Featured

New fund to invest up to $250 mln per company Fund IX held final close in 2016 with more than $600 mln from Kelso Maine PERS, Louisiana Teachers’ among Fund X LPs Kelso & Co is raising $2.5 billion for its 10th flagship fund, according to a Hamilton Lane report prepared for Teachers’ Retirement System […]

Kevin Genda was chairman of Cerberus Business Finance Target on debut is $750 mln Firm launched last year Blue Torch Capital, formed by an ex-Cerberus Capital Management executive, is targeting $750 million for its first fund focused on direct lending, according to people with knowledge of the process. Blue Torch filed a Form D fundraising […]

OMERS Private Equity finished 2017 with a hefty pay packet, earning a net return of 18.2 percent, much of it owing to sales of a U.K. software business and a Canadian plastics supplier. Ontario Municipal Employees Retirement System in February reported that all PE investments showed a net return of 11.1 percent last year. In a more detailed report issued this month, performance was broken down to show a net return of 18.2 percent from OPE's direct investments, driven by sales of Civica and Husky IMS International.

Imperial, OPTrust put C$121 mln in Dental Corp Toronto dental company’s Ebitda ~C$115 mln KKR in March bought U.S. dental major Heartland Imperial Capital Group and OPTrust Private Markets Group are approaching the sale of Dental Corp of Canada after rapidly scaling the largest dental network north of the border, according to sources familiar with […]

YETI Holdings, which makes coolers that can withstand a grizzly-bear attack, has pulled its highly anticipated IPO. The Austin company said it chose not to proceed with the offering due to market conditions, according to a March 23 letter to the SEC. YETI has been in registration since July 2016, when it filed for the IPO. Cortec Group, […]

Fund not officially in market No cap set yet Not called Fund XIII because of superstition: source The race among private equity megafunds is on this year. Warburg Pincus is gearing up to raise its next flagship fund targeting $13.5 billion, sources with knowledge of the situation said. The firm joins others like TPG, Carlyle […]

Caisse de dépôt et placement du Québec, one of the world’s biggest investors in private equity, is increasing its capital deployments by doing more direct deals with a select group of partners. The strategy was on display in 2017, when the pension system closed more than $7.6 billion in transactions. Stephane Etroy, CDPQ executive vice president and head of private equity, told PE Hub Canada that about 70 percent of the total went to co-sponsorships and co-investments.

Don’t expect private equity to make a play for Time or Fortune or the other magazines Meredith Corp has put on the block, two bankers said. Meredith confirmed March 22 that it has put up for sale Time, Fortune, Money and Sports Illustrated. The media company hired Citigroup and Houlihan Lokey to run the process, Reuters […]

Norwest Venture Partners found a buyer for Avetta, the risk management software company it has owned since 2013, in Welsh, Carson, Anderson & Stowe.  The New York private equity firm is buying a majority of Avetta, while TCV is getting a minority. Norwest is keeping a stake, along with company founders and management. Terms weren’t disclosed but two sources pegged […]

 Julia Karol is president and COO at firm  ILPA works on code of conduct for GPs 42 VC firms gave rise to #MovingForward Watermill Group has sent a letter to its portfolio companies, advocating for a culture of safety and calling on its management teams to update their codes of conduct and launch sexual-harassment training […]