.54 bln Placement Agent: First Avenue Partners Crescent Capital Group, the Los Angeles specialist in junior capital investments, raised more than $3.5 billion for its seventh mezzanine fund, the largest in the firm’s 24-year history, filings showed. The fund comes as prospects for corporate […]
Partners Group, private equity, retirement plans, 401(k), Nasdaq, Norm Champ, Kirkland & Ellis
Partners Group U.S. direct contribution product launched in 2015 Firm taking part in industry discussions Partners Group working to add liquidity options Partners Group has been weighing options to give defined-contribution retirement plans – which have trillions of dollars of assets — improved access to alternative investments, according to a source. The Swiss firm, with $55 […]
Details of changes still unknown by Washington insiders Trump seen as unpredictable Senate may block some moves by House   Washington insiders working for private equity expect changes on deregulation and tax structure under the incoming administration of Donald Trump, but specifics remain unclear at this point, according to an expert panel taking part in a […]
Creadev, Delphine Descamps, Mulliez family, private equity
Firm: Dyal Capital, a unit of Neuberger Berman Fund: Dyal Capital Partners III Target: $2.5 bln Amount raised: $5.3 bln Dyal Capital Partners, the Neuberger Berman unit that’s been purchasing minority stakes in private equity firms, already doubled its fundraising target for its third pool, with about $5.3 billion in commitments, as it moves toward […]
Astra Capital, private equity, Mark Johnson, Matthew Murphy, technology, telecom
Firm found by Carlyle Group alumnus and a telecom exec Exec decided to launch firm during a climb on Mount Kilimanjaro First portfolio-company deal closed over the summer   Astra Capital Management, the Washington firm founded by an ex-Carlyle Group managing director and an executive from the telecom sector, is on the fundraising trail for […]

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