Jason Lemkin, a managing director at Storm Ventures, has stepped back from day-to-day operations, according to Ryan Floyd, a founding managing director of the Menlo Park, Calif.-based venture firm.
Lemkin, who […]
Chris Witkowsky wrote a new post, Thoma Bravo quietly raises debut middle-market fund, on the site PE HUB 1 week ago
Thoma Bravo, which is pre-marketing its 12th flagship fund, is wrapping up fundraising on its debut middle-market fund, Thoma Bravo Discover Fund, according to a marketing document sent to LPs this week and seen […]
Chris Witkowsky wrote a new post, Thoma Bravo to seek $5 bln or more for next fund: sources, on the site PE HUB 1 week, 1 day ago
Thoma Bravo Managing Partner Carl Thoma sounded the alarm earlier this year: LPs should expect private equity returns to come down, and should probably give GPs less money.
Thoma gave his warning at the Buyouts […]
Jeff Edwards, a former private equity executive at the Teacher Retirement System of Texas, left the pension system in July and joined NovaQuest Capital Management, according to two people with knowledge of the […]
Chris Witkowsky wrote a new post, Partner leaves Monitor Clipper, which has switched to deal-by-deal investing, on the site PE HUB 1 week, 3 days ago
Partner Charles Yoon has left Monitor Clipper Partners, a Cambridge, Massachusetts-based buyout shop that suspended its most recent fundraising earlier this year to instead work on a deal-by-deal basis.
Ryan Butler, a managing director and top secondary dealmaker at Portfolio Advisors, left the firm this month, Brian Murphy, managing director, confirmed for Buyouts.
Butler left to pursue bigger secondary opportunities, Murphy said. “We run a niche secondary business and specialize in traditional secondaries,” he said. “Ryan is a good guy,…[Read more]
Chris Witkowsky wrote a new post, Audax offers two fee/carry options for latest flagship fund, on the site PE HUB 2 weeks ago
Audax Group offers a choice of management fee/carried interest structures in its next flagship private equity fund: a 1 percent management fee and 30 percent carried interest rate, or the standard 2 and 20, […]
Chris Witkowsky wrote a new post, Invus leads $45 mln Series B funding in Cava Group, on the site PE HUB 2 weeks ago
Cava Group raised $45 million in Series B funding led by Invus. Other investors in the funding round included Swan & Legend Ventures and Revolution Growth. Funding will help Washington, D.C.-based Cava Grill’s […]
Chris Witkowsky wrote a new post, Littlejohn’s Wellfleet Credit closes debut CLO on $360 mln, on the site PE HUB 2 weeks ago
Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed its debut collateralized loan obligation on $360 million. The CLO will be backed by a portfolio of broadly syndicated senior […]
Chris Witkowsky wrote a new post, George ‘Dubya’ rocks the ‘Woodstock of Private Equity’, on the site PE HUB 2 weeks, 2 days ago
The Bush Family may not be enjoying the best relationship with private equity these days since presidential contender Jeb Bush put together a notably PE-unfriendly tax plan.
But his little brother, former President George W. Bush, brought a smile to faces at Carlyle Group’s annual meeting last week. Our spies tell us “Dubya” put on an…[Read more]
Brian Bolcar, former private equity official with the Virginia Retirement System, joined the North Carolina Treasury as a private equity portfolio manager, according to a spokesman for the system.
Chris Witkowsky wrote a new post, ‘Mini Apollo’ Gamut targets $750 mln for debut fund, on the site PE HUB 2 weeks, 3 days ago
There’s a mini Apollo Global Management in the making.
Gamut Capital Management, launched by former Apollo Senior Partners Stan Parker and Jordan Zaken, is targeting $750 million for its debut fund, which will mirror Apollo’s strategy in miniature, according to three people who have heard the firm’s fund pitch.
This means Gamut can do…[Read more]
Chris Witkowsky wrote a new post, Advent proposes dropping preferred return for next flagship mega-fund, on the site PE HUB 2 weeks, 4 days ago
Here’s a sign of the times: Advent International has decided to not include a preferred return in its next flagship fund, which will target $12 billion.
A preferred return is a hurdle, usually set at a 7 or 8 percent annual return, that the general partner must hit before it starts to collect carried interest. Advent’s Fund VII had an 8 percent…[Read more]
Maggie Arvedlund, a managing director who focused on private equity within Fortress Investment Group’s struggling hedge fund business, has left the firm for undisclosed reasons, according to two people with knowledge of the situation.
Arvedlund worked on the Fortress Partners Fund, an endowment-like vehicle that invests capital from firm…[Read more]
Chris Witkowsky wrote a new post, New Science Ventures leads $10.2 mln funding in Mangstor, on the site PE HUB 3 weeks ago
New Science Ventures led a $10.2 million Series B funding in Mangstor, Inc, which provides flash storage capabilities. The investment will be used to grow the company’s leadership, sales and engineering roles, as […]
New Leaf Venture Partners led a $25 million funding round in Kyruus, an enterprise software company for hospitals. Other investors in the funding included Providence Health & Services, Leerink Capital Partners and […]
Chris Witkowsky wrote a new post, North Atlantic Capital leads $14 mln funding in ChoiceStream, on the site PE HUB 3 weeks ago
North Atlantic Capital led a $14 million Series C funding round in ChoiceStream, which provides advertising for brands and agencies. Previous investors also participated in the funding.
Fragmob, which provides mobile technology in the direct selling industry, closed a $3.2 million convertible debt funding round led by Global Trust Group’s Global Technology Fund. Fragmob’s two founders, Jade […]
Chris Witkowsky wrote a new post, Vista raises ambitions for several funds soon to launch, on the site PE HUB 3 weeks, 1 day ago
Go big or go home. That could be the motto of Vista Equity Partners.
Vista, which recently beat out Thoma Bravo for the acquisition of software company Solera Holdings, is in the market with its second credit fund targeting $750 million to $1 billion, according to three people with knowledge of the situation.
It is an ambitious target for…[Read more]
The New York City Retirement System has demonstrated a commitment to building a stable investment team with some significant pay increases for top-level people.
Alex Doñé, the head of private equity at the […]
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