Gatewood raises fund to help launch new GPs
Finding the next generation of superstar managers is an important effort in private equity these [...]
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Auction for Summit Partners-backed Ability Network busts
The JP Morgan Securities-run process for Summit Partners’ Ability Network fizzled after bids failed to [...]
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Medical Property Trust enables $2 bln merger between Cerberus’s Steward, TPG’s IASIS
TPG Capital has finally maneuvered a deal to cash out of its longtime investment in [...]
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Lone Star pulls out of unitranche joint venture with Antares Capital
Antares Capital confirmed Monday that Lone Star Funds has pulled out of its joint venture [...]
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Ohio Police & Fire boosts real assets holdings with May commitments
Ohio Police & Fire Pension Fund committed up to $210 million to private market funds [...]
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S&P: Nine West more likely to revamp debt; Moody’s pares Cole Haan rating
Nine West, the New York women’s apparel, footwear and accessories designer and retailer, is likely [...]
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Illinois Municipal Retirement Fund bets $650 mln on infrastructure
Illinois Municipal Retirement Fund greenlit up to $650 million in infrastructure commitments at its meeting [...]
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Private Eye: DeVos-family-backed firm, with $6.3 bln AUM, raises two co-investment pools
Ottawa Avenue Private Capital LLC, an investment arm of the family office of Richard DeVos, father-in-law [...]
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Chart of the week: Past performance determines ease of raising capital in real estate
If you struck it rich with your last real estate fund, odds are good that [...]
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Chart of the week: Location, location, location – where sovereign-wealth funds make RE investments
Europe (63 percent) and North America (60 percent) are grabbing the most interest of sovereign-wealth [...]
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PE firms fire 58 pct of portfolio CEOs within two years of a deal: survey
Private equity firms aren’t afraid to oust portfolio company CEOs who aren’t up to muster. [...]
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University of Michigan backs Silver Lake, Stripes Group
University of Michigan committed more than $70 million across a pair of private equity funds, [...]
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City MD expansion proceeds well, entails risks: S&P
A strategy of rapid growth at City MD, the provider of urgent-care services largely in [...]
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Family office Stephens Group buys Pearlman from Harbour Group
A personnel connection helped Stephens Group, the Little Rock, Arkansas, family office, in its bid to [...]
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ZirMed, backed by Sequoia, heads to the market
ZirMed, the healthcare-IT provider backed by one of Silicon Valley’s most prominent venture firms, is [...]
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CalPERS OKs $1.68 bln budget, excludes PE expenses
California Public Employees’ Retirement System approved a $1.68 billion budget that omits tens of millions [...]
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TA is said to seek buyer for BluePay Processing
TA Associates is putting BluePay Processing up for sale, according to three sources. Credit Suisse is advising [...]
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HarbourVest Managing Director Aris Hatch joins GCM Grosvenor
Aris Hatch, a managing director who focused on HarbourVest Partners’ separate-accounts business, has joined GCM Grosvenor. [...]
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