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Steve Gelsi

Olympus Partners, private equity, Robert Morris
Fund VI’s 35 pct net IRR driven by Innovative XCessories LPs have been asking GP about Fund VII Firm raised $2.3B in 2013 for Olympus Growth Fund VI   With strong performance numbers thus far for its 2013 fund, Olympus Partners told inquiring LPs it’s getting ready to launch fundraising efforts around its seventh pool in […]
EnCap, private equity, oil and gas, energy
Firm wrapped up predecessor fund less than two years ago EnCap seeking commitments for EnCap Energy Capital Fund XI Commodity prices strengthen in 2016   Big energy GP EnCap Investments has returned to the fundraising market for its latest flagship fund aimed at the oil and gas sector less than two years after closing its […]
Coller Capital, private equity, investment returns
While limited partners expect strong returns for private equity heading into 2017, a greater portion see returns at the low end of the scale than at any time in the past five years, the latest Global Private Equity Barometer from Coller Capital shows. The surprise Brexit vote remains in the mix. The pound rallied recently as fears […]
Aberdeen, Graham McDonald, private equity, venture capital, mergers, M&A
Aberdeen recently polled over 50 GPs about the medium-to-long-term impact of Brexit.  Most of them said it won’t have a huge effect but they would wait and see. Very few … said they expected a positive effect. That’s since been borne out by levels of activity post-Brexit. There’s been a slight slowdown in private equity deal-making […]
Partner Connect Southwest, private equity, Utimco, pension fund
Crowded field of GPs presents challenge Plain vanilla buyouts less desirable nowaday LPs try to find an edge    LPs faced with a large field of GPs said they’re increasing their efforts to find opportunities ranging from smaller buyout funds to investing with firms that operate without a traditional fund structure. Speaking with Buyouts at the […]
Vince Fandozzi, Ardian, Seven Mile Capital, private equity
After running Seven Mile Capital Partners, you’re leading a new seven-member Ardian team that’s investing in North American middle-market companies. What are the roots of SMCP? In 2009, I took over as head of private equity and alternatives for Citi Holdings, the entity that Citi set up [to divest] non-core assets. I was overseeing the wind-down of […]
Aurora Capital, Gerry Parsky, private equity, Larry Bossidy
Firm: Aurora Capital Year Founded: 1991 Investment Strategy: Middle market private equity buyouts; debt and equity investing for Aurora Resurgence Key Executives: Gerry Parsky, John Mapes, Matt Laycock, Josh Klinefelter, Michael Marino, Steve Smith, Sean Ozbolt Office Location: Los Angeles Assets under management: $2 bln Fundraising status: Currently in the market with Fund V, according […]
Lone Star Fund X draws in $5.6 bln Lone Star Real Estate Fund V gets $5.8 bln Lone Star Fund IX raised $7.2 bln in 2014 Lone Star Funds cleared $11 billion in fresh capital raised this year, surpassing the $7.2 billion it raised in 2015. The Dallas private investor in real estate, equity and credit […]
SEC, Congress, regulation, private equity, Riverside Co, Stewart Kohl, Bela Szigethy
Execs at firm say path forward is unknown Riverside Co nevertheless is picking up its pace of deals Basic tax law groups carried interest under capital gains umbrella While officials at Riverside Co said the regulatory and tax landscape remains uncharted under President-elect Donald Trump, they argued that carried interest should continue to be taxed […]
KKR, private equity, Minnesota State Board of Investment, pension fund
KKR and its affiliates contribute $156.3 mln Firm determined to eat its own cooking Exec sees PE as good use of balance sheet   Kohlberg Kravis Roberts held fast to its plan to invest in its own funds by committing $156.3 million of a total of $688 million raised thus far for its KKR Next […]

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