Searchlight Capital Partners is nearing a first close on its second fund on around $1 billion, which gets it close to its $1.5 billion target, according to a person with knowledge of the fundraising.
The first […]
Chris Witkowsky wrote a new post, New Jersey chooses TorreyCove as private equity consultant, on the site PE HUB 6 days, 14 hours ago
The New Jersey Division of Investment will use a new private equity consultant going forward.
The state has hired TorreyCove Capital Partners for the next five years as the state pension system’s private equity […]
Chris Witkowsky wrote a new post, Here are the 35 most sought-after U.S. LBO funds on secondary market, on the site PE HUB 6 days, 16 hours ago
The top 35 most sought-after U.S. LBO funds on the secondary market as of the second quarter priced at an average of 97.3 percent of net asset value, according to fresh analysis from intermediary Setter Capital.
That is 8 percent higher than funds that are outside of the top 35 list, Setter found.
The most sought after U.S. buyout funds…[Read more]
Chris Witkowsky wrote a new post, Carl Thoma: Prepare for inevitable decline in returns, on the site PE HUB 1 week, 5 days ago
Private equity GPs are deluding themselves if they believe they can exit at the same high multiples at which they are entering investments today, according to Carl Thoma, managing director at Thoma Bravo.
Thoma provided a cold shot of reality during his keynote speech Wednesday at Buyouts Chicago. Private equity returns will come down, he said,…[Read more]
Chris Witkowsky wrote a new post, Wilbur Ross says Bank of Cyprus may shift public listing to LSE, on the site PE HUB 1 week, 6 days ago
Bank of Cyprus is considering a move from the Athens Stock Exchange to London because of a lack of liquidity and negative perception of Greece, said Wilbur Ross, head of WL Ross & Co, one of the bank’s largest […]
Chris Witkowsky wrote a new post, Top exec departs AlpInvest’s U.S. co-investing group, on the site PE HUB 2 weeks, 4 days ago
Thomas Spoto, who co-led U.S. co-investments at AlpInvest Partners, has left and joined Goldman Sachs.
Randy Whitestone, a spokesman for Carlyle Group-backed AlpInvest, confirmed Spoto’s departure but declined to comment further.
Spoto’s LinkedIn profile shows he joined Goldman this month as a managing director. His specific responsibilities…[Read more]
Aledia, which makes 3-D LEDs, has closed its Series B funding on about 28.4 million euros (about $31 million). Participants in the funding round include Valeo, an automobile-equipment maker, IKEA GreenTech, the […]
Data analytics business Tamr, Inc. raised $25.2 million in Series B funding from Hewlett-Packard Ventures, Thomson Reuters, MassMutual Ventures, the corporate venture arm of Massachusetts Mutual Life Insurance […]
Chris Witkowsky wrote a new post, Future/Perfect Ventures leads $1.5 mln funding in Case, on the site PE HUB 2 weeks, 4 days ago
Future/Perfect Ventures has led a $1.5 million funding round in Case, a blockchain technology company. Other participants in the funding include RRE Ventures, High Line Venture Partners and the Rochester Institute […]
Chris Witkowsky wrote a new post, Fortress closes Credit Real Estate Opportunities Fund II on $1 bln, on the site PE HUB 2 weeks, 4 days ago
Fortress Investment Group has closed Credit Real Estate Opportunities Fund II on its $1 billion cap. Fund II launched fundraising in 2014. About half of the commitments to Fund II came from public and corporate […]
Chris Witkowsky wrote a new post, NEA, Revolution Ventures lead $7.7 mln funding in Framebridge, on the site PE HUB 2 weeks, 4 days ago
New Enterprise Associates and Revolution Ventures have led a $7.7 million Series A funding round in Framebridge, an online and mobile custom framing business. Timothy O’Shaughnessy, president of Graham Holdings […]
HgCapital has hired Tom Maddison, former global HR director at Xerox Corp, for the new role of head of portfolio talent. Maddison, who starts in August, will be responsible for supporting management teams to […]
Clearlake Capital Group has bumped the hard cap on its fourth flagship vehicle to $1.36 billion amid heavy demand from limited partners, according to two people with knowledge of the firm.
Clearlake held a […]
Chris Witkowsky wrote a new post, Irving Place to let Fund III LPs sell at full value or roll into new fund, on the site PE HUB 2 weeks, 6 days ago
Limited partners in Irving Place Capital’s $2.7 billion, 2006-vintage third fund have two options as part of the firm’s restructuring process, which is moving toward a conclusion this summer.
Existing LPs can […]
Chris Witkowsky wrote a new post, Advent expected to seek more than $10 bln for next flagship, start fundraising in Q3, on the site PE HUB 3 weeks ago
One of the more highly anticipated funds coming to market this year is Advent International’s next flagship vehicle, which could launch in the third quarter, according to three people with knowledge of the […]
Bain Capital is kicking in a meaty commitment to its recently launched Asia fund, which is in keeping with the firm’s tradition of GP commitments well above market standard.
Bain will commit a minimum of $250 […]
The Pennsylvania State Employees’ Retirement System is on the hunt for a head of real assets strategy since its longtime chief David Kalman retired earlier this year.
Kalman, who worked with the pension system […]
Chris Witkowsky wrote a new post, Convirza raises more than $20 mln in Series B funding, on the site PE HUB 3 weeks, 4 days ago
Convirza, a call marketing analytics business, has raised more than $20 million in a Series B funding round. The funding was led by an unnamed firm described as a large East Coast-based investment group. The […]
Restructuring older private equity funds on the secondary market is quickly becoming a common tool that GPs can use to resolve older funds that have lived beyond their contractual terms.
But opinions on the […]
Veronis Suhler Stevenson is attempting something unique – it is trying to restructure every active fund it currently manages.
Funds include VS&A Communications Partners III LP, which raised $1 billion in 1999, and VSS Communications Partners IV LP, which collected $1.3 billion in 2005.
VSS, led by one sole remaining managing partner, Jeff…[Read more]
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