GP Profile: Water Street Healthcare Partners Turns Toward Exits

By Staff Report — 9 years ago

The founders of Water Street Healthcare Partners spun out of One Equity Partners back in 2005, confident they could extricate outsized returns from the labyrinthine U.S. health care system. Five years later, pressure is on the firm to generate results just as the government embarks on a monumental overhaul of the health care system. The […]

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Guardian Closes Debut Fund

By Lawrence Aragon — 9 years ago

Guardian Capital Partners, a lower mid-market buyout shop based outside of Philadelphia, has closed its debut fund at $50 million. Firm executives expect to make six to 10 control investments with the vehicle, typically writing equity checks of $5 million to $10 million for companies with enterprise values of $15 million to $40 million. Sectors […]

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NY State Pledges To Clearlake Capital, DeltaPoint Capital

By Lawrence Aragon — 9 years ago

The $126 billion New York State Common Retirement Fund recently announced two pledges made in November totaling $40 million, one to an emerging manager, another to a firm investing largely in the Northeast. Clearlake Capital Group’s Clearlake Capital Partners II received a $15 million commitment through the NYSCRF Pioneer Partnership Fund – A, part of […]

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Firm Owned By Ex-Aldus Exec Plans Mezz F-O-F

By Lawrence Aragon — 9 years ago

United Investment Managers, the Chicago-based firm recently acquired by former Aldus Equity executive Marcellus Taylor, is looking to launch a mezzanine-focused fund of funds in the latter part of the first quarter of 2010, Taylor told Buyouts. Potential supporters will have to get past Taylor’s association with the disgraced and defunct private equity advisory firm […]

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Emerging Manager Zooms Past $300M Target

By Lawrence Aragon — 9 years ago

Boston-based emerging manager WestView Capital Partners has hit its hard cap of $325 million for a second fund earmarked in part for services companies, handily surpassing its $300 million target after little more than a year of fundraising. WestView Capital began pitching the fund, WestView Capital Partners II, last fall, with Probitas Partners serving as […]

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Emerging Manager Zooms Past Target: Exclusive

By Lawrence Aragon — 9 years ago

Boston-based buyout shop and emerging manager WestView Capital Partners has hit its hard cap of $325 million for its second fund, handily surpassing its $300 million target after little more than a year of fundraising. Westview Capital began pitching the fund, WestView Capital Partners II, last fall, with Probitas Partners serving as its placement agent. […]

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Texas Teachers To Commit $2.5B To PE

By Lawrence Aragon — 9 years ago

The $82 billion Teacher Retirement System of Texas intends to commit roughly $2.5 billion to private equity in the coming year, and if past is prologue much of that will be channeled through funds of funds. The limited partner has not yet finalized which sub-strategies it will target, but one recent pledge of $100 million […]

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Where Were The Alarm Bells?

By Lawrence Aragon — 9 years ago

Alarm bells should have been clanging in October 2006 when Deutsche Bank was negotiating to acquire a 45 percent stake in Aldus Equity, attracted by its blue-chip roster of pension fund clients, including the New York State Common Retirement Fund and two large New Mexico institutional investors. Early that month, four Aldus Equity partners, Richard […]

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Guardian Life Reveals PE Plans

By Lawrence Aragon — 9 years ago

Guardian Life Insurance Company of America is in the third year of its five-year private equity program, and the limited partner has lots more to spend. The LP’s program calls for it to invest $200 million each year to the asset class. David Turner, managing director and head of private equity, explained that besides having […]

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Need To Know

By Lawrence Aragon — 9 years ago

Four More To Play Nice New York Attorney General Andrew Cuomo announced in Sept. 18 that four more private equity firms have pledged to his “Code of Conduct. Access Capital Partners, Falconhead Capital LLC, HM Capital Partners, and Levine Leichtman Capital Partners have pledged not to hire placement agents to help them raise money from […]

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Marcellus Taylor Resurfaces After Two-Year Separation from Aldus Equity

By Lawrence Aragon — 9 years ago

Marcellus Taylor, who earlier this year was named in a civil suit filed by the New York State Comptroller, has acquired Chicago-based United Investment Managers, a fund of funds earmarked for commitments to emerging managers. Until August 2007, Taylor worked as a partner at Aldus Equity, a Dallas-based advisory firm. This spring, New York State […]

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Firms & Funds

By Lawrence Aragon — 9 years ago

3i Group shares dropped more than 3 percent after the firm said that disposals made over the past five months were at around the same value as previously assumed. Banco Bradesco of Brazil and Banco Espírito Santo of Portugal have formed 2bCapital, a new private equity fund manager that will operate in Brazil. Each bank […]

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Marcellus Taylor Resurfaces After Two-Year Separation From Aldus Equity

By Lawrence Aragon — 9 years ago

Marcellus Taylor, who earlier this year was named in a civil suit filed by the New York State Comptroller, has acquired Chicago-based United Investment Managers, a fund of funds earmarked for commitments to emerging managers. Until August 2007, Taylor worked as a partner at Aldus Equity, a Dallas-based advisory firm. This spring, New York State […]

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