Benefit Street Partners hits $1.75 bln for Fund III

By Steve Gelsi — 5 years ago

Benefit Street Partners, the credit arm of Providence Equity Partners, said it closed its direct lending fund, Providence Debt Fund III LP, at its hard cap of $1.75 billion, well ahead of its $1 billion target, in a move to build up dry powder for mid-market financing deals.


Talking Top Quartile with ‘DJ’ Deb of Francisco Partners

By Steve Gelsi — 6 years ago

The vintage 2006 Francisco Partners II buyout fund generated an IRR of 12.2 percent as of Dec. 31, 2012, according to performance data from California Public Employees’ Retirement System. The performance beats the 11.7 percent threshold for top-quartile funds and the median IRR of 7.5 percent for the vintage year, according to LP data compiled by Buyouts.


Ikaria receives three final private equity bids

By Cust Serv — 6 years ago

Ikaria Inc, a specialty drug company that is seeking to sell itself for as much as $2 billion, received final bids this week from private equity firms American Securities LLC, GTCR LLC and Madison Dearborn Partners LLC, according to people familiar with the matter, sister news service Reuters reported.